# Xeal funding: rounds and investors

> Xeal has raised $40M across 1 round since 2022. Investors include Alpaca VC, Moderne Ventures and Los Angeles Cleantech Incubator. Every round with its source.

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

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

# Who invested in *Xeal*

One round we have observed, with the 3 investors 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.

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$40M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series B, $40M Nov 2022
- **Investors:** 3

See who backed them

## The rounds

- **Nov 2022** Series B **$40M** [Alpaca VC](https://millionrounds.com/fund/alpaca-vc) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [Los Angeles Cleantech Incubator](https://millionrounds.com/fund/la-cleantech-incubator-laci) Source recorded

## Founders and team

From Xeal's own website: 1 on the team.

- **Thomas S**, Director of Sustainability

## Everyone who backed them

[Alpaca VC](https://millionrounds.com/fund/alpaca-vc) VC firm **1** round

[Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) VC firm **1** round

[Los Angeles Cleantech Incubator](https://millionrounds.com/fund/la-cleantech-incubator-laci) Accelerator **1** round

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

## Also claim to have backed them

This firm lists Xeal as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Planetary Venture Capital](https://millionrounds.com/fund/planetary-venture-capital) VC firm Per its own site

## Quick answers about Xeal

### Who invested in Xeal?

Xeal's investors include Alpaca VC, Moderne Ventures and Los Angeles Cleantech Incubator.

### How much has Xeal raised?

Xeal has raised $40M across 1 round since 2022.

### When did Xeal last raise?

Xeal's most recent round was a Series B of $40M in Nov 2022.

### What was Xeal's biggest round?

Its most recent round, $40M in Nov 2022, is also its largest on record.

### Who backed Xeal first?

Xeal's first round on record, in Nov 2022, was backed by Alpaca VC, Moderne Ventures and Los Angeles Cleantech Incubator.

### What stage is Xeal at?

Xeal's latest named round is a Series B, in Nov 2022.

### Where is Xeal based?

Xeal is based in the United States.

## Companies like Xeal

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

[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)[**Waymo** $27B · Oct 2026](https://millionrounds.com/company/waymo)[**Flai** $32M · Oct 2026](https://millionrounds.com/company/flai)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Simple Energy** $199M · Sept 2026](https://millionrounds.com/company/simple-energy)

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