# Hyliion funding: rounds and investors > Hyliion has raised $27M across 2 rounds since 2017. Investors include US Department of Energy, Colle Capital Partners and Axioma Ventures. Source: https://millionrounds.com/company/hyliion (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Hyliion* 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. Cleantech Funding summary Updated 26 Oct 2026 **$27M** raised across 2 rounds since 2017, from 2 sources **$21M** Series A **$6.0M** Grant - **Latest round:** Grant, $6.0M Dec 2024 - **Biggest round:** $21M Series A · Sept 2017 - **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. 2018 2019 2020 2021 2022 2023 2024 **$21M** Series A **$6.0M** Grant - **First round:** Series A, $21M - **Biggest round:** $21M - **Between rounds:** 7.2 years ## The rounds - **Dec 2024** Grant **$6.0M** *2 new* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Colle Capital Partners](https://millionrounds.com/fund/colle-capital) Source recorded - **Sept 2017** Series A **$21M** *1 new* [Axioma Ventures](https://millionrounds.com/fund/axioma-ventures) Reported by FinSMEs SEC filing: $3.3M sold, first sale Aug 2017 ## Founders and team From Hyliion's own website and the SEC filings it signed: 1 founder, 3 on the team. **Thomas Healy** CEO and Founder *Named on its 2019 Form D* - **Jon Panzer** Chief Financial Officer - **Jose Oxholm** Chief Legal & Compliance Officer - **Josh Mook** Chief Technology Officer ## 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** 2017 **Grant** 2024 [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Colle Capital Partners](https://millionrounds.com/fund/colle-capital) [Axioma Ventures](https://millionrounds.com/fund/axioma-ventures) ## Everyone who backed them [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round [Colle Capital Partners](https://millionrounds.com/fund/colle-capital) VC firm **1** round [Axioma Ventures](https://millionrounds.com/fund/axioma-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=hyliion). ## Quick answers about Hyliion ### Who invested in Hyliion? Hyliion's investors include US Department of Energy, Colle Capital Partners and Axioma Ventures. ### How much has Hyliion raised? Hyliion has raised $27M across 2 rounds since 2017. ### When did Hyliion last raise? Hyliion's most recent round was a Grant of $6.0M in Dec 2024. ### What was Hyliion's biggest round? Hyliion's largest round on record is $21M (Series A), in Sept 2017. ### Who backed Hyliion first? Hyliion's first round on record, in Sept 2017, was backed by Axioma Ventures. ### What stage is Hyliion at? Hyliion's latest named round is a Grant, in Dec 2024. ### Where is Hyliion based? Hyliion is based in the United States. ## Companies like Hyliion 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)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt) ## 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