# VARM funding: rounds and investors

> VARM has raised $26M across 2 rounds since 2024. Investors include Foundamental and Pale blue dot. Every round with its source.

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

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

# Who invested in *VARM*

2 rounds we have observed, with the 2 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.

Energy

Raised 5 months ago

Funding summary Updated 26 Oct 2026

**$26M** raised across 2 rounds since 2024, from 2 sources

**$6.2M** Seed **$20M** Series A

- **Latest round:** Series A, $20M Jun 2026
- **Step-up i:** 3.2×
- **Investors:** 2

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.

2025 2026

**$6.2M** Seed

**$20M** Series A

- **First round:** Seed, $6.2M
- **Biggest round:** $20M
- **Between rounds:** 23 months

## The rounds

- **Jun 2026** Series A **$20M** *2 returning* [Foundamental](https://millionrounds.com/fund/foundamental) [Pale blue dot](https://millionrounds.com/fund/pale-blue-dot) Source recorded
- **Jul 2024** Seed **$6.2M** *2 new* [Foundamental](https://millionrounds.com/fund/foundamental) [Pale blue dot](https://millionrounds.com/fund/pale-blue-dot) Source recorded

## 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.

**Seed** 2024 **Series A** 2026 [Foundamental](https://millionrounds.com/fund/foundamental) [Pale blue dot](https://millionrounds.com/fund/pale-blue-dot)

## Everyone who backed them

[Foundamental](https://millionrounds.com/fund/foundamental) VC firm **2** rounds

[Pale blue dot](https://millionrounds.com/fund/pale-blue-dot) VC firm **2** rounds

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

## Also claim to have backed them

These 3 firms list VARM 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.

[Emerge Education](https://millionrounds.com/fund/emerge-education) VC firm Per its own site

[Aurum Impact](https://millionrounds.com/fund/aurum-impact) Family office Per its own site

[Emerge VC](https://millionrounds.com/fund/emerge-vc) VC firm Per its own site

## Quick answers about VARM

### Who invested in VARM?

VARM's investors include Foundamental and Pale blue dot.

### How much has VARM raised?

VARM has raised $26M across 2 rounds since 2024.

### When did VARM last raise?

VARM's most recent round was a Series A of $20M in Jun 2026.

### What was VARM's biggest round?

Its most recent round, $20M in Jun 2026, is also its largest on record.

### Who backed VARM first?

VARM's first round on record, in Jul 2024, was backed by Foundamental and Pale blue dot.

### What stage is VARM at?

VARM's latest named round is a Series A, in Jun 2026.

### Where is VARM based?

VARM is based in Germany.

## Companies like VARM

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

[**Rabot Energy** $50M · Oct 2026](https://millionrounds.com/company/rabot-energy)[**Reverion** $237M · Sept 2026](https://millionrounds.com/company/reverion)[**Nomos** $25M · Sept 2026](https://millionrounds.com/company/nomos)[**Proxima Fusion** $636M · Jul 2026](https://millionrounds.com/company/proxima-fusion)[**Anzana Electric Group** $40M · Jun 2026](https://millionrounds.com/company/anzana-electric-group)[**GALVANY** $12M · Jun 2026](https://millionrounds.com/company/galvany)

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