# Exergyn funding: rounds and investors

> Exergyn has raised $2.8M across 2 rounds since 2014. Investors include EISMEA, Keiretsu Forum and NDRC. Every round with its source.

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

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

# Who invested in *Exergyn*

2 rounds we have observed, with the 4 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.

Cleantech

Funding summary Updated 26 Oct 2026

**$2.8M** raised across 2 rounds since 2014, from 2 sources

**$129K** Seed **$2.7M** Grant

- **Latest round:** Grant, $2.7M Sept 2025
- **Step-up i:** 21×
- **Investors:** 4

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.

2014 2016 2018 2020 2022 2024

**$129K** Seed

**$2.7M** Grant

- **First round:** Seed, $129K
- **Biggest round:** $2.7M
- **Between rounds:** 11.4 years

## The rounds

- **Sept 2025** Grant **$2.7M** *3 new* [EISMEA](https://millionrounds.com/fund/eismea) [Keiretsu Forum](https://millionrounds.com/fund/keiretsu-forum) [Mercuri VC](https://millionrounds.com/fund/mercuri) Source recorded
- **Apr 2014** Seed **$129K** *1 new* [NDRC](https://millionrounds.com/fund/ndrc) From a historical funding record

## Founders and team

From Exergyn's own website: 1 founder, 6 on the team.

**Kevin O'Toole** Co-Founder & CTO

- **Mark Connolly** Chief Operating Officer
- **Pamela Kavanagh** Chief People Officer
- **Dr Jan Pilch** Head of SMA and R&D
- **Gavin Jones** Head of Finance
- **Mark Jervis** Head of Research and Development
- **Dr. Mohammad A. Zaidi** Chairman

## 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** 2014 **Grant** 2025 [EISMEA](https://millionrounds.com/fund/eismea) [Keiretsu Forum](https://millionrounds.com/fund/keiretsu-forum) [NDRC](https://millionrounds.com/fund/ndrc) [Mercuri VC](https://millionrounds.com/fund/mercuri)

## Everyone who backed them

[EISMEA](https://millionrounds.com/fund/eismea) Investment firm **1** round

[Keiretsu Forum](https://millionrounds.com/fund/keiretsu-forum) Angel network **1** round

[NDRC](https://millionrounds.com/fund/ndrc) Accelerator **1** round

[Mercuri VC](https://millionrounds.com/fund/mercuri) VC firm **1** round

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

## Also claim to have backed them

This firm lists Exergyn 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.

[Sage Enterprises](https://millionrounds.com/fund/sage-enterprises) Incubator Per its own site

## Quick answers about Exergyn

### Who invested in Exergyn?

Exergyn's investors include EISMEA, Keiretsu Forum, NDRC and Mercuri VC.

### How much has Exergyn raised?

Exergyn has raised $2.8M across 2 rounds since 2014.

### When did Exergyn last raise?

Exergyn's most recent round was a Grant of $2.7M in Sept 2025.

### What was Exergyn's biggest round?

Its most recent round, $2.7M in Sept 2025, is also its largest on record.

### Who backed Exergyn first?

Exergyn's first round on record, in Apr 2014, was backed by NDRC.

### What stage is Exergyn at?

Exergyn's latest named round is a Grant, in Sept 2025.

### Where is Exergyn based?

Exergyn is based in Ireland.

## Companies like Exergyn

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

[**Gazelle Wind Power** $1.7M · Jul 2025](https://millionrounds.com/company/gazelle-wind-power)[**UrbanVolt** $144M · May 2025](https://millionrounds.com/company/urbanvolt)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)

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