# ToffeeX funding: rounds and investors

> ToffeeX has raised $5.8M across 1 round since 2022. Investors include IQ Capital. Every round with its source.

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

United Kingdom · [Series A startup](https://millionrounds.com/companies)

# Who invested in *ToffeeX*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Aerospace & Space

Funding summary Updated 26 Oct 2026

**$5.8M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series A, $5.8M Nov 2022
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2022** Series A **$5.8M** [IQ Capital](https://millionrounds.com/fund/iq-capital) Source recorded

## Funding filed with regulators

ToffeeX filed 3 raises, $6.0M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2022 **$237K** UK share allotment
- Aug 2022 **$155K** UK share allotment
- Aug 2022 **$5.7M** UK share allotment

## Founders and team

From ToffeeX's own website: 1 founder, 2 on the team.

**Marco Pietropaoli** Founder & CEO

- **Faidon Mitzalis** Product Manager
- **Nicola Casari** Applications Engineering Lead

## Everyone who backed them

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

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

## Quick answers about ToffeeX

### Who invested in ToffeeX?

ToffeeX's investors include IQ Capital.

### How much has ToffeeX raised?

ToffeeX has raised $5.8M across 1 round since 2022.

### When did ToffeeX last raise?

ToffeeX's most recent round was a Series A of $5.8M in Nov 2022.

### What was ToffeeX's biggest round?

Its most recent round, $5.8M in Nov 2022, is also its largest on record.

### Who backed ToffeeX first?

ToffeeX's first round on record, in Nov 2022, was backed by IQ Capital.

### What stage is ToffeeX at?

ToffeeX's latest named round is a Series A, in Nov 2022.

### Where is ToffeeX based?

ToffeeX is based in the United Kingdom.

## Companies like ToffeeX

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

[**Foundational** $19M · Oct 2026](https://millionrounds.com/company/foundational)[**Open Cosmos** $403M · Sept 2026](https://millionrounds.com/company/open-cosmos)[**Productive Machines** $5.9M · Sept 2026](https://millionrounds.com/company/productive-machines)[**Cambridge Aerospace** $400M · Aug 2026](https://millionrounds.com/company/cambridge-aerospace)[**Archangel Lightworks** $17M · Aug 2026](https://millionrounds.com/company/archangel-lightworks)[**Holdson** $2.8M · Jul 2026](https://millionrounds.com/company/holdson)

## 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