Who invested in Nth Cycle

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.

Energy

Raised 3 months ago

Funding summaryUpdated 26 Oct 2026

$137Mraised across 2 rounds since 2023, from 2 sources

$37MSeries B$100MGrant

Latest round: Grant, $100MAug 2026
Step-upi: 2.7×
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.

202420252026

$37MSeries B$100MGrant

First round: Series B, $37M
Biggest round: $100M
Between rounds: 2.7 years

The rounds

Aug 2026
Grant$100M1 new3 returning
Source recordedSEC filing: $5.5M sold
Dec 2023
Series B$37M5 new
Source recorded

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 B2023Grant2026

National Science Foundation

Creative Destruction Lab

Elemental Impact

US Department of Energy

Mercuri VC

Clean Energy Ventures

Everyone who backed them

National Science FoundationGovernment2rounds

Creative Destruction LabAccelerator2rounds

Elemental ImpactVC firm2rounds

US Department of EnergyGovernment1round

Mercuri VCVC firm1round

Clean Energy VenturesVC firm1round

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

Also claim to have backed them

These 4 firms list Nth Cycle 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.

Clean Energy VentureAngel networkPer its own site

Volo Earth VenturesVC firmPer its own site

WovenEarth VenturesFund of fundsPer its own site

Prospect InnovationVenture studioPer its own site

Quick answers about Nth Cycle

Who invested in Nth Cycle?

Nth Cycle's investors include National Science Foundation, Creative Destruction Lab, Elemental Impact, US Department of Energy and Mercuri VC, and 1 more on record.

How much has Nth Cycle raised?

Nth Cycle has raised $137M across 2 rounds since 2023.

When did Nth Cycle last raise?

Nth Cycle's most recent round was a Grant of $100M in Aug 2026.

What was Nth Cycle's biggest round?

Its most recent round, $100M in Aug 2026, is also its largest on record.

Who backed Nth Cycle first?

Nth Cycle's first round on record, in Dec 2023, was backed by National Science Foundation, Creative Destruction Lab and Elemental Impact and 2 others.