# Relevate Power funding: rounds and investors

> Relevate Power has raised $4.9M across 1 round since 2024. Investors include US Department of Energy. Every round with its source.

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

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

# Who invested in *Relevate Power*

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.

Cleantech

Funding summary Updated 26 Oct 2026

**$4.9M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $4.9M Nov 2024
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2024** Grant **$4.9M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded

## Founders and team

From Relevate Power's own website: 2 founders, 2 on the team.

**Matthew Wenger** Chief Executive Officer (Co-Founder)

**Ian Clark** Chief Commercial Officer (Co-Founder)

- **Ben Baker** Board Member – GDEV Management
- **Continue Reading** Board Member – GDEV Management

## Everyone who backed them

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

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

## Quick answers about Relevate Power

### Who invested in Relevate Power?

Relevate Power's investors include US Department of Energy.

### How much has Relevate Power raised?

Relevate Power has raised $4.9M across 1 round since 2024.

### When did Relevate Power last raise?

Relevate Power's most recent round was a Grant of $4.9M in Nov 2024.

### What was Relevate Power's biggest round?

Its most recent round, $4.9M in Nov 2024, is also its largest on record.

### Who backed Relevate Power first?

Relevate Power's first round on record, in Nov 2024, was backed by US Department of Energy.

### What stage is Relevate Power at?

Relevate Power's latest named round is a Grant, in Nov 2024.

### Where is Relevate Power based?

Relevate Power is based in the United States.

## Companies like Relevate Power

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

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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