# Fourth Power funding: rounds and investors

> Fourth Power has raised $39M across 2 rounds since 2023. Investors include DCVC, Breakthrough Energy and Munich Re Ventures. Every round with its source.

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

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

# Who invested in *Fourth Power*

2 rounds we have observed, with the 3 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.

Energy

Funding summary Updated 26 Oct 2026

**$39M** raised across 2 rounds since 2023, from 2 sources

**$19M** Series A **$20M** Series A

- **Latest round:** Series A, $20M Sept 2025
- **Investors:** 3

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.

2024 2025

**$19M** Series A

**$20M** Series A

- **First round:** Series A, $19M
- **Biggest round:** $20M
- **Between rounds:** 21 months

## The rounds

- **Sept 2025** Series A **$20M** *1 new* *2 returning* [DCVC](https://millionrounds.com/fund/data-collective) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures) Source recorded
- **Dec 2023** Series A **$19M** *2 new* [DCVC](https://millionrounds.com/fund/data-collective) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) Source recorded

## Founders and team

From Fourth Power's own website: 1 founder, 2 on the team.

**Arvin Ganesan** Ph.D., Founder & Chief Technologist

- **Alex Elliott** VP of Corporate Affairs
- **Christina Belsito** VP of Corporate Affairs

## 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 A** 2023 **Series A** 2025 [DCVC](https://millionrounds.com/fund/data-collective) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures)

## Everyone who backed them

[DCVC](https://millionrounds.com/fund/data-collective) VC firm **2** rounds

[Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **2** rounds

[Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures) Corporate VC **1** round

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

## Quick answers about Fourth Power

### Who invested in Fourth Power?

Fourth Power's investors include DCVC, Breakthrough Energy and Munich Re Ventures.

### How much has Fourth Power raised?

Fourth Power has raised $39M across 2 rounds since 2023.

### When did Fourth Power last raise?

Fourth Power's most recent round was a Series A of $20M in Sept 2025.

### What was Fourth Power's biggest round?

Its most recent round, $20M in Sept 2025, is also its largest on record.

### Who backed Fourth Power first?

Fourth Power's first round on record, in Dec 2023, was backed by DCVC and Breakthrough Energy.

### What stage is Fourth Power at?

Fourth Power's latest named round is a Series A, in Sept 2025.

### Where is Fourth Power based?

Fourth Power is based in the United States.

## Companies like Fourth Power

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)

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