# Return funding: rounds and investors > Return has raised $352M across 2 rounds since 2022. Investors include APG Asset Management and TEDCO. Every round with its source. Source: https://millionrounds.com/company/return (Millionrounds; every figure on the page links to its filing or article) Netherlands · [Growth startup](https://millionrounds.com/companies) # Who invested in *Return* 2 rounds we have observed, with the 2 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 Energy Follow Return and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Freturn) Funding summary Updated 5 Nov 2026 **$352M** raised across 2 rounds since 2022, from 2 sources **$1.1M** Pre-seed **$350M** Growth - **Latest round:** Growth, $350M Oct 2025 - **Led by:** APG Asset Management - **Step-up i:** 318.6× - **Investors:** 2 (1 led) 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. 2023 2024 2025 **$1.1M** Pre-seed **$350M** Growth - **First round:** Pre-seed, $1.1M - **Biggest round:** $350M - **Between rounds:** 3.3 years ## The rounds - **Oct 2025** Growth **$350M** *1 new* [APG Asset Management](https://millionrounds.com/fund/apg-asset-management) Lead Reported by Silicon Canals - **Aug 2022** Pre-seed **$1.1M** *1 new* [TEDCO](https://millionrounds.com/fund/tedco) Source recorded ## 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. **Pre-seed** 2022 **Growth** 2025 [APG Asset Management](https://millionrounds.com/fund/apg-asset-management) L [TEDCO](https://millionrounds.com/fund/tedco) ## Everyone who backed them [APG Asset Management](https://millionrounds.com/fund/apg-asset-management) VC firm **1** round, led 1 [TEDCO](https://millionrounds.com/fund/tedco) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=return). ## Also claim to have backed them These 2 firms list Return 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. [Cherry Crypto](https://millionrounds.com/fund/cherry-crypto) VC firm Per its own site [Stecc Capital](https://millionrounds.com/fund/stecc-capital) Family office Per its own site ## Quick answers about Return ### Who invested in Return? Return's investors include APG Asset Management and TEDCO. APG Asset Management led its latest round. ### How much has Return raised? Return has raised $352M across 2 rounds since 2022. ### When did Return last raise? Return's most recent round was a Growth of $350M in Oct 2025, led by APG Asset Management. ### What was Return's biggest round? Its most recent round, $350M in Oct 2025, is also its largest on record. ### Who backed Return first? Return's first round on record, in Aug 2022, was backed by TEDCO. ### What stage is Return at? Return's latest named round is a Growth, in Oct 2025. ### Where is Return based? Return is based in the Netherlands. ### Who led Return's rounds? APG Asset Management led the Growth in 2025. ## Companies like Return In the same sector, and raised in the last eighteen months. [**GIGA Storage** $634M · Oct 2026](https://millionrounds.com/company/giga-storage)[**Ore Energy** $43M · Aug 2026](https://millionrounds.com/company/ore-energy)[**Tap Electric** $5.7M · Jun 2026](https://millionrounds.com/company/tap-electric)[**DRI Energy** $200M · May 2026](https://millionrounds.com/company/dri-energy)[**Eddy Grid** $11M · May 2026](https://millionrounds.com/company/eddy-grid)[**ROCSYS** $31M · Apr 2026](https://millionrounds.com/company/rocsys) ## 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