# Vulcan Elements funding: rounds and investors

> Vulcan Elements has raised $1.1B across 3 rounds since 2025. Investors include FJ Labs, Nvp Capital and Washington Harbour Partners Lp.

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

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Vulcan Elements*

3 rounds we have observed, with the 5 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.

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Aerospace & Space Automotive & EVs Defence Tech Manufacturing

Raised 7 months ago

Funding summary Updated 27 Oct 2026

**$1.1B** raised across 3 rounds since 2025, from 3 sources

**$65M** Series A **$620M** Debt **$431M** Venture

- **Latest round:** Venture, $431M Apr 2026
- **Biggest round:** $620M Debt · Nov 2025
- **Investors:** 5 (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.

2026

**$65M** Series A

**$620M** Debt

**$431M** Venture

- **First round:** Series A, $65M
- **Biggest round:** $620M
- **Usual gap between rounds:** 5 months

## The rounds

- **Apr 2026** Venture **$431M** *3 returning* [FJ Labs](https://millionrounds.com/fund/fj-labs) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Source recorded SEC filing: $431M sold
- **Nov 2025** Debt **$620M** *2 new* *1 returning* [FJ Labs](https://millionrounds.com/fund/fj-labs) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Source recorded SEC filing: $62M sold, first sale Aug 2025
- **Aug 2025** Series A **$65M** *3 new* [Altimeter](https://millionrounds.com/fund/altimeter-capital) Lead [FJ Labs](https://millionrounds.com/fund/fj-labs) [One Investment Management](https://millionrounds.com/fund/one-investment-management) Reported by TechStartups SEC filing: $62M sold, first sale Aug 2025

## Founders and team

From Vulcan Elements's own website: 8 on the team.

- **John Maslin** Chief Executive Officer
- **Jake Bowles** Chief Operating Officer
- **Piotr Kulik** Chief Technology Officer
- **Scott Glover** Chief Commercial Officer
- **Adam Rieth** Head Of Technology
- **Jonah Glick-Unterman** Head Of Strategy
- **Paul LaClaire** Head Of Supply Chain
- **Tom Wood** Head Of Manufacturing

## 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 A** 2025 **Debt** 2025 **Venture** 2026 [FJ Labs](https://millionrounds.com/fund/fj-labs) [Nvp Capital](https://millionrounds.com/fund/nvp-capital) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) [Altimeter](https://millionrounds.com/fund/altimeter-capital) L [One Investment Management](https://millionrounds.com/fund/one-investment-management)

## Everyone who backed them

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **3** rounds

[Nvp Capital](https://millionrounds.com/fund/nvp-capital) VC firm **2** rounds

[Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Private equity **2** rounds

[Altimeter](https://millionrounds.com/fund/altimeter-capital) VC firm **1** round, led 1

[One Investment Management](https://millionrounds.com/fund/one-investment-management) VC firm **1** round

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

## Also claim to have backed them

These 10 firms list Vulcan Elements 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.

[Big Brain Holdings](https://millionrounds.com/fund/big-brain-holdings) VC firm Per its own site

[Glynn Capital Management](https://millionrounds.com/fund/glynn-capital) VC firm Per its own site

[Fifth Down](https://millionrounds.com/fund/fifth-down) VC firm Per its own site

[Blindspot Ventures](https://millionrounds.com/fund/blindspot-ventures) VC firm Per its own site

[The MBA Fund](https://millionrounds.com/fund/the-mba-fund) VC firm Per its own site

[Fifth Down Capital](https://millionrounds.com/fund/fifth-down-capital) Private equity Per its own site

[Inertia Ventures](https://millionrounds.com/fund/inertia-ventures) VC firm Per its own site

[Junipero Capital](https://millionrounds.com/fund/junipero-capital) VC firm Per its own site

[Starframe Capital](https://millionrounds.com/fund/starframe-capital) Investment firm Per its own site

[The Astro Group LLC](https://millionrounds.com/fund/the-astro-group-llc) Investor Per its own site

## Quick answers about Vulcan Elements

### Who invested in Vulcan Elements?

Vulcan Elements's investors include FJ Labs, Nvp Capital, Washington Harbour Partners Lp, Altimeter and One Investment Management.

### How much has Vulcan Elements raised?

Vulcan Elements has raised $1.1B across 3 rounds since 2025.

### When did Vulcan Elements last raise?

Vulcan Elements's most recent round was a Venture of $431M in Apr 2026.

### What was Vulcan Elements's biggest round?

Vulcan Elements's largest round on record is $620M (Debt), in Nov 2025.

### Who backed Vulcan Elements first?

Vulcan Elements's first round on record, in Aug 2025, was backed by Altimeter, FJ Labs and One Investment Management.

### What stage is Vulcan Elements at?

Vulcan Elements's latest named round is a Venture, in Apr 2026.

### Where is Vulcan Elements based?

Vulcan Elements is based in the United States.

### Who led Vulcan Elements's rounds?

Altimeter led the Series A in 2025.

## Companies like Vulcan Elements

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

[**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)[**Bedrock Robotics** $870M · Oct 2026](https://millionrounds.com/company/bedrock-robotics)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)

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