Sweden · Funded startup

Who invested in Modvion

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.

CleantechEnergy

Raised 12 months ago

Funding summaryUpdated 5 Nov 2026

$52Mraised across 2 rounds since 2024, from 2 sources

$6.4MVenture$46MGrant
Latest round
Grant, $46MNov 2025
Step-upi
7.1×
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.

2025
$6.4MVenture$46MGrant
First round
Venture, $6.4M
Jun 2024
Biggest round
$46M
Grant · Nov 2025
Between rounds
17 months
from the last two

The rounds

  1. Nov 2025
  2. Jun 2024

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.

Everyone who backed them

MassChallengeAccelerator2rounds
EIC AcceleratorGovernment2rounds
Chalmers Ventures ABVC firm2rounds
EISMEAInvestment firm1round
European CommissionVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 3 firms list Modvion 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.

Course CorrectedVC firmPer its own site
Symbia VCVC firmPer its own site
Sustainable Energy Angels ABAngel networkPer its own site

Quick answers about Modvion

Who invested in Modvion?

Modvion's investors include MassChallenge, EIC Accelerator, Chalmers Ventures AB, EISMEA and European Commission, and 1 more on record.

How much has Modvion raised?

Modvion has raised $52M across 2 rounds since 2024.

When did Modvion last raise?

Modvion's most recent round was a Grant of $46M in Nov 2025.

What was Modvion's biggest round?

Its most recent round, $46M in Nov 2025, is also its largest on record.

Who backed Modvion first?

Modvion's first round on record, in Jun 2024, was backed by MassChallenge, EIC Accelerator and EASME - EU Executive Agency for SMEs and 1 others.

What stage is Modvion at?

Modvion's latest named round is a Grant, in Nov 2025.

Where is Modvion based?

Modvion is based in Sweden.

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