# Faradion funding: rounds and investors

> Faradion has raised $70M across 2 rounds since 2017. Investors include Mercia Asset Management. Every round with its source.

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

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

# Who invested in *Faradion*

2 rounds we have observed, with the one investor 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

**$70M** raised across 2 rounds since 2017, from 2 sources

**$4.0M** Series B **$66M** Round

- **Latest round:** Round, $66M Jan 2022
- **Step-up i:** 16.4×
- **Investors:** 1

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.

2017 2018 2019 2020 2021 2022

**$4.0M** Series B

**$66M** Round

- **First round:** Series B, $4.0M
- **Biggest round:** $66M
- **Between rounds:** 5 years

## The rounds

- **Jan 2022** Round **$66M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Jan 2017** Series B **$4.0M** *1 new* [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) Source recorded

## Funding filed with regulators

Faradion filed one raise, $66M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jan 2022 **$66M** UK share allotment

## Founders and team

From Faradion's own website: 2 on the team.

- **Dr Ruth Sayers** Director
- **Dr. Chris Wright** Director

## Everyone who backed them

[Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) VC firm **1** round

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

## Quick answers about Faradion

### Who invested in Faradion?

Faradion's investors include Mercia Asset Management.

### How much has Faradion raised?

Faradion has raised $70M across 2 rounds since 2017.

### When did Faradion last raise?

Faradion's most recent round, $66M, was in Jan 2022.

### What was Faradion's biggest round?

Its most recent round, $66M in Jan 2022, is also its largest on record.

### Who backed Faradion first?

Faradion's first round on record, in Jan 2017, was backed by Mercia Asset Management.

### What stage is Faradion at?

Faradion's latest named round is a Series B, in Jan 2017.

### Where is Faradion based?

Faradion is based in the United Kingdom.

## Companies like Faradion

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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