# Elements funding: rounds and investors

> Elements has raised $55M across 2 rounds since 2018. Investors include Bpifrance and SBI Investment. Every round with its source.

Source: https://millionrounds.com/company/elements (Millionrounds; every figure on the page links to its filing or article)

France · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Elements*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$55M** raised across 2 rounds since 2018, from 2 sources

**$1.5M** Venture **$54M** Venture

- **Latest round:** Venture, $54M Dec 2023
- **Step-up i:** 35.9×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$1.5M** Venture

**$54M** Venture

- **First round:** Venture, $1.5M
- **Biggest round:** $54M
- **Between rounds:** 5.3 years

## The rounds

- **Dec 2023** Venture **$54M** *1 new* [Bpifrance](https://millionrounds.com/fund/bpifrance) Source recorded
- **Sept 2018** Venture **$1.5M** *1 new* [SBI Investment](https://millionrounds.com/fund/sbi-investment) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2018 **Venture** 2023 [Bpifrance](https://millionrounds.com/fund/bpifrance) [SBI Investment](https://millionrounds.com/fund/sbi-investment)

## Everyone who backed them

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

[SBI Investment](https://millionrounds.com/fund/sbi-investment) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=elements).

## Quick answers about Elements

### Who invested in Elements?

Elements's investors include Bpifrance and SBI Investment.

### How much has Elements raised?

Elements has raised $55M across 2 rounds since 2018.

### When did Elements last raise?

Elements's most recent round was a Venture of $54M in Dec 2023.

### What was Elements's biggest round?

Its most recent round, $54M in Dec 2023, is also its largest on record.

### Who backed Elements first?

Elements's first round on record, in Sept 2018, was backed by SBI Investment.

### What stage is Elements at?

Elements's latest named round is a Venture, in Dec 2023.

### Where is Elements based?

Elements is based in France.

## Companies like Elements

In the same sector, and raised in the last eighteen months.

[**Elax Energy** $34M · Oct 2026](https://millionrounds.com/company/elax-energy)[**EPYR** $20M · Oct 2026](https://millionrounds.com/company/epyr)[**HyLight** $18M · Oct 2026](https://millionrounds.com/company/hylight)[**Voltheia** $5.4M · Aug 2026](https://millionrounds.com/company/voltheia)[**Technip Energies** $1.4B · Jun 2026](https://millionrounds.com/company/technip-energies)[**Mantle8** $38M · May 2026](https://millionrounds.com/company/mantle8)

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