# Lunewave funding: rounds and investors

> Lunewave has raised $12M across 2 rounds since 2018. Investors include National Science Foundation, Baidu Ventures and Third Sphere.

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

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

# Who invested in *Lunewave*

2 rounds we have observed, with the 6 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 Logistics

Funding summary Updated 26 Oct 2026

**$12M** raised across 2 rounds since 2018, from 2 sources

**$5.0M** Seed **$7.0M** Series A

- **Latest round:** Series A, $7.0M Nov 2020
- **Step-up i:** 1.4×
- **Investors:** 6

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.

2019 2020

**$5.0M** Seed

**$7.0M** Series A

- **First round:** Seed, $5.0M
- **Biggest round:** $7.0M
- **Between rounds:** 2.1 years

## The rounds

- **Nov 2020** Series A **$7.0M** *4 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) [Third Sphere](https://millionrounds.com/fund/third-sphere) [Foothill Ventures](https://millionrounds.com/fund/foothill-ventures) Source recorded
- **Sept 2018** Seed **$5.0M** *2 new* [Baidu](https://millionrounds.com/fund/baidu) Fraser McCombs Capital/ BMW i Reported by FinSMEs

## 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** 2018 **Series A** 2020 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) [Third Sphere](https://millionrounds.com/fund/third-sphere) [Foothill Ventures](https://millionrounds.com/fund/foothill-ventures) [Baidu](https://millionrounds.com/fund/baidu) Fraser McCombs Capital/ BMW i

## Everyone who backed them

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

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

[Third Sphere](https://millionrounds.com/fund/third-sphere) VC firm **1** round

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

[Baidu](https://millionrounds.com/fund/baidu) Investment firm **1** round

Fraser McCombs Capital/ BMW i no record of our own yet **1** round

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

## Also claim to have backed them

These 4 firms list Lunewave 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.

[BMW i Ventures](https://millionrounds.com/fund/bmw-i-ventures) Corporate VC Per its own site

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

[Blue 9 Capital](https://millionrounds.com/fund/blue-9-capital) Family office Per its own site

[MIT Alumni Angels New York](https://millionrounds.com/fund/mit-alumni-angels-new-york) Angel network Per its own site

## Quick answers about Lunewave

### Who invested in Lunewave?

Lunewave's investors include National Science Foundation, Baidu Ventures, Third Sphere, Foothill Ventures and Baidu, and 1 more on record.

### How much has Lunewave raised?

Lunewave has raised $12M across 2 rounds since 2018.

### When did Lunewave last raise?

Lunewave's most recent round was a Series A of $7.0M in Nov 2020.

### What was Lunewave's biggest round?

Its most recent round, $7.0M in Nov 2020, is also its largest on record.

### Who backed Lunewave first?

Lunewave's first round on record, in Sept 2018, was backed by Baidu and Fraser McCombs Capital/ BMW i.

### What stage is Lunewave at?

Lunewave's latest named round is a Series A, in Nov 2020.

### Where is Lunewave based?

Lunewave is based in the United States.

## Companies like Lunewave

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

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DashFuel** Oct 2026](https://millionrounds.com/company/dashfuel)[**Truck Parking Club** Oct 2026](https://millionrounds.com/company/truck-parking-club)[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)

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