# Prometheus Materials funding: rounds and investors

> Prometheus Materials has raised $10M across 1 round since 2024. Investors include US Department of Energy and Sofinnova Partners. Every round with its source.

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

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Prometheus Materials*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$10M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $10M Nov 2024
- **Investors:** 2

See who backed them

## The rounds

- **Nov 2024** Grant **$10M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) Source recorded SEC filing: $6.3M sold, first sale Jul 2024

## Founders and team

From Prometheus Materials's own website: 1 founder, 5 on the team.

**Loren Burnett** President, CEO and Co-founder

- **Jaclyn Gruber** Chief Marketing Officer
- **Julie Pankow** CFO
- **Colin Tansey** Manager of Manufacturing and Operations
- **Dean Zeglin** Quality Engineering Manager
- **Filiberto Ruiz** Chairman of the Board

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) VC firm **1** round

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

## Quick answers about Prometheus Materials

### Who invested in Prometheus Materials?

Prometheus Materials's investors include US Department of Energy and Sofinnova Partners.

### How much has Prometheus Materials raised?

Prometheus Materials has raised $10M across 1 round since 2024.

### When did Prometheus Materials last raise?

Prometheus Materials's most recent round was a Grant of $10M in Nov 2024.

### What was Prometheus Materials's biggest round?

Its most recent round, $10M in Nov 2024, is also its largest on record.

### Who backed Prometheus Materials first?

Prometheus Materials's first round on record, in Nov 2024, was backed by US Department of Energy and Sofinnova Partners.

### What stage is Prometheus Materials at?

Prometheus Materials's latest named round is a Grant, in Nov 2024.

### Where is Prometheus Materials based?

Prometheus Materials is based in the United States.

## Companies like Prometheus Materials

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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