# Highland Materials funding: rounds and investors

> Highland Materials has raised $256M across 1 round since 2024. Investors include US Department of Energy. Every round with its source.

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

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

# Who invested in *Highland Materials*

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.

Art & Design Manufacturing

Funding summary Updated 26 Oct 2026

**$256M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $256M Apr 2024
- **Investors:** 1

See who backed them

## The rounds

- **Apr 2024** Grant **$256M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded

## Founders and team

From Highland Materials's own website: 6 on the team.

- **Richard Rast** CEO
- **Alain Turenne** Chief Technology Officer
- **David A. Golden** Board Member
- **Monica Engler** Controller / Business Manager
- **Sigurgeir Tryggvason** Board Member
- **Terry Jester** Chairman of the Board

Advisers *Clemens Hofbauer*

## 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=highland-materials).

## Quick answers about Highland Materials

### Who invested in Highland Materials?

Highland Materials's investors include US Department of Energy.

### How much has Highland Materials raised?

Highland Materials has raised $256M across 1 round since 2024.

### When did Highland Materials last raise?

Highland Materials's most recent round was a Grant of $256M in Apr 2024.

### What was Highland Materials's biggest round?

Its most recent round, $256M in Apr 2024, is also its largest on record.

### Who backed Highland Materials first?

Highland Materials's first round on record, in Apr 2024, was backed by US Department of Energy.

### What stage is Highland Materials at?

Highland Materials's latest named round is a Grant, in Apr 2024.

### Where is Highland Materials based?

Highland Materials is based in the United States.

## Companies like Highland Materials

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

[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Origin** $121M · Oct 2026](https://millionrounds.com/company/origin)[**Jeevy Fabrication** Oct 2026](https://millionrounds.com/company/jeevy-fabrication)

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