# Embue funding: rounds and investors

> Embue has raised $3.1M across 6 rounds since 2009. Investors include Massachusetts Clean Energy Center, US Department of Energy and Third Derivative.

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

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Embue*

6 rounds we have observed, with the 3 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.

Big Data & Analytics

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$3.1M** raised across 6 rounds since 2009, from 6 sources

**$150K** Seed **$1.2M** Seed **$150K** Seed **$250K** Seed **$335K** Grant **$974K** Grant

- **Latest round:** Grant, $974K Apr 2026
- **Biggest round:** $1.2M Seed · Aug 2010
- **Step-up i:** 2.9×
- **Investors:** 3

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.

2009 2012 2015 2018 2021 2024

**$150K** Seed

**$1.2M** Seed

**$150K** Seed

**$250K** Seed

**$335K** Grant

**$974K** Grant

- **First round:** Seed, $150K
- **Biggest round:** $1.2M
- **Usual gap between rounds:** 20 months

## The rounds

- **Apr 2026** Grant **$974K** *2 returning* [Third Derivative](https://millionrounds.com/fund/third-derivative) [Massachusetts Clean Energy Center](https://millionrounds.com/fund/massachusetts-clean-energy-center) Source recorded
- **Aug 2024** Grant **$335K** *1 new* *1 returning* [Third Derivative](https://millionrounds.com/fund/third-derivative) [Massachusetts Clean Energy Center](https://millionrounds.com/fund/massachusetts-clean-energy-center) Source recorded
- **Oct 2013** Seed **$250K** No investor was named in the report. From a historical funding record
- **May 2013** Seed **$150K** *1 new* [Massachusetts Clean Energy Center](https://millionrounds.com/fund/massachusetts-clean-energy-center) From a historical funding record
- **Aug 2010** Seed **$1.2M** *1 returning* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) From a historical funding record
- **Nov 2009** Seed **$150K** *1 new* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) From a historical funding record

## Founders and team

From Embue's own website: 2 founders, 3 on the team.

**Larry Genovesi** Founder, COO & CTO

**Maryellen Edwards** Co-founder & VP, Marketing

- **Gardner Oleson** Chief Financial Officer
- **Peter Pavlovich** Chief Software Technology Officer
- **Marc Emmons** VP of Sales

## 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.

**Seed** 2009 **Seed** 2010 **Seed** 2013 **Seed** 2013 **Grant** 2024 **Grant** 2026 [Massachusetts Clean Energy Center](https://millionrounds.com/fund/massachusetts-clean-energy-center) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Third Derivative](https://millionrounds.com/fund/third-derivative)

## Everyone who backed them

[Massachusetts Clean Energy Center](https://millionrounds.com/fund/massachusetts-clean-energy-center) VC firm **3** rounds

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **2** rounds

[Third Derivative](https://millionrounds.com/fund/third-derivative) Accelerator **2** rounds

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

## Also claim to have backed them

These 2 firms list Embue as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Avesta Fund](https://millionrounds.com/fund/avesta-fund) VC firm Per its own site

[Lotus Venture Partners](https://millionrounds.com/fund/lotus-venture-partners) VC firm Per its own site

## Quick answers about Embue

### Who invested in Embue?

Embue's investors include Massachusetts Clean Energy Center, US Department of Energy and Third Derivative.

### How much has Embue raised?

Embue has raised $3.1M across 6 rounds since 2009.

### When did Embue last raise?

Embue's most recent round was a Grant of $974K in Apr 2026.

### What was Embue's biggest round?

Embue's largest round on record is $1.2M (Seed), in Aug 2010.

### Who backed Embue first?

Embue's first round on record, in Nov 2009, was backed by US Department of Energy.

### What stage is Embue at?

Embue's latest named round is a Grant, in Apr 2026.

### Where is Embue based?

Embue is based in the United States.

## Companies like Embue

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Prism Data** $25M · Oct 2026](https://millionrounds.com/company/prism-data)[**Homa** $5.0M · Oct 2026](https://millionrounds.com/company/homa)

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