# Nilo funding: rounds and investors

> Nilo has raised $12M across 2 rounds since 2024. Investors include Andreessen Horowitz, Icehouse Ventures and Flex Capital. Every round with its source.

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

New Zealand · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Nilo*

2 rounds we have observed, with the 7 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.

Climate Tech

Funding summary Updated 26 Oct 2026

**$12M** raised across 2 rounds since 2024, from 2 sources

**$7.6M** Series A **$4.0M** Seed

- **Latest round:** Seed, $4.0M Sept 2025
- **Biggest round:** $7.6M Series A · Dec 2024
- **Investors:** 7

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

**$7.6M** Series A

**$4.0M** Seed

- **First round:** Series A, $7.6M
- **Biggest round:** $7.6M
- **Between rounds:** 9 months

## The rounds

- **Sept 2025** Seed **$4.0M** *4 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Flex Capital](https://millionrounds.com/fund/flex-capital) [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [Shilling VC](https://millionrounds.com/fund/shilling) Source recorded
- **Dec 2024** Series A **$7.6M** *3 new* [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [K1W1](https://millionrounds.com/fund/k1w1) [Pacific Channel](https://millionrounds.com/fund/pacific-channel) Source recorded

## Founders and team

From Nilo's own website: 2 founders, 13 on the team.

**Neville Jones** General Manager Business Development/NILO Co-founder

**Tim Williams** Director/NILO Co-founder

- **Mike Maunsell** Chief Executive Officer
- **Simon Oakley** Chief Technology Officer
- **Pip Spyksma** Head of People and Culture
- **Aditya Rudrakar** Technical Lead Mechanical Engineering
- **Andrew McIntosh** Director
- **Daniel Strong** Research and Development Scientist
- **Dr Sean Simpson** Director
- **Flynn Parrish** Research and Development Scientist
- **Kevin Law** Chair
- **Niko Forlong** Research and Development Scientist
- **Paul Reeve** Director
- **Rory Bessell** Research and Development Scientist
- **Ryan Tan** Research and Development Scientist

Advisers *Prof. Matthew Watson*

## 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** 2024 **Seed** 2025 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Flex Capital](https://millionrounds.com/fund/flex-capital) [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [K1W1](https://millionrounds.com/fund/k1w1) [Shilling VC](https://millionrounds.com/fund/shilling) [Pacific Channel](https://millionrounds.com/fund/pacific-channel)

## Everyone who backed them

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

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

[Flex Capital](https://millionrounds.com/fund/flex-capital) VC firm **1** round

[A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm **1** round

[K1W1](https://millionrounds.com/fund/k1w1) Investment firm **1** round

[Shilling VC](https://millionrounds.com/fund/shilling) VC firm **1** round

[Pacific Channel](https://millionrounds.com/fund/pacific-channel) VC firm **1** round

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

## Quick answers about Nilo

### Who invested in Nilo?

Nilo's investors include Andreessen Horowitz, Icehouse Ventures, Flex Capital, A16z Crypto and K1W1, and 2 more on record.

### How much has Nilo raised?

Nilo has raised $12M across 2 rounds since 2024.

### When did Nilo last raise?

Nilo's most recent round was a Seed of $4.0M in Sept 2025.

### What was Nilo's biggest round?

Nilo's largest round on record is $7.6M (Series A), in Dec 2024.

### Who backed Nilo first?

Nilo's first round on record, in Dec 2024, was backed by Icehouse Ventures, K1W1 and Pacific Channel.

### What stage is Nilo at?

Nilo's latest named round is a Seed, in Sept 2025.

### Where is Nilo based?

Nilo is based in New Zealand.

## Companies like Nilo

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)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)

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