# Zap Energy funding: rounds and investors

> Zap Energy has raised $130M across 1 round since 2024. Investors include US Department of Energy, DCVC and Valor Equity Partners. Every round with its source.

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

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

# Who invested in *Zap Energy*

One round we have observed, with the 5 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.

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Cleantech

Funding summary Updated 27 Oct 2026

**$130M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series D, $130M Sept 2024
- **Investors:** 5

See who backed them

## The rounds

- **Sept 2024** Series D **$130M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [DCVC](https://millionrounds.com/fund/data-collective) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) Source recorded SEC filing: $130M sold, first sale Jul 2024

## Founders and team

From Zap Energy's own website: 3 founders, 7 on the team.

**Benj Conway** President & Co-founder

**Uri Shumlak** Chief Scientist & Co-founder

**Brian A. Nelson** Distinguished Technology Fellow & Co-founder

- **Zabrina Johal** Chief Executive Officer
- **Ben Levitt** VP of Fusion Science
- **Brian Devine** VP of Finance
- **Dan Walter** VP of Fission Technology
- **Mark Collinson** VP of Fusion Engineering
- **Philip Jensen** VP of Fuel Programs and Operations
- **Ryan Umstattd** VP of Federal Programs

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[DCVC](https://millionrounds.com/fund/data-collective) VC firm **1** round

[Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **1** round

[Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **1** round

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

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

## Quick answers about Zap Energy

### Who invested in Zap Energy?

Zap Energy's investors include US Department of Energy, DCVC, Valor Equity Partners, Breakthrough Energy and Lowercarbon Capital.

### How much has Zap Energy raised?

Zap Energy has raised $130M across 1 round since 2024.

### When did Zap Energy last raise?

Zap Energy's most recent round was a Series D of $130M in Sept 2024.

### What was Zap Energy's biggest round?

Its most recent round, $130M in Sept 2024, is also its largest on record.

### Who backed Zap Energy first?

Zap Energy's first round on record, in Sept 2024, was backed by US Department of Energy, DCVC and Valor Equity Partners and 2 others.

### What stage is Zap Energy at?

Zap Energy's latest named round is a Series D, in Sept 2024.

### Where is Zap Energy based?

Zap Energy is based in the United States.

## Companies like Zap Energy

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

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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