# Skeleton Technologies funding: rounds and investors

> Skeleton Technologies has raised $274M across 6 rounds since 2013. Investors include Siemens, Taavet Hinrikus and Siemens Financial Services.

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

Estonia · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Skeleton Technologies*

6 rounds we have observed, with the 13 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.

AI Cleantech Energy Manufacturing

Raised this month

Funding summary Updated 26 Oct 2026

**$274M** raised across 6 rounds since 2013, from 10 sources

**$2.8M** Venture **$5.2M** Series A **$11M** Series B **$42M** Round **$114M** Round **$100M** Growth

- **Latest round:** Growth, $100M Oct 2026
- **Led by:** Siemens
- **Biggest round:** $114M Round · Oct 2023
- **Investors:** 13 (4 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.

2013 2015 2017 2019 2021 2023 2025

**$2.8M** Venture

**$5.2M** Series A

**$11M** Series B

**$42M** Round

**$114M** Round

**$100M** Growth

- **First round:** Venture, $2.8M
- **Biggest round:** $114M
- **Usual gap between rounds:** 20 months

## The rounds

- **Oct 2026** Growth **$100M** *1 new* [Siemens](https://millionrounds.com/fund/siemens) Lead Reported by ArcticStartup and 4 others
- **Oct 2023** Round **$114M** *3 new* [Siemens Financial Services](https://millionrounds.com/fund/siemens-financial-services) Lead [Marubeni](https://millionrounds.com/fund/marubeni) [CBMM](https://millionrounds.com/fund/cbmm) Reported by Firms' own news pages
- **Jan 2022** Round **$42M** *6 new* [Taavet Hinrikus](https://millionrounds.com/fund/taavet-hinrikus) Lead [Taavet+Sten](https://millionrounds.com/fund/taavet-sten) Lead [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) [Bengt Wahlqvist](https://millionrounds.com/fund/bengt-wahlqvist) [Nidoco AB](https://millionrounds.com/fund/nidoco-ab) [founding team members of Adyen](https://millionrounds.com/fund/founding-team-members-of-adyen) Reported by Firms' own news pages
- **Jun 2015** Series B **$11M** *1 new* [Harju Elekter Group](https://millionrounds.com/fund/harju-elekter-group) From a historical funding record
- **Jul 2014** Series A **$5.2M** *2 new* [Estonian Private Equity & Venture Capital Association (EstVCA)](https://millionrounds.com/fund/estonian-private-equity-and-venture-capital-association-estv) [UP Invest](https://millionrounds.com/fund/up-invest) From a historical funding record
- **Apr 2013** Venture **$2.8M** No investor was named in the report. From a historical funding record

## Founders and team

From Skeleton Technologies's own website: 2 founders, 4 on the team.

**Taavi Madiberk** Chief Executive Officer, Co-Founder

**Oliver Ahlberg** Chairman of the Board, Co-Founder

- **Dr. Linus Froböse** Chief Technology Officer
- **Margus Vals** Chief Financial Officer
- **Tero Järveläinen** Chief Product Officer
- **Timo Koljonen** Chief Operating Officer

## 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.

**Venture** 2013 **Series A** 2014 **Series B** 2015 **Round** 2022 **Round** 2023 **Growth** 2026 [Siemens](https://millionrounds.com/fund/siemens) L [Taavet Hinrikus](https://millionrounds.com/fund/taavet-hinrikus) L [Siemens Financial Services](https://millionrounds.com/fund/siemens-financial-services) L [Taavet+Sten](https://millionrounds.com/fund/taavet-sten) L [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) [Marubeni](https://millionrounds.com/fund/marubeni) [CBMM](https://millionrounds.com/fund/cbmm) [Bengt Wahlqvist](https://millionrounds.com/fund/bengt-wahlqvist) [Estonian Private Equity & Venture Capital Association (EstVCA)](https://millionrounds.com/fund/estonian-private-equity-and-venture-capital-association-estv) [founding team members of Adyen](https://millionrounds.com/fund/founding-team-members-of-adyen)

## Everyone who backed them

[Siemens](https://millionrounds.com/fund/siemens) Corporate VC **1** round, led 1

[Taavet Hinrikus](https://millionrounds.com/fund/taavet-hinrikus) VC firm **1** round, led 1

[Siemens Financial Services](https://millionrounds.com/fund/siemens-financial-services) VC firm **1** round, led 1

[Taavet+Sten](https://millionrounds.com/fund/taavet-sten) VC firm **1** round, led 1

[EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) VC firm **1** round

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

[CBMM](https://millionrounds.com/fund/cbmm) Growth equity **1** round

[Bengt Wahlqvist](https://millionrounds.com/fund/bengt-wahlqvist) Angel **1** round

[Estonian Private Equity & Venture Capital Association (EstVCA)](https://millionrounds.com/fund/estonian-private-equity-and-venture-capital-association-estv) VC firm **1** round

[founding team members of Adyen](https://millionrounds.com/fund/founding-team-members-of-adyen) Investment firm **1** round

[Harju Elekter Group](https://millionrounds.com/fund/harju-elekter-group) Growth equity **1** round

[Nidoco AB](https://millionrounds.com/fund/nidoco-ab) Investment firm **1** round

[UP Invest](https://millionrounds.com/fund/up-invest) VC firm **1** round

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

## Also claim to have backed them

This firm lists Skeleton Technologies 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.

[SmartCap](https://millionrounds.com/fund/smartcap) VC firm Per its own site

## Quick answers about Skeleton Technologies

### Who invested in Skeleton Technologies?

Skeleton Technologies's investors include Siemens, Taavet Hinrikus, Siemens Financial Services, Taavet+Sten and EIT InnoEnergy, and 8 more on record. Siemens led its latest round.

### How much has Skeleton Technologies raised?

Skeleton Technologies has raised $274M across 6 rounds since 2013.

### When did Skeleton Technologies last raise?

Skeleton Technologies's most recent round was a Growth of $100M in Oct 2026, led by Siemens.

### What was Skeleton Technologies's biggest round?

Skeleton Technologies's largest round on record is $114M (Undisclosed round), in Oct 2023, led by Siemens Financial Services.

### Who backed Skeleton Technologies first?

Skeleton Technologies's first round on record, in Jul 2014, was backed by Estonian Private Equity & Venture Capital Association (EstVCA) and UP Invest.

### What stage is Skeleton Technologies at?

Skeleton Technologies's latest named round is a Growth, in Oct 2026.

### Where is Skeleton Technologies based?

Skeleton Technologies is based in Estonia.

### Who led Skeleton Technologies's rounds?

Taavet Hinrikus led the Undisclosed round in 2022; Siemens Financial Services led the Undisclosed round in 2023; Siemens led the Growth in 2026.

## Companies like Skeleton Technologies

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

[**DOD Solution** $2.1M · Sept 2026](https://millionrounds.com/company/dod-solution)[**Cota Robotics** $2.2M · Aug 2026](https://millionrounds.com/company/cota-robotics)[**DCR Technologies** May 2026](https://millionrounds.com/company/dcr-technologies)[**Frankenburg Technologies** $35M · Feb 2026](https://millionrounds.com/company/frankenburg-technologies)[**Flashka** $1.2M · Jan 2026](https://millionrounds.com/company/flashka)[**Soldera** $1.9M · Jan 2026](https://millionrounds.com/company/soldera)

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