United Kingdom · 
Who invested in Trojan Energy?
Trojan Energy's investors include Innovate UK, Business Growth Fund and Scottish Enterprise.
202220232024
$6.7MRound$33MVenture
United Kingdom · Venture startup
Who invested in Trojan Energy
Funding summaryUpdated 26 Oct 2026
$40Mraised across 2 rounds since 2021, from 2 sources
$6.7MRound$33MVenture
- Latest round
- Venture, $33MJan 2024
- Step-upi
- 4.9×
- Investors
- 3
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $6.7M Aug 2021
- Biggest round
- $33M Venture · Jan 2024
- Between rounds
- 2.4 years from the last two
The rounds
- Jan 2024
- Aug 2021Round$6.7M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
Funding filed with regulators
Trojan Energy filed 3 raises, $40M in all. Filings say how much was sold and to how many investors; they never name the investors.
- Jan 2024$21MUK share allotment
- Dec 2023$15MUK share allotment
- Aug 2021$3.4MUK share allotment
Founders and team
From Trojan Energy's own website: 5 on the team.
- Ian MackenzieChief Executive Officer
- Hugh MackenzieChief Operating Officer
- Jennifer HeitonChief Financial Officer
- John NichollsChief Commercial Officer
- Sandy ThomChief Technical Officer
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.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Trojan Energy
How much has Trojan Energy raised?
Trojan Energy has raised $40M across 2 rounds since 2021.
When did Trojan Energy last raise?
Trojan Energy's most recent round was a Venture of $33M in Jan 2024.
What was Trojan Energy's biggest round?
Its most recent round, $33M in Jan 2024, is also its largest on record.
Who backed Trojan Energy first?
Trojan Energy's first round on record, in Jan 2024, was backed by Innovate UK, Business Growth Fund and Scottish Enterprise.
What stage is Trojan Energy at?
Trojan Energy's latest named round is a Venture, in Jan 2024.
Where is Trojan Energy based?
Trojan Energy is based in the United Kingdom.
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