# Terraform Industries funding: rounds and investors

> Terraform Industries has raised $44M across 2 rounds since 2023. Investors include Climate Capital. Every round with its source.

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

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

# Who invested in *Terraform Industries*

2 rounds we have observed, with the one investor 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

Raised 6 months ago

Funding summary Updated 26 Oct 2026

**$44M** raised across 2 rounds since 2023, from 2 sources

**$6.0M** Seed **$38M** Round

- **Latest round:** Round, $38M Apr 2026
- **Step-up i:** 6.3×
- **Investors:** 1

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.

2024 2025 2026

**$6.0M** Seed

**$38M** Round

- **First round:** Seed, $6.0M
- **Biggest round:** $38M
- **Between rounds:** 3 years

## The rounds

- **Apr 2026** Round **$38M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $38M sold, first sale Apr 2026
- **Apr 2023** Seed **$6.0M** *1 new* [Climate Capital](https://millionrounds.com/fund/climate-capital) Source recorded

## Founders and team

From Terraform Industries's own website: 7 on the team.

- **Analytical Chemist** Technical Chief of Staff
- **Ammonia Reactor Mechanical Technician** Generic Mineral Inputs Development Lead Engineer
- **Methanol Reactor Chemical Engineer** Methanol Reactor Design Engineer
- **Photovoltaic Systems Lead Engineer** Project Development and Construction Lead
- **Reactor Injection Compressor Engineer** Reactor Injection Controls Electromechanical Engineer
- **Reactor Injection Technician** Methane Reactor Design Engineer
- **Secret Projects Lead Engineer** Desalination Lead Engineer

## Everyone who backed them

[Climate Capital](https://millionrounds.com/fund/climate-capital) VC firm **1** round

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

## Also claim to have backed them

These 2 firms list Terraform Industries 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.

[HyperGuap](https://millionrounds.com/fund/hyperguap) Angel network Per its own site

[Rolling Fun](https://millionrounds.com/fund/rolling-fun) VC firm Per its own site

## Quick answers about Terraform Industries

### Who invested in Terraform Industries?

Terraform Industries's investors include Climate Capital.

### How much has Terraform Industries raised?

Terraform Industries has raised $44M across 2 rounds since 2023.

### When did Terraform Industries last raise?

Terraform Industries's most recent round, $38M, was in Apr 2026.

### What was Terraform Industries's biggest round?

Its most recent round, $38M in Apr 2026, is also its largest on record.

### Who backed Terraform Industries first?

Terraform Industries's first round on record, in Apr 2023, was backed by Climate Capital.

### What stage is Terraform Industries at?

Terraform Industries's latest named round is a Seed, in Apr 2023.

### Where is Terraform Industries based?

Terraform Industries is based in the United States.

## Companies like Terraform Industries

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)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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