# Li Industries funding: rounds and investors

> Li Industries has raised $55M across 1 round since 2024. Investors include National Science Foundation, Khosla Ventures and Bosch Ventures.

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

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

# Who invested in *Li Industries*

One round we have observed, with the 3 investors 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.

Chemicals & Materials

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Funding summary Updated 27 Oct 2026

**$55M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $55M Sept 2024
- **Investors:** 3

See who backed them

## The rounds

- **Sept 2024** Grant **$55M** [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures) Source recorded SEC filing: $36M sold, first sale May 2024

## Founders and team

From Li Industries's own website and the SEC filings it signed: 2 founders, 5 on the team.

**Nolan Schmidt** Co-founder & President *Named on its 2024 Form D*

**David Young** ‍ Co-founder & CTO *Named on its 2024 Form D*

- **Zheng Li** Mr. Li is the Chief Executive Officer of the Issuer. i
- **Gale Clark** Chief Commercial Officer
- **Thomas Mistretta** Chief Operating Officer
- **Gholamali Farhadi** Mr. Farhadi is the Chief Operating Officer of the Issuer. i
- **Xu ""Henry"" Han** Mr. Han is the Chief Financial Officer of the Issuer. i

On the board, as filed i *Adam Jackson* *Rajesh Swaminathan*

Advisers *Carl Smith*

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

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

[Bosch Ventures](https://millionrounds.com/fund/bosch-ventures) Corporate VC **1** round

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

## Quick answers about Li Industries

### Who invested in Li Industries?

Li Industries's investors include National Science Foundation, Khosla Ventures and Bosch Ventures.

### How much has Li Industries raised?

Li Industries has raised $55M across 1 round since 2024.

### When did Li Industries last raise?

Li Industries's most recent round was a Grant of $55M in Sept 2024.

### What was Li Industries's biggest round?

Its most recent round, $55M in Sept 2024, is also its largest on record.

### Who backed Li Industries first?

Li Industries's first round on record, in Sept 2024, was backed by National Science Foundation, Khosla Ventures and Bosch Ventures.

### What stage is Li Industries at?

Li Industries's latest named round is a Grant, in Sept 2024.

### Where is Li Industries based?

Li Industries is based in the United States.

## Companies like Li Industries

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

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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