# Parallel Carbon funding: rounds and investors > Parallel Carbon has raised $3.8M across 2 rounds since 2021. Investors include DNX Ventures, Axon Partners Group and Aramco Ventures. Source: https://millionrounds.com/company/parallel-carbon (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Seed startup](https://millionrounds.com/companies) # Who invested in *Parallel Carbon* 2 rounds we have observed, with the 3 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 Funding summary Updated 26 Oct 2026 **$3.8M** raised across 2 rounds since 2021, from 2 sources **$202K** Round **$3.6M** Seed - **Latest round:** Seed, $3.6M Jan 2024 - **Step-up i:** 17.8× - **Investors:** 3 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. 2022 2023 2024 **$202K** Round **$3.6M** Seed - **First round:** Round, $202K - **Biggest round:** $3.6M - **Between rounds:** 2.3 years ## The rounds - **Jan 2024** Seed **$3.6M** *3 new* [DNX Ventures](https://millionrounds.com/fund/dnx-ventures-us) [Axon Partners Group](https://millionrounds.com/fund/axon-partners-group) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Source recorded SEC filing: $3.6M sold, first sale Dec 2023 - **Sept 2021** Round **$202K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators Parallel Carbon filed one raise, $202K in all. Filings say how much was sold and to how many investors; they never name the investors. - Sept 2021 **$202K** UK share allotment ## 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. **Round** 2021 **Seed** 2024 [DNX Ventures](https://millionrounds.com/fund/dnx-ventures-us) [Axon Partners Group](https://millionrounds.com/fund/axon-partners-group) [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) ## Everyone who backed them [DNX Ventures](https://millionrounds.com/fund/dnx-ventures-us) VC firm **1** round [Axon Partners Group](https://millionrounds.com/fund/axon-partners-group) Corporate VC **1** round [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=parallel-carbon). ## Also claim to have backed them This firm lists Parallel Carbon as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Deep Science Ventures](https://millionrounds.com/fund/deep-science-ventures) Accelerator Per its own site ## Quick answers about Parallel Carbon ### Who invested in Parallel Carbon? Parallel Carbon's investors include DNX Ventures, Axon Partners Group and Aramco Ventures. ### How much has Parallel Carbon raised? Parallel Carbon has raised $3.8M across 2 rounds since 2021. ### When did Parallel Carbon last raise? Parallel Carbon's most recent round was a Seed of $3.6M in Jan 2024. ### What was Parallel Carbon's biggest round? Its most recent round, $3.6M in Jan 2024, is also its largest on record. ### Who backed Parallel Carbon first? Parallel Carbon's first round on record, in Jan 2024, was backed by DNX Ventures, Axon Partners Group and Aramco Ventures. ### What stage is Parallel Carbon at? Parallel Carbon's latest named round is a Seed, in Jan 2024. ### Where is Parallel Carbon based? Parallel Carbon is based in the United Kingdom. ## Companies like Parallel Carbon In the same sector, and raised in the last eighteen months. [**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**Dragonfly Advanced Materials** $2.0M · Sept 2026](https://millionrounds.com/company/dragonfly-advanced-materials)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**Myriad Wind Energy Systems** $1.8M · Sept 2026](https://millionrounds.com/company/myriad-wind-energy-systems)[**RheEnergise** $6.3M · Sept 2026](https://millionrounds.com/company/rheenergise)[**Rightcharge** $1.4M · Sept 2026](https://millionrounds.com/company/rightcharge) ## 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