# mPower Technology funding: rounds and investors > mPower Technology has raised $24M across 2 rounds since 2019. Investors include LD Capital, Lockheed Martin and Shield Capital. Every round with its source. Source: https://millionrounds.com/company/mpower-technology (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # 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. Cleantech Energy Funding summary Updated 26 Oct 2026 **$24M** raised across 2 rounds since 2019, from 3 sources **$2.5M** Series A **$21M** Series B - **Latest round:** Series B, $21M May 2025 - **Step-up i:** 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. 2020 2021 2022 2023 2024 2025 **$2.5M** Series A **$21M** Series B - **First round:** Series A, $2.5M - **Biggest round:** $21M - **Between rounds:** 5.5 years ## The rounds - **May 2025** Series B **$21M** *3 new* [LD Capital](https://millionrounds.com/fund/xie) [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures) [Shield Capital](https://millionrounds.com/fund/shield-capital) Source recorded and 1 other SEC filing: $21M sold, first sale Apr 2025 - **Oct 2019** Series A **$2.5M** *1 new* [Sun Mountain Capital](https://millionrounds.com/fund/sun-mountain-capital) Reported by FinSMEs SEC 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 Okandan** CTO & Founder - **Kevin Hell** President & CEO - **James Heller** Chief Commercial Officer - **Scott Hughes** CFO - **Adriel Carreno** VP, Business Development - **Scott Craig** Senior 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. **Series A** 2019 **Series B** 2025 [LD Capital](https://millionrounds.com/fund/xie) [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures) [Shield Capital](https://millionrounds.com/fund/shield-capital) [Sun Mountain Capital](https://millionrounds.com/fund/sun-mountain-capital) ## Everyone who backed them [LD Capital](https://millionrounds.com/fund/xie) VC firm **1** round [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures) Corporate VC **1** round [Shield Capital](https://millionrounds.com/fund/shield-capital) VC firm **1** round [Sun Mountain Capital](https://millionrounds.com/fund/sun-mountain-capital) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mpower-technology). ## 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 Fund](https://millionrounds.com/fund/cottonwood-technology-fund) VC firm Per its own site [Razor's Edge Ventures](https://millionrounds.com/fund/razor-s-edge-ventures) Private equity Per its own site [Razor's Edge](https://millionrounds.com/fund/razor-s-edge) VC firm Per its own site [Angeles Crest Capital LLC](https://millionrounds.com/fund/angeles-crest-capital-llc) Private equity Per 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. ## Companies like mPower Technology In the same sector, and raised in the last eighteen months. [**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app