# Soelect funding: rounds and investors

> Soelect has raised $11M across 1 round since 2022. Investors include Lotte Ventures and VentureSouth. Every round with its source.

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

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

# Who invested in *Soelect*

One round we have observed, with the 2 investors 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

**$11M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series A, $11M Feb 2022
- **Investors:** 2

See who backed them

## The rounds

- **Feb 2022** Series A **$11M** [Lotte Ventures](https://millionrounds.com/fund/lotte-ventures) [VentureSouth](https://millionrounds.com/fund/venturesouth) Source recorded

## Founders and team

From Soelect's own website and the SEC filings it signed: 1 founder, 2 on the team.

**Sung-Jin Cho** CEO & Founder *Named on its 2020 Form D*

- **Tim Price** CFO
- **Matt Bailey** Board of Director

On the board, as filed i *Matthew Bailey*

Advisers *Ryan Pratt*

## Everyone who backed them

[Lotte Ventures](https://millionrounds.com/fund/lotte-ventures) VC firm **1** round

[VentureSouth](https://millionrounds.com/fund/venturesouth) Angel network **1** round

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

## Quick answers about Soelect

### Who invested in Soelect?

Soelect's investors include Lotte Ventures and VentureSouth.

### How much has Soelect raised?

Soelect has raised $11M across 1 round since 2022.

### When did Soelect last raise?

Soelect's most recent round was a Series A of $11M in Feb 2022.

### What was Soelect's biggest round?

Its most recent round, $11M in Feb 2022, is also its largest on record.

### Who backed Soelect first?

Soelect's first round on record, in Feb 2022, was backed by Lotte Ventures and VentureSouth.

### What stage is Soelect at?

Soelect's latest named round is a Series A, in Feb 2022.

### Where is Soelect based?

Soelect is based in the United States.

## Companies like Soelect

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)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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