# Terra One funding: rounds and investors

> Terra One has raised $185M across 2 rounds since 2024. Investors include Andreessen Horowitz, Unpopular Ventures and 468 Capital. Every round with its source.

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

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

# Who invested in *Terra One*

2 rounds we have observed, with the 3 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

Funding summary Updated 26 Oct 2026

**$185M** raised across 2 rounds since 2024, from 2 sources

**$7.5M** Seed **$177M** Debt

- **Latest round:** Debt, $177M Sept 2025
- **Step-up i:** 23.7×
- **Investors:** 3

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.

2025

**$7.5M** Seed

**$177M** Debt

- **First round:** Seed, $7.5M
- **Biggest round:** $177M
- **Between rounds:** 17 months

[**Terra One** Battery 1 / 15 Their pitch deck **Terra One's pitch deck, 15 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/terra-one)

## The rounds

- **Sept 2025** Debt **$177M** *3 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) [468 Capital](https://millionrounds.com/fund/468-capital) Source recorded
- **Apr 2024** Seed **$7.5M** *3 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) [468 Capital](https://millionrounds.com/fund/468-capital) Source recorded

## Founders and team

From Terra One's own website: 2 founders.

**Tony Schumacher** Co-Founder und CEO von Terra One

**Unsere Technologie** Co-Founder und CEO von Terra One

## 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.

**Seed** 2024 **Debt** 2025 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) [468 Capital](https://millionrounds.com/fund/468-capital)

## Everyone who backed them

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds

[Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) VC firm **2** rounds

[468 Capital](https://millionrounds.com/fund/468-capital) VC firm **2** rounds

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

## Also claim to have backed them

These 2 firms list Terra One 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.

[ETA Capital](https://millionrounds.com/fund/eta-capital) Angel network Per its own site

[Formulate Ventures](https://millionrounds.com/fund/formulate-ventures) VC firm Per its own site

## Quick answers about Terra One

### Who invested in Terra One?

Terra One's investors include Andreessen Horowitz, Unpopular Ventures and 468 Capital.

### How much has Terra One raised?

Terra One has raised $185M across 2 rounds since 2024.

### When did Terra One last raise?

Terra One's most recent round was a Debt of $177M in Sept 2025.

### What was Terra One's biggest round?

Its most recent round, $177M in Sept 2025, is also its largest on record.

### Who backed Terra One first?

Terra One's first round on record, in Apr 2024, was backed by Andreessen Horowitz, Unpopular Ventures and 468 Capital.

### What stage is Terra One at?

Terra One's latest named round is a Debt, in Sept 2025.

### Where is Terra One based?

Terra One is based in Germany.

## Companies like Terra One

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

[**Rabot Energy** $50M · Oct 2026](https://millionrounds.com/company/rabot-energy)[**Reverion** $237M · Sept 2026](https://millionrounds.com/company/reverion)[**Nomos** $25M · Sept 2026](https://millionrounds.com/company/nomos)[**Proxima Fusion** $636M · Jul 2026](https://millionrounds.com/company/proxima-fusion)[**Anzana Electric Group** $40M · Jun 2026](https://millionrounds.com/company/anzana-electric-group)[**GALVANY** $12M · Jun 2026](https://millionrounds.com/company/galvany)

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