# LiquidPiston funding: rounds and investors

> LiquidPiston has raised $22M across 6 rounds since 2007. Investors include Adams Capital Management and Northwater Capital. Every round with its source.

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

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

# Who invested in *LiquidPiston*

6 rounds we have observed, with the 2 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.

Automotive & EVs

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$22M** raised across 6 rounds since 2007, from 6 sources

**$1.8M** Series A **$6.5M** Growth **$5.0M** Series B **$1.5M** Series B **$6.5M** Series C **$500K** Round

- **Latest round:** Round, $500K Mar 2026
- **Biggest round:** $6.5M Series C · Jul 2013
- **Investors:** 2

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.

2007 2010 2013 2016 2019 2022 2025

**$1.8M** Series A

**$6.5M** Growth

**$5.0M** Series B

**$6.5M** Series C

**$500K** Round

- **First round:** Series A, $1.8M
- **Biggest round:** $6.5M
- **Usual gap between rounds:** 3.5 years

## The rounds

- **Mar 2026** Round **$500K** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $500K sold, first sale Mar 2026
- **Jul 2013** Series C **$6.5M** *2 returning* [Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) [Northwater Capital](https://millionrounds.com/fund/northwater-capital) Reported by finsmes.com SEC filing: $2.3M sold, first sale Jun 2013
- **Dec 2011** Series B **$1.5M** No investor was named in the report. Reported by masshightech.com SEC filing: $6.5M sold, first sale Jan 2011
- **Jan 2011** Series B **$5.0M** *1 new* *1 returning* [Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) [Northwater Capital](https://millionrounds.com/fund/northwater-capital) Reported by finsmes.com SEC filing: $2.2M sold, first sale Jan 2011
- **Jan 2011** Growth **$6.5M** No investor was named in the report. Reported by sec.gov SEC filing: $2.2M sold, first sale Jan 2011
- **Jul 2007** Series A **$1.8M** *1 new* [Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) Reported by deals.venturebeat.com

## Funding filed with regulators

LiquidPiston filed 4 raises, $7.9M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2024 **$4.9M** common stock of $5.0M offered Crowdfunding
- Apr 2020 **$1.1M** common stock of $1.1M offered Crowdfunding
- Dec 2019 **$1000K** other of $1.0M offered Crowdfunding
- Dec 2019 **$888K** other of $1.1M offered Crowdfunding

## 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** 2007 **Growth** 2011 **Series B** 2011 **Series B** 2011 **Series C** 2013 **Round** 2026 [Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) [Northwater Capital](https://millionrounds.com/fund/northwater-capital)

## Everyone who backed them

[Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) VC firm **3** rounds

[Northwater Capital](https://millionrounds.com/fund/northwater-capital) VC firm **2** rounds

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

## Also claim to have backed them

These 2 firms list LiquidPiston 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.

[Colle Capital Partners](https://millionrounds.com/fund/colle-capital) VC firm Per its own site

[Yasar Corporation](https://millionrounds.com/fund/yasar-corporation) VC firm Per its own site

## Quick answers about LiquidPiston

### Who invested in LiquidPiston?

LiquidPiston's investors include Adams Capital Management and Northwater Capital.

### How much has LiquidPiston raised?

LiquidPiston has raised $22M across 6 rounds since 2007.

### When did LiquidPiston last raise?

LiquidPiston's most recent round, $500K, was in Mar 2026.

### What was LiquidPiston's biggest round?

LiquidPiston's largest round on record is $6.5M (Series C), in Jul 2013.

### Who backed LiquidPiston first?

LiquidPiston's first round on record, in Jul 2007, was backed by Adams Capital Management.

### What stage is LiquidPiston at?

LiquidPiston's latest named round is a Series C, in Jul 2013.

### Where is LiquidPiston based?

LiquidPiston is based in the United States.

## Companies like LiquidPiston

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

[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)[**Waymo** $27B · Oct 2026](https://millionrounds.com/company/waymo)[**Flai** $32M · Oct 2026](https://millionrounds.com/company/flai)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Simple Energy** $199M · Sept 2026](https://millionrounds.com/company/simple-energy)

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