# Form Energy funding: rounds and investors > Form Energy has raised $2.0B across 5 rounds since 2019. Investors include T. Rowe Price, Sequoia Capital and Coatue. Every round with its source. Source: https://millionrounds.com/company/form-energy (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Form Energy* 5 rounds we have observed, with the 25 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 Climate Tech Energy Raised 2 months ago Valuation: $1.0B, Oct 2024 Follow Form Energy and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fform-energy) Funding summary Updated 6 Nov 2026 **$2.0B** raised across 5 rounds since 2019, from 6 sources **$405M** Growth **$500M** Growth **$750M** Series G - **Latest round:** Debt, $270M Sept 2026 - **Biggest round:** $750M Series G · Aug 2026 - **Investors:** 25 (2 led) 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. 2020 2021 2022 2023 2024 2025 2026 **$40M** Series B **$405M** Growth **$500M** Growth **$750M** Series G **$270M** Debt - **First round:** Series B, $40M - **Biggest round:** $750M - **Usual gap between rounds:** 17 months ## The rounds - **Sept 2026** Debt **$270M** *2 new* *2 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Citibank](https://millionrounds.com/fund/citi) [Coatue](https://millionrounds.com/fund/coatue-management) [Temasek Holdings](https://millionrounds.com/fund/temasek) Source recorded - **Aug 2026** Series G **$750M** *17 new* *3 returning* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Coatue](https://millionrounds.com/fund/coatue-management) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) [Engine Ventures](https://millionrounds.com/fund/engine-ventures) [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) [Dustin Moskovitz](https://millionrounds.com/fund/dustin-moskovitz) [NGP](https://millionrounds.com/fund/ngp) [Peak 6](https://millionrounds.com/fund/peak-6) [Gigascale Capital](https://millionrounds.com/fund/gigascale-capital) [Janus Henderson](https://millionrounds.com/fund/janus-henderson) [Capricorn's Technology Impact Funds](https://millionrounds.com/fund/capricorn-s-technology-impact-funds) [GE Vernova](https://millionrounds.com/fund/ge-vernova) [M&G Catalyst Fund](https://millionrounds.com/fund/m-and-g-catalyst-fund) [Blindspot Ventures](https://millionrounds.com/fund/blindspot-ventures) [Cari Tuna](https://millionrounds.com/fund/cari-tuna) [TPG Rise](https://millionrounds.com/fund/tpg-rise) [TPG Rise Climate](https://millionrounds.com/fund/tpg-rise-climate) Reported by TechCrunch and 1 other - **Mar 2026** Growth **$500M** No investor was named in the report. Reported by TechCrunch - **Oct 2024** Growth **$405M** *1 new* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Lead Reported by Crunchbase News - **Aug 2019** Series B **$40M** *5 new* [Eni Next](https://millionrounds.com/fund/eni-next) Lead [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) [Macquarie Group](https://millionrounds.com/fund/macquarie-capital) MIT’s The Engine Reported by FinSMEs SEC filing: $40M sold, first sale Aug 2019 ## Funding filed with regulators Form Energy filed 5 raises, $608M in all. Filings say how much was sold and to how many investors; they never name the investors. - Sept 2022 **$335M** 18 investors equity of $452M offered SEC Form D - Jul 2021 **$155M** 17 investors equity of $200M offered SEC Form D - Aug 2020 **$76M** 19 investors equity SEC Form D - Aug 2019 **$40M** 9 investors equity SEC Form D - Feb 2018 **$1.6M** 12 investors equity SEC Form D ## Founders and team From the SEC filings it signed: 2 on the team. - **Mateo Jaramillo** Executive Officer, Director i - **Theodore Wiley** Executive Officer, Director i On the board, as filed i *David Thomas Danielson* *Gabriel Kra* *Jaimin J. Rangwalla* *Katie Rae* *Lorenzo J. Siciliano* *Marc J. Mezvinsky* *Michael Skelly* *Philip J. Deutch* ## 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. **Series B** 2019 **Growth** 2024 **Growth** 2026 **Series G** 2026 **Debt** 2026 [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) L L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Coatue](https://millionrounds.com/fund/coatue-management) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) [Eni Next](https://millionrounds.com/fund/eni-next) L [Citibank](https://millionrounds.com/fund/citi) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) ## Everyone who backed them [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **2** rounds, led 2 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **2** rounds [Coatue](https://millionrounds.com/fund/coatue-management) VC firm **2** rounds [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **2** rounds [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) VC firm **2** rounds [Eni Next](https://millionrounds.com/fund/eni-next) Company **1** round, led 1 [Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) VC firm **1** round [Engine Ventures](https://millionrounds.com/fund/engine-ventures) VC firm **1** round [Dustin Moskovitz](https://millionrounds.com/fund/dustin-moskovitz) Angel **1** round [Macquarie Group](https://millionrounds.com/fund/macquarie-capital) Investment bank **1** round [NGP](https://millionrounds.com/fund/ngp) Private equity **1** round [Peak 6](https://millionrounds.com/fund/peak-6) Corporate VC **1** round [Gigascale Capital](https://millionrounds.com/fund/gigascale-capital) VC firm **1** round [Janus Henderson](https://millionrounds.com/fund/janus-henderson) Hedge fund **1** round [Capricorn's Technology Impact Funds](https://millionrounds.com/fund/capricorn-s-technology-impact-funds) Investment firm **1** round [GE Vernova](https://millionrounds.com/fund/ge-vernova) Investment firm **1** round [M&G Catalyst Fund](https://millionrounds.com/fund/m-and-g-catalyst-fund) Investment firm **1** round [Blindspot Ventures](https://millionrounds.com/fund/blindspot-ventures) VC firm **1** round [Cari Tuna](https://millionrounds.com/fund/cari-tuna) Angel **1** round [TPG Rise](https://millionrounds.com/fund/tpg-rise) Private equity **1** round [TPG Rise Climate](https://millionrounds.com/fund/tpg-rise-climate) Private equity **1** round MIT’s The Engine no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=form-energy). ## Also claim to have backed them These 3 firms list Form Energy as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) VC firm Per its own site [VamosVentures](https://millionrounds.com/fund/vamos-ventures) VC firm Per its own site [Sleeping Bear Capital](https://millionrounds.com/fund/sleeping-bear-capital) Private equity Per its own site ## Quick answers about Form Energy ### Who invested in Form Energy? Form Energy's investors include T. Rowe Price, Sequoia Capital, Coatue, Breakthrough Energy and Prelude Ventures, and 20 more on record. ### How much has Form Energy raised? Form Energy has raised $2.0B across 5 rounds since 2019. ### When did Form Energy last raise? Form Energy's most recent round was a Debt of $270M in Sept 2026. ### What was Form Energy's biggest round? Form Energy's largest round on record is $750M (Series G), in Aug 2026, led by T. Rowe Price. ### Who backed Form Energy first? Form Energy's first round on record, in Aug 2019, was backed by Eni Next, Breakthrough Energy and Prelude Ventures and 2 others. ### What stage is Form Energy at? Form Energy's latest named round is a Debt, in Sept 2026. ### Where is Form Energy based? Form Energy is based in the United States. ### Who led Form Energy's rounds? Eni Next led the Series B in 2019; T. Rowe Price led the Growth in 2024. ## Companies like Form Energy In the same sector, and raised in the last eighteen months. [**Harbinger** $500M · Nov 2026](https://millionrounds.com/company/harbinger)[**Uranium Digital** $23M · Nov 2026](https://millionrounds.com/company/uranium-digital)[**Circularity Fuels** $15M · Nov 2026](https://millionrounds.com/company/circularity-fuels)[**Group14 Technologies** $632M · Oct 2026](https://millionrounds.com/company/group14-technologies)[**Mammoth Energy Services** $58M · Oct 2026](https://millionrounds.com/company/mammoth-energy-services)[**DMC Biotechnologies** $19M · Oct 2026](https://millionrounds.com/company/dmc-biotechnologies) ## 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