# Helion Energy funding: rounds and investors

> Helion Energy has raised $437M across 3 rounds since 2014. Investors include Y Combinator, Mithril Capital Management and Lightspeed Venture Partners.

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

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

# Who invested in *Helion Energy*

3 rounds we have observed, with the 11 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 Energy

Valuation: $5.4B, Mar 2026 Y Combinator: S14

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Funding summary Updated 15 Nov 2026

**$437M** raised across 3 rounds since 2014, from 5 sources

**$1.5M** Seed **$11M** Venture **$425M** Series F

- **Latest round:** Series F, $425M Jan 2025
- **Step-up i:** 40×
- **Investors:** 11

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

**$1.5M** Seed

**$11M** Venture

**$425M** Series F

- **First round:** Seed, $1.5M
- **Biggest round:** $425M
- **Usual gap between rounds:** 9.6 years

## The rounds

- **Jan 2025** Series F **$425M** *9 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Sam Altman](https://millionrounds.com/fund/sam-altman) [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [SoftBank Vision Fund 2](https://millionrounds.com/fund/softbank-vision-fund-2) [Dustin Moskovitz](https://millionrounds.com/fund/dustin-moskovitz) [Good Ventures](https://millionrounds.com/fund/good-ventures) [Nucor Corp](https://millionrounds.com/fund/nucor-corp) Reported by Crunchbase News and 2 others
- **Jul 2015** Venture **$11M** No investor was named in the report. From a historical funding record SEC filing: $11M sold, first sale Jun 2015
- **Aug 2014** Seed **$1.5M** *2 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) From a historical funding record SEC filing: $1.5M sold, first sale Jul 2014

## Funding filed with regulators

Helion Energy filed 2 raises, $12M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2015 **$11M** 6 investors equity of $21M offered SEC Form D
- Jul 2014 **$1.5M** 3 investors equity SEC Form D

## Founders and team

From Helion Energy's own website and the SEC filings it signed: 4 founders, 5 on the team.

**David Kirtley** Co-founder & CEO *Named on its 2015 Form D*

**Chris Pihl** Co-Founder & CTO

**George Votroubek** Co-Founder & Chief Scientist

**Anthony Pancotti** Co-founder

- **Prag Jain** Chief Financial Officer
- **Savanna Thompson** Chief Business Operations Officer
- **Lynn Miller** General Counsel
- **Christopher Pihl** Executive Officer, Director i
- **John Slough** Executive Officer, Director i

On the board, as filed i *Ajay Royan* *Sam Altman*

## 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 **Venture** 2015 **Series F** 2025 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Sam Altman](https://millionrounds.com/fund/sam-altman) [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) [SoftBank Vision Fund 2](https://millionrounds.com/fund/softbank-vision-fund-2) [Dustin Moskovitz](https://millionrounds.com/fund/dustin-moskovitz) [Good Ventures](https://millionrounds.com/fund/good-ventures)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Mithril Capital Management](https://millionrounds.com/fund/mithril-capital-management) VC firm **2** rounds

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round

[SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round

[SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round

[Sam Altman](https://millionrounds.com/fund/sam-altman) Angel **1** round

[Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) Family office **1** round

[SoftBank Vision Fund 2](https://millionrounds.com/fund/softbank-vision-fund-2) Growth equity **1** round

[Dustin Moskovitz](https://millionrounds.com/fund/dustin-moskovitz) Angel **1** round

[Good Ventures](https://millionrounds.com/fund/good-ventures) VC firm **1** round

[Nucor Corp](https://millionrounds.com/fund/nucor-corp) Growth equity **1** round

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

## Also claim to have backed them

These 2 firms list Helion 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.

[ANTI FUND](https://millionrounds.com/fund/anti-fund) VC firm Per its own site

[Unmatched Ventures](https://millionrounds.com/fund/unmatched-ventures) VC firm Per its own site

## Quick answers about Helion Energy

### Who invested in Helion Energy?

Helion Energy's investors include Y Combinator, Mithril Capital Management, Lightspeed Venture Partners, SoftBank and SoftBank Vision Fund, and 6 more on record.

### How much has Helion Energy raised?

Helion Energy has raised $437M across 3 rounds since 2014.

### When did Helion Energy last raise?

Helion Energy's most recent round was a Series F of $425M in Jan 2025.

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

Its most recent round, $425M in Jan 2025, is also its largest on record.

### Who backed Helion Energy first?

Helion Energy's first round on record, in Aug 2014, was backed by Y Combinator and Mithril Capital Management.

### What stage is Helion Energy at?

Helion Energy's latest named round is a Series F, in Jan 2025.

### Where is Helion Energy based?

Helion Energy is based in the United States.

## Companies like Helion Energy

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

[**Soofa** Nov 2026](https://millionrounds.com/company/soofa)[**New ERA Energy & Digital** $354M · Nov 2026](https://millionrounds.com/company/new-era-energy-and-digital)[**Torus** $739M · Nov 2026](https://millionrounds.com/company/torus)[**Coreshell Technologies** $54M · Nov 2026](https://millionrounds.com/company/coreshell-technologies)[**Atomarine** $20M · Nov 2026](https://millionrounds.com/company/atomarine)[**Reflect Orbital** $94M · Nov 2026](https://millionrounds.com/company/reflect-orbital)

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