# Encina funding: rounds and investors

> Encina has raised $60M across 2 rounds since 2022. Investors include Y Combinator and IMM Investment. Every round with its source.

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

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

# Who invested in *Encina*

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.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$60M** raised across 2 rounds since 2022, from 2 sources

**$55M** Venture **$4.7M** Series B

- **Latest round:** Series B, $4.7M Aug 2023
- **Biggest round:** $55M Venture · Mar 2022
- **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.

2023

**$55M** Venture

**$4.7M** Series B

- **First round:** Venture, $55M
- **Biggest round:** $55M
- **Between rounds:** 17 months

## The rounds

- **Aug 2023** Series B **$4.7M** *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [IMM Investment](https://millionrounds.com/fund/imm-investment-corp) Source recorded
- **Mar 2022** Venture **$55M** *2 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [IMM Investment](https://millionrounds.com/fund/imm-investment-corp) Source recorded

## Founders and team

From Encina's own website: 9 on the team.

- **Carlo Badiola** President, Engineering & Technology
- **Shirley Hammond** President, Engineering & Technology
- **Caitlyn Labonte** Senior Project Manager
- **Christine Padalino** Technology Engineer
- **Corbin White** Sales and Marketing Manager
- **Michael Marr** Director of Government Relations & Compliance
- **Samantha Albright** Director of Sustainable Technology
- **Song Wang** Technology Team Lead
- **Wes Stringfellow** Project Director

## 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** 2022 **Series B** 2023 [Y Combinator](https://millionrounds.com/fund/y-combinator) [IMM Investment](https://millionrounds.com/fund/imm-investment-corp)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[IMM Investment](https://millionrounds.com/fund/imm-investment-corp) VC firm **2** rounds

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

## Quick answers about Encina

### Who invested in Encina?

Encina's investors include Y Combinator and IMM Investment.

### How much has Encina raised?

Encina has raised $60M across 2 rounds since 2022.

### When did Encina last raise?

Encina's most recent round was a Series B of $4.7M in Aug 2023.

### What was Encina's biggest round?

Encina's largest round on record is $55M (Venture), in Mar 2022.

### Who backed Encina first?

Encina's first round on record, in Mar 2022, was backed by Y Combinator and IMM Investment.

### What stage is Encina at?

Encina's latest named round is a Series B, in Aug 2023.

### Where is Encina based?

Encina is based in the United States.

## Companies like Encina

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

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

## Find investors like these

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