# Thermulon funding: rounds and investors > Thermulon has raised $158M across 2 rounds since 2022. Investors include Crowdcube, Unruly Capital and Sustainable Ventures. Every round with its source. Source: https://millionrounds.com/company/thermulon (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Venture startup](https://millionrounds.com/companies) # Who invested in *Thermulon* 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. Construction Funding summary Updated 26 Oct 2026 **$158M** raised across 2 rounds since 2022, from 2 sources - **Latest round:** Venture Jan 2023 - **Biggest round:** $158M Round · Apr 2022 - **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. 2023 **$158M** Round **?** Venture - **First round:** Round, $158M - **Biggest round:** $158M - **Between rounds:** 9 months ## The rounds - **Jan 2023** Venture **Amount undisclosed** *3 new* [Crowdcube](https://millionrounds.com/fund/crowdcube) [Unruly Capital](https://millionrounds.com/fund/unruly-capital) [Sustainable Ventures](https://millionrounds.com/fund/sustainable-ventures) Source recorded - **Apr 2022** Round **$158M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators Thermulon filed one raise, $158M in all. Filings say how much was sold and to how many investors; they never name the investors. - Apr 2022 **$158M** UK share allotment ## Founders and team From Thermulon's own website: 1 founder, 6 on the team. **Dr Samuel Cryer** Co-founder and CEO - **Dr Rulande Rutgers** CTO - **Dr Alyne Lamy** Head of Chemistry and Product - **Dr Pauline Shamraienko** Head of Application Development - **Dr Stephen Parirenyatwa** Head of Process Development - **Dr Terrence Willson** Head of Application Development - **Hannah Rudolph** Operations Lead ## 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. **Round** 2022 **Venture** 2023 [Crowdcube](https://millionrounds.com/fund/crowdcube) [Unruly Capital](https://millionrounds.com/fund/unruly-capital) [Sustainable Ventures](https://millionrounds.com/fund/sustainable-ventures) ## Everyone who backed them [Crowdcube](https://millionrounds.com/fund/crowdcube) VC firm **1** round [Unruly Capital](https://millionrounds.com/fund/unruly-capital) VC firm **1** round [Sustainable Ventures](https://millionrounds.com/fund/sustainable-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=thermulon). ## Also claim to have backed them These 3 firms list Thermulon 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. [Deep Science Ventures](https://millionrounds.com/fund/deep-science-ventures) Accelerator Per its own site [regeneration.vc](https://millionrounds.com/fund/regeneration-vc) VC firm Per its own site [Embryo Ventures](https://millionrounds.com/fund/embryo-ventures) VC firm Per its own site ## Quick answers about Thermulon ### Who invested in Thermulon? Thermulon's investors include Crowdcube, Unruly Capital and Sustainable Ventures. ### How much has Thermulon raised? Thermulon has raised $158M across 2 rounds since 2022. One round did not disclose an amount, so the total is a floor. ### When did Thermulon last raise? Thermulon's most recent round was a Venture in Jan 2023. ### What was Thermulon's biggest round? Thermulon's largest round on record is $158M, in Apr 2022. ### Who backed Thermulon first? Thermulon's first round on record, in Jan 2023, was backed by Crowdcube, Unruly Capital and Sustainable Ventures. ### What stage is Thermulon at? Thermulon's latest named round is a Venture, in Jan 2023. ### Where is Thermulon based? Thermulon is based in the United Kingdom. ## Companies like Thermulon In the same sector, and raised in the last eighteen months. [**Marrow** $2.0M · Oct 2026](https://millionrounds.com/company/marrow)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Penelope Health** $100M · Sept 2026](https://millionrounds.com/company/penelope-health)[**Callosum** $110M · Aug 2026](https://millionrounds.com/company/callosum)[**Materials Market** $8.7M · Aug 2026](https://millionrounds.com/company/materials-market)[**MS3 Networks** $136M · Jul 2026](https://millionrounds.com/company/ms3-networks) ## 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