# Proterra funding: rounds and investors

> Proterra has raised $657M across 12 rounds since 2010. Investors include Upstate Carolina Angel Network, Kleiner Perkins Caufield & Byers and Vision Ridge...

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

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

# Who invested in *Proterra*

12 rounds we have observed, with the 22 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.

Industry 4.0 Logistics Manufacturing

Funding summary Updated 26 Oct 2026

**$657M** raised across 12 rounds since 2010, from 12 sources

**$20M** Venture **$30M** Series A **$15M** Venture **$23M** Series B **$34M** Series C **$30M** Series D **$25M** Debt **$30M** Series D **$140M** Round **$55M** Round **$100M** Round **$155M** Round

- **Latest round:** Round, $155M Sept 2018
- **Step-up i:** 1.6×
- **Investors:** 22

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.

2010 2012 2014 2016 2018

**$20M** Venture

**$30M** Series A

**$15M** Venture

**$23M** Series B

**$34M** Series C

**$30M** Series D

**$25M** Debt

**$30M** Series D

**$140M** Round

**$55M** Round

**$100M** Round

**$155M** Round

- **First round:** Venture, $20M
- **Biggest round:** $155M
- **Usual gap between rounds:** 12 months

## The rounds

- **Sept 2018** Round **$155M** *2 new* [Daimler](https://millionrounds.com/fund/daimler) Tao Capital Partners/ G2VP Reported by FinSMEs
- **May 2018** Round **$100M** No investor was named in the report. Reported by Socaltech
- **Jun 2017** Round **$55M** No investor was named in the report. Reported by FinSMEs
- **Jan 2017** Round **$140M** No investor was named in the report. Reported by FinSMEs
- **Jun 2015** Debt **$25M** *1 new* [Hercules Technology Growth Capital](https://millionrounds.com/fund/hercules-technology-growth-capital) From a historical funding record SEC filing: $30M sold, first sale Jun 2015
- **Jun 2015** Series D **$30M** *3 new* *1 returning* [Middle East Venture Partners (MEVP)](https://millionrounds.com/fund/middle-east-venture-partners-mevp) [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) Mike Dorsey Miriam Rivera From a historical funding record SEC filing: $30M sold, first sale Jun 2015
- **Jun 2014** Series D **$30M** *4 new* *6 returning* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) [Constellation Ventures](https://millionrounds.com/fund/constellation-ventures) [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) [GM Ventures](https://millionrounds.com/fund/gm-ventures) [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) [Hennessey Capital](https://millionrounds.com/fund/hennessey-capital) [Edison Energy](https://millionrounds.com/fund/edison-energy) [TAO Investments](https://millionrounds.com/fund/tao-investments) From a historical funding record SEC filing: $39M sold, first sale Jun 2014
- **Jan 2014** Series C **$34M** *1 new* *6 returning* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) [Tao Capital Partners](https://millionrounds.com/fund/tao-capital-partners) [GM Ventures](https://millionrounds.com/fund/gm-ventures) [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) [Hennessey Capital](https://millionrounds.com/fund/hennessey-capital) Reported by newenergyworldnetwork.com SEC filing: $34M sold, first sale Oct 2013
- **Nov 2012** Series B **$23M** *2 new* *4 returning* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) [Global Investment Partners](https://millionrounds.com/fund/global-investment-partners) [Hennessey Capital](https://millionrounds.com/fund/hennessey-capital) Reported by finsmes.com SEC filing: $23M sold, first sale Nov 2012
- **Oct 2011** Venture **$15M** *1 new* [SVB Capital](https://millionrounds.com/fund/svb-capital) Reported by finsmes.com
- **Jun 2011** Series A **$30M** *7 new* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [South Carolina Research Authority](https://millionrounds.com/fund/south-carolina-research-authority) [Mitsui Ventures](https://millionrounds.com/fund/mitsui-ventures) [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) [GM Ventures](https://millionrounds.com/fund/gm-ventures) [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) Reported by techcrunch.com SEC filing: $38M sold, first sale Jun 2011
- **Jun 2010** Venture **$20M** *1 new* MK Energy and Infrastructure Reported by freshnews.com SEC filing: $41M sold, first sale May 2010

## Founders and team

From the SEC filings it signed: 3 on the team.

- **C. W. Plummer** Executive Officer i
- **Eric McCarthy** Executive Officer i
- **Ryan Popple** Executive Officer, Director i

On the board, as filed i *Lydia Kennard* *Michael Linse* *Michael Smith* *Mike Donoughe* *Rob Johnson* *Tom von Reichbauer*

## 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 C** 2014 **Series D** 2014 **Debt** 2015 **Series D** 2015 **Round** 2017 **Round** 2017 **Round** 2018 **Round** 2018 [Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) [GM Ventures](https://millionrounds.com/fund/gm-ventures) [Hennessey Capital](https://millionrounds.com/fund/hennessey-capital) [SVB Capital](https://millionrounds.com/fund/svb-capital) [South Carolina Research Authority](https://millionrounds.com/fund/south-carolina-research-authority) [Mitsui Ventures](https://millionrounds.com/fund/mitsui-ventures) [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd)

## Everyone who backed them

[Upstate Carolina Angel Network](https://millionrounds.com/fund/upstate-carolina-angel-network) Angel network **5** rounds

[Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) VC firm **4** rounds

[Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) Private equity **4** rounds

[88 Green Ventures](https://millionrounds.com/fund/88-green-ventures) Growth equity **4** rounds

[GM Ventures](https://millionrounds.com/fund/gm-ventures) Corporate VC **3** rounds

[Hennessey Capital](https://millionrounds.com/fund/hennessey-capital) VC firm **3** rounds

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

[South Carolina Research Authority](https://millionrounds.com/fund/south-carolina-research-authority) Corporate VC **1** round

[Mitsui Ventures](https://millionrounds.com/fund/mitsui-ventures) Growth equity **1** round

[Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) Corporate VC **1** round

[Hercules Technology Growth Capital](https://millionrounds.com/fund/hercules-technology-growth-capital) Investment firm **1** round

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

[Middle East Venture Partners (MEVP)](https://millionrounds.com/fund/middle-east-venture-partners-mevp) VC firm **1** round

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

[Tao Capital Partners](https://millionrounds.com/fund/tao-capital-partners) Family office **1** round

[Global Investment Partners](https://millionrounds.com/fund/global-investment-partners) Growth equity **1** round

[Edison Energy](https://millionrounds.com/fund/edison-energy) Investment firm **1** round

[TAO Investments](https://millionrounds.com/fund/tao-investments) Growth equity **1** round

Mike Dorsey no record of our own yet **1** round

Miriam Rivera no record of our own yet **1** round

MK Energy and Infrastructure no record of our own yet **1** round

Tao Capital Partners/ G2VP no record of our own yet **1** round

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

## Also claim to have backed them

These 6 firms list Proterra 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.

[Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) VC firm Per its own site

[Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) VC firm Per its own site

[BMW i Ventures](https://millionrounds.com/fund/bmw-i-ventures) Corporate VC Per its own site

[Constellation Energy](https://millionrounds.com/fund/constellation-energy) VC firm Per its own site

[Asheville Angels](https://millionrounds.com/fund/venture-asheville) Angel network Per its own site

[Sand to Green](https://millionrounds.com/fund/sand-to-green) Company Per its own site

## Quick answers about Proterra

### Who invested in Proterra?

Proterra's investors include Upstate Carolina Angel Network, Kleiner Perkins Caufield & Byers, Vision Ridge Partners, 88 Green Ventures and GM Ventures, and 17 more on record.

### How much has Proterra raised?

Proterra has raised $657M across 12 rounds since 2010.

### When did Proterra last raise?

Proterra's most recent round was an Undisclosed round of $155M in Sept 2018.

### What was Proterra's biggest round?

Its most recent round, $155M in Sept 2018, is also its largest on record.

### Who backed Proterra first?

Proterra's first round on record, in Jun 2010, was backed by MK Energy and Infrastructure.

### What stage is Proterra at?

Proterra's latest named round is an Undisclosed round, in Sept 2018.

### Where is Proterra based?

Proterra is based in the United States.

## Companies like Proterra

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

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