# NexWafe funding: rounds and investors > NexWafe has raised $42M across 3 rounds since 2015. Investors include EIT InnoEnergy, Aramco Ventures and Athos Capital. Every round with its source. Source: https://millionrounds.com/company/nexwafe (Millionrounds; every figure on the page links to its filing or article) Germany · [Series D startup](https://millionrounds.com/companies) # Who invested in *NexWafe* 3 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. Energy Manufacturing Funding summary Updated 26 Oct 2026 **$42M** raised across 3 rounds since 2015, from 3 sources **$9.4M** Round **$32M** Series D - **Latest round:** Series D, $32M May 2023 - **Step-up i:** 3.4× - **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. 2015 2017 2019 2021 2023 **?** Seed **$9.4M** Round **$32M** Series D - **First round:** Seed - **Biggest round:** $32M - **Usual gap between rounds:** 5.4 years ## The rounds - **May 2023** Series D **$32M** *3 new* [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) [Athos Capital](https://millionrounds.com/fund/athos-capital) Source recorded - **Dec 2017** Round **$9.4M** *2 new* Lynwood Saudi Aramco Energy Ventures/ Green Gateway Reported by FinSMEs - **Jul 2015** Seed **Amount undisclosed** *1 new* [Fraunhofer Venture](https://millionrounds.com/fund/fraunhofer-venture) From a historical funding record ## Founders and team From NexWafe's own website: 4 on the team. - **André Seemaier** Co-CEO and CFO - **Dr. Davor Sutija PhD** Co-CEO and CTO - **Marina Groenberg** CEO at Hemma Group AG - **Sanjay Mashruwala** President at Reliance Industries Limited Advisers *Daniel Kolb* *Prof. Dr. Andreas Bett* ## 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** 2015 **Round** 2017 **Series D** 2023 [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) [Athos Capital](https://millionrounds.com/fund/athos-capital) [Fraunhofer Venture](https://millionrounds.com/fund/fraunhofer-venture) Lynwood Saudi Aramco Energy Ventures/ Green Gateway ## Everyone who backed them [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) VC firm **1** round [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Corporate VC **1** round [Athos Capital](https://millionrounds.com/fund/athos-capital) VC firm **1** round [Fraunhofer Venture](https://millionrounds.com/fund/fraunhofer-venture) VC firm **1** round Lynwood no record of our own yet **1** round Saudi Aramco Energy Ventures/ Green Gateway 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=nexwafe). ## Also claim to have backed them These 2 firms list NexWafe 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. [Frontive Services](https://millionrounds.com/fund/frontive-services) Incubator Per its own site [GAP Technology Hol...](https://millionrounds.com/fund/gap-technology-hol) VC firm 2019, per its site ## Quick answers about NexWafe ### Who invested in NexWafe? NexWafe's investors include EIT InnoEnergy, Aramco Ventures, Athos Capital, Fraunhofer Venture and Lynwood, and 1 more on record. ### How much has NexWafe raised? NexWafe has raised $42M across 3 rounds since 2015. One round did not disclose an amount, so the total is a floor. ### When did NexWafe last raise? NexWafe's most recent round was a Series D of $32M in May 2023. ### What was NexWafe's biggest round? Its most recent round, $32M in May 2023, is also its largest on record. ### Who backed NexWafe first? NexWafe's first round on record, in Jul 2015, was backed by Fraunhofer Venture. ### What stage is NexWafe at? NexWafe's latest named round is a Series D, in May 2023. ### Where is NexWafe based? NexWafe is based in Germany. ## Companies like NexWafe In the same sector, and raised in the last eighteen months. [**NOVUS** Oct 2026](https://millionrounds.com/company/novus)[**Rabot Energy** $50M · Oct 2026](https://millionrounds.com/company/rabot-energy)[**Reverion** $237M · Sept 2026](https://millionrounds.com/company/reverion)[**Nomos** $25M · Sept 2026](https://millionrounds.com/company/nomos)[**QuantumDiamonds** $201M · Jul 2026](https://millionrounds.com/company/quantumdiamonds)[**Proxima Fusion** $636M · Jul 2026](https://millionrounds.com/company/proxima-fusion) ## 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