United States · Series B startup

Who invested in mPower Technology

2 rounds we have observed, with the 4 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

Funding summaryUpdated 26 Oct 2026

$24Mraised across 2 rounds since 2019, from 3 sources

$2.5MSeries A$21MSeries B
Latest round
Series B, $21MMay 2025
Step-upi
8.4×
Investors
4
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.

202020212022202320242025
$2.5MSeries A$21MSeries B
First round
Series A, $2.5M
Oct 2019
Biggest round
$21M
Series B · May 2025
Between rounds
5.5 years
from the last two

The rounds

  1. May 2025
    Series B$21M3 new

    Source recorded and 1 otherSEC filing: $21M sold, first sale Apr 2025

  2. Oct 2019
    Series A$2.5M1 new

    Reported by FinSMEsSEC filing: $3.8M sold, first sale Oct 2019

Founders and team

From mPower Technology's own website: 1 founder, 5 on the team.

Dr. Murat OkandanCTO & Founder
  • Kevin HellPresident & CEO
  • James HellerChief Commercial Officer
  • Scott HughesCFO
  • Adriel CarrenoVP, Business Development
  • Scott CraigSenior Director of Operations & Program Management

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

LD CapitalVC firm1round
Lockheed MartinCorporate VC1round
Shield CapitalVC firm1round
Sun Mountain CapitalPrivate equity1round

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

Also claim to have backed them

These 4 firms list mPower Technology 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.

Cottonwood Technology FundVC firmPer its own site
Razor's Edge VenturesPrivate equityPer its own site
Razor's EdgeVC firmPer its own site
Angeles Crest Capital LLCPrivate equityPer its own site

Quick answers about mPower Technology

Who invested in mPower Technology?

mPower Technology's investors include LD Capital, Lockheed Martin, Shield Capital and Sun Mountain Capital.

How much has mPower Technology raised?

mPower Technology has raised $24M across 2 rounds since 2019.

When did mPower Technology last raise?

mPower Technology's most recent round was a Series B of $21M in May 2025.

What was mPower Technology's biggest round?

Its most recent round, $21M in May 2025, is also its largest on record.

Who backed mPower Technology first?

mPower Technology's first round on record, in Oct 2019, was backed by Sun Mountain Capital.

What stage is mPower Technology at?

mPower Technology's latest named round is a Series B, in May 2025.

Where is mPower Technology based?

mPower Technology is based in the United States.

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