# RFC Power funding: rounds and investors

> RFC Power has raised $15M across 2 rounds since 2021. Investors include IP Group and British Business Bank. Every round with its source.

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

United Kingdom · [Series A startup](https://millionrounds.com/companies)

# Who invested in *RFC Power*

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.

Energy

Raised 3 months ago

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2021, from 2 sources

**$1.0M** Round **$14M** Series A

- **Latest round:** Series A, $14M Aug 2026
- **Step-up i:** 13.5×
- **Investors:** 2

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.

2022 2023 2024 2025 2026

**$1.0M** Round

**$14M** Series A

- **First round:** Round, $1.0M
- **Biggest round:** $14M
- **Between rounds:** 4.8 years

## The rounds

- **Aug 2026** Series A **$14M** *2 new* [IP Group](https://millionrounds.com/fund/ip-group) [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) Source recorded
- **Nov 2021** Round **$1.0M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

RFC Power filed 2 raises, $15M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2026 **$14M** UK share allotment
- Nov 2021 **$1.0M** UK share allotment

## Founders and team

From RFC Power's own website: 1 founder, 4 on the team.

**Mark Selby** Executive Chair and Founder

- **Tim Von Werne** Chief Executive Officer
- **Chris Evans** Chief Product Officer
- **Dr Ashkan Kavei** Head of Technology Delivery
- **Systems Engineer** Finance Director

## 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.

**Round** 2021 **Series A** 2026 [IP Group](https://millionrounds.com/fund/ip-group) [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)

## Everyone who backed them

[IP Group](https://millionrounds.com/fund/ip-group) VC firm **1** round

[British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) Corporate VC **1** round

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

## Quick answers about RFC Power

### Who invested in RFC Power?

RFC Power's investors include IP Group and British Business Bank.

### How much has RFC Power raised?

RFC Power has raised $15M across 2 rounds since 2021.

### When did RFC Power last raise?

RFC Power's most recent round was a Series A of $14M in Aug 2026.

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

Its most recent round, $14M in Aug 2026, is also its largest on record.

### Who backed RFC Power first?

RFC Power's first round on record, in Aug 2026, was backed by IP Group and British Business Bank.

### What stage is RFC Power at?

RFC Power's latest named round is a Series A, in Aug 2026.

### Where is RFC Power based?

RFC Power is based in the United Kingdom.

## Companies like RFC Power

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

[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)

## 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