# RayGen funding: rounds and investors

> RayGen has raised $79M across 1 round since 2025. Investors include Australian Renewable Energy Agency (ARENA). Every round with its source.

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

Australia · [Series D startup](https://millionrounds.com/companies)

# Who invested in *RayGen*

One round we have observed, with the one investor 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.

Energy

Funding summary Updated 26 Oct 2026

**$79M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series D, $79M Apr 2025
- **Investors:** 1

See who backed them

## The rounds

- **Apr 2025** Series D **$79M** [Australian Renewable Energy Agency (ARENA)](https://millionrounds.com/fund/australian-renewable-energy-agency-arena) Source recorded

## Founders and team

From RayGen's own website: 1 founder, 8 on the team.

**Dr John Lasich** Executive Director, Founder & Chief Research Officer

- **Richard Payne** Chief Executive Officer
- **Brendt Henricus** Chief Financial Officer / Company Secretary
- **Derek Scott** Chief Technology Officer
- **Eleanor McCracken-Hewson** Chief Commercial Officer / Chief Legal Officer
- **Liam Fechner** Chief Operating Officer
- **Serena Marriott** Chief People Officer
- **David Sutton** Chairman of the Board
- **Leonie Walsh** Non-Executive Director

## Everyone who backed them

[Australian Renewable Energy Agency (ARENA)](https://millionrounds.com/fund/australian-renewable-energy-agency-arena) Investment firm **1** round

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

## Also claim to have backed them

This firm lists RayGen 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.

[Breakthrough Victoria](https://millionrounds.com/fund/breakthrough-victoria) VC firm Per its own site

## Quick answers about RayGen

### Who invested in RayGen?

RayGen's investors include Australian Renewable Energy Agency (ARENA).

### How much has RayGen raised?

RayGen has raised $79M across 1 round since 2025.

### When did RayGen last raise?

RayGen's most recent round was a Series D of $79M in Apr 2025.

### What was RayGen's biggest round?

Its most recent round, $79M in Apr 2025, is also its largest on record.

### Who backed RayGen first?

RayGen's first round on record, in Apr 2025, was backed by Australian Renewable Energy Agency (ARENA).

### What stage is RayGen at?

RayGen's latest named round is a Series D, in Apr 2025.

### Where is RayGen based?

RayGen is based in Australia.

## Companies like RayGen

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

[**Hysata** $146M · Sept 2026](https://millionrounds.com/company/hysata)[**Amber Electric** $56M · Sept 2026](https://millionrounds.com/company/amber-electric)[**Amber** $148M · Sept 2026](https://millionrounds.com/company/amber)[**Graphene Manufacturing Group** $10M · Sept 2026](https://millionrounds.com/company/graphene-manufacturing-group)[**Gridsight** $38M · Sept 2026](https://millionrounds.com/company/gridsight)[**HAMR Energy** $32M · Jul 2026](https://millionrounds.com/company/hamr-energy)

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