# Terrestrial Energy funding: rounds and investors

> Terrestrial Energy has raised $76M across 2 rounds since 2025. Investors include US Department of Energy. Every round with its source.

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

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

# Who invested in *Terrestrial Energy*

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.

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Cleantech

Funding summary Updated 27 Oct 2026

**$76M** raised across 2 rounds since 2025, from 2 sources

**$26M** Venture **$50M** Round

- **Latest round:** Round, $50M Oct 2025
- **Step-up i:** 1.9×
- **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.

2026

**$26M** Venture

**$50M** Round

- **First round:** Venture, $26M
- **Biggest round:** $50M
- **Between rounds:** 3 months

## The rounds

- **Oct 2025** Round **$50M** *1 returning* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded SEC filing: $26M sold, first sale Jul 2025
- **Jul 2025** Venture **$26M** *1 new* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded SEC filing: $26M sold, first sale Jul 2025

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **2** rounds

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

## Quick answers about Terrestrial Energy

### Who invested in Terrestrial Energy?

Terrestrial Energy's investors include US Department of Energy.

### How much has Terrestrial Energy raised?

Terrestrial Energy has raised $76M across 2 rounds since 2025.

### When did Terrestrial Energy last raise?

Terrestrial Energy's most recent round was an Undisclosed round of $50M in Oct 2025.

### What was Terrestrial Energy's biggest round?

Its most recent round, $50M in Oct 2025, is also its largest on record.

### Who backed Terrestrial Energy first?

Terrestrial Energy's first round on record, in Jul 2025, was backed by US Department of Energy.

### What stage is Terrestrial Energy at?

Terrestrial Energy's latest named round is an Undisclosed round, in Oct 2025.

### Where is Terrestrial Energy based?

Terrestrial Energy is based in Canada.

## Companies like Terrestrial Energy

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

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**Nunavut Nunkiksautiit Corporation** $10M · Jun 2026](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation)[**BrandPilot** $549K · May 2026](https://millionrounds.com/company/brandpilot)

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