# ETZ funding: rounds and investors

> ETZ has raised $23M across 1 round since 2025. Investors include Scottish Enterprise and UK government. Every round with its source.

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

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

# Who invested in *ETZ*

One round we have observed, with the 2 investors named in it. 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

**$23M** raised across 1 round since 2025, from 1 source

- **Latest round:** Grant, $23M Oct 2025
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2025** Grant **$23M** [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [UK government](https://millionrounds.com/fund/uk-government) Source recorded

## Everyone who backed them

[Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) Government **1** round

[UK government](https://millionrounds.com/fund/uk-government) Government **1** round

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

## Also claim to have backed them

This firm lists ETZ as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Acacia Digital](https://millionrounds.com/fund/acacia-digital) Corporate VC Per its own site

## Quick answers about ETZ

### Who invested in ETZ?

ETZ's investors include Scottish Enterprise and UK government.

### How much has ETZ raised?

ETZ has raised $23M across 1 round since 2025.

### When did ETZ last raise?

ETZ's most recent round was a Grant of $23M in Oct 2025.

### What was ETZ's biggest round?

Its most recent round, $23M in Oct 2025, is also its largest on record.

### Who backed ETZ first?

ETZ's first round on record, in Oct 2025, was backed by Scottish Enterprise and UK government.

### What stage is ETZ at?

ETZ's latest named round is a Grant, in Oct 2025.

### Where is ETZ based?

ETZ is based in the United Kingdom.

## Companies like ETZ

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

[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)

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