# FESCO Energy funding: rounds and investors

> FESCO Energy has raised $12M across 1 round since 2023. Investors include US Department of Energy. Every round with its source.

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

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

# Who invested in *FESCO Energy*

One round we have observed, with the one investor 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

**$12M** raised across 1 round since 2023, from 1 source

- **Latest round:** Grant, $12M Jun 2023
- **Investors:** 1

See who backed them

## The rounds

- **Jun 2023** Grant **$12M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded

## Founders and team

From FESCO Energy's own website: 4 on the team.

- **Aldric Seguin** Chairman & CEO
- **Pete Scarpelli** CFO
- **Aaron Smith** Executive VP & General Manager
- **Kara Thomas** Director Business Development

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

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

## Quick answers about FESCO Energy

### Who invested in FESCO Energy?

FESCO Energy's investors include US Department of Energy.

### How much has FESCO Energy raised?

FESCO Energy has raised $12M across 1 round since 2023.

### When did FESCO Energy last raise?

FESCO Energy's most recent round was a Grant of $12M in Jun 2023.

### What was FESCO Energy's biggest round?

Its most recent round, $12M in Jun 2023, is also its largest on record.

### Who backed FESCO Energy first?

FESCO Energy's first round on record, in Jun 2023, was backed by US Department of Energy.

### What stage is FESCO Energy at?

FESCO Energy's latest named round is a Grant, in Jun 2023.

### Where is FESCO Energy based?

FESCO Energy is based in the United States.

## Companies like FESCO Energy

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

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app