# Thea Energy funding: rounds and investors > Thea Energy has raised $120M across 2 rounds since 2026. Investors include Alumni Ventures, Gaingels and Lowercarbon Capital. Every round with its source. Source: https://millionrounds.com/company/thea-energy (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Thea Energy* 2 rounds we have observed, with the 18 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. Climate Tech Energy Manufacturing Raised 3 months ago Follow Thea Energy and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fthea-energy) Funding summary Updated 5 Nov 2026 **$120M** raised across 2 rounds since 2026, from 3 sources **$100M** Series B **$20M** Grant - **Latest round:** Grant, $20M Jul 2026 - **Biggest round:** $100M Series B · May 2026 - **Investors:** 18 (1 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. 2027 **$100M** Series B **$20M** Grant - **First round:** Series B, $100M - **Biggest round:** $100M - **Between rounds:** 2 months ## The rounds - **Jul 2026** Grant **$20M** *1 new* *4 returning* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) Reported by TechCrunch - **May 2026** Series B **$100M** *17 new* [US Innovative Technology](https://millionrounds.com/fund/us-innovative-technology) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Climate Capital](https://millionrounds.com/fund/climate-capital) [Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) [Linse Capital](https://millionrounds.com/fund/linse-capital) [Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) [General Innovation Capital](https://millionrounds.com/fund/general-innovation-capital-partners) [Divergent Capital](https://millionrounds.com/fund/divergent-capital) [Idemitsu Kosan](https://millionrounds.com/fund/idemitsu-kosan) [Overlay Capital](https://millionrounds.com/fund/overlay-capital) [Calm Ventures](https://millionrounds.com/fund/calm-ventures) [Timescale Ventures](https://millionrounds.com/fund/timescale-ventures) [What If Ventures](https://millionrounds.com/fund/what-if-ventures) Also list them on their own site [Beyond Earth Ventures](https://millionrounds.com/fund/beyond-earth-ventures) [Beyond Earth LLC](https://millionrounds.com/fund/beyond-earth-llc) Reported by TechCrunch and 1 other ## 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. **Series B** 2026 **Grant** 2026 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) [US Innovative Technology](https://millionrounds.com/fund/us-innovative-technology) L [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Climate Capital](https://millionrounds.com/fund/climate-capital) [Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) [Linse Capital](https://millionrounds.com/fund/linse-capital) ## Everyone who backed them [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **2** rounds [Gaingels](https://millionrounds.com/fund/gaingels) Private equity **2** rounds [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) VC firm **2** rounds [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) Corporate VC **2** rounds [US Innovative Technology](https://millionrounds.com/fund/us-innovative-technology) Private equity **1** round, led 1 [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round [Climate Capital](https://millionrounds.com/fund/climate-capital) VC firm **1** round [Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) VC firm **1** round [Prelude Ventures](https://millionrounds.com/fund/prelude-ventures) VC firm **1** round [Linse Capital](https://millionrounds.com/fund/linse-capital) VC firm **1** round [Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) VC firm **1** round [General Innovation Capital](https://millionrounds.com/fund/general-innovation-capital-partners) Private equity **1** round [Divergent Capital](https://millionrounds.com/fund/divergent-capital) VC firm **1** round [Idemitsu Kosan](https://millionrounds.com/fund/idemitsu-kosan) Growth equity **1** round [Overlay Capital](https://millionrounds.com/fund/overlay-capital) Growth equity **1** round [Calm Ventures](https://millionrounds.com/fund/calm-ventures) VC firm **1** round [Timescale Ventures](https://millionrounds.com/fund/timescale-ventures) VC firm **1** round [What If Ventures](https://millionrounds.com/fund/what-if-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=thea-energy). ## Also claim to have backed them These 5 firms list Thea Energy 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. [Volo Earth Ventures](https://millionrounds.com/fund/volo-earth-ventures) VC firm Per its own site [Beyond Earth Ventures](https://millionrounds.com/fund/beyond-earth-ventures) VC firm Series B, per its site [Ripple Impact Investments](https://millionrounds.com/fund/ripple-impact-investments) Growth equity Per its own site [Beyond Earth LLC](https://millionrounds.com/fund/beyond-earth-llc) Investor Series B, per its site [KI capital GmbH](https://millionrounds.com/fund/ki-capital-gmbh) Corporate VC Per its own site ## Quick answers about Thea Energy ### Who invested in Thea Energy? Thea Energy's investors include Alumni Ventures, Gaingels, Lowercarbon Capital, Hitachi Ventures and US Innovative Technology, and 13 more on record. ### How much has Thea Energy raised? Thea Energy has raised $120M across 2 rounds since 2026. ### When did Thea Energy last raise? Thea Energy's most recent round was a Grant of $20M in Jul 2026. ### What was Thea Energy's biggest round? Thea Energy's largest round on record is $100M (Series B), in May 2026, led by US Innovative Technology. ### Who backed Thea Energy first? Thea Energy's first round on record, in May 2026, was backed by US Innovative Technology, Alumni Ventures and Gaingels and 14 others. ### What stage is Thea Energy at? Thea Energy's latest named round is a Grant, in Jul 2026. ### Where is Thea Energy based? Thea Energy is based in the United States. ### Who led Thea Energy's rounds? US Innovative Technology led the Series B in 2026. ## Companies like Thea Energy In the same sector, and raised in the last eighteen months. [**Tutor Intelligence** $109M · Nov 2026](https://millionrounds.com/company/tutor-intelligence)[**Agility Robotics** $1.3B · Oct 2026](https://millionrounds.com/company/agility-robotics)[**Group14 Technologies** $632M · Oct 2026](https://millionrounds.com/company/group14-technologies)[**Foundry Robotics** $106M · Oct 2026](https://millionrounds.com/company/foundry-robotics)[**Mammoth Energy Services** $58M · Oct 2026](https://millionrounds.com/company/mammoth-energy-services)[**DMC Biotechnologies** $19M · Oct 2026](https://millionrounds.com/company/dmc-biotechnologies) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app