# Nth Cycle funding: rounds and investors > Nth Cycle has raised $137M across 2 rounds since 2023. Investors include National Science Foundation, Creative Destruction Lab and Elemental Impact. Source: https://millionrounds.com/company/nth-cycle (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # 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 summary Updated 26 Oct 2026 **$137M** raised across 2 rounds since 2023, from 2 sources **$37M** Series B **$100M** Grant - **Latest round:** Grant, $100M Aug 2026 - **Step-up i:** 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. 2024 2025 2026 **$37M** Series B **$100M** Grant - **First round:** Series B, $37M - **Biggest round:** $100M - **Between rounds:** 2.7 years ## The rounds - **Aug 2026** Grant **$100M** *1 new* *3 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) [Elemental Impact](https://millionrounds.com/fund/elemental-impact) Source recorded SEC filing: $5.5M sold - **Dec 2023** Series B **$37M** *5 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) [Elemental Impact](https://millionrounds.com/fund/elemental-impact) [Mercuri VC](https://millionrounds.com/fund/mercuri) [Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) 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 B** 2023 **Grant** 2026 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) [Elemental Impact](https://millionrounds.com/fund/elemental-impact) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Mercuri VC](https://millionrounds.com/fund/mercuri) [Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) ## Everyone who backed them [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **2** rounds [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) Accelerator **2** rounds [Elemental Impact](https://millionrounds.com/fund/elemental-impact) VC firm **2** rounds [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round [Mercuri VC](https://millionrounds.com/fund/mercuri) VC firm **1** round [Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=nth-cycle). ## 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 Venture](https://millionrounds.com/fund/clean-energy-venture-group) Angel network Per its own site [Volo Earth Ventures](https://millionrounds.com/fund/volo-earth-ventures) VC firm Per its own site [WovenEarth Ventures](https://millionrounds.com/fund/wovenearth-ventures) Fund of funds Per its own site [Prospect Innovation](https://millionrounds.com/fund/prospect-innovation) Venture studio Per 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. ### What stage is Nth Cycle at? Nth Cycle's latest named round is a Grant, in Aug 2026. ### Where is Nth Cycle based? Nth Cycle is based in the United States. ## Companies like Nth Cycle In the same sector, and raised in the last eighteen months. 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