# Energy startup funding, August 2026: Base Power's $1.0B Series D leads 17 rounds > We read 17 equity rounds in Energy announced in August 2026, raising $4.1B between them: 8% of all the rounds we read that month and 17% of the money. Source: https://millionrounds.com/news/monthly/2026-08/sector/energy (Millionrounds; every figure on the page links to its filing or article) Equity rounds **17** in Energy, 16 with an amount Raised **$4.1B** across those rounds Lead named **88%** of rounds say who led Share of the month **8%** of rounds; 17% of the money ## The biggest rounds - [1 B **Base Power** Series D · United States · led by Valor Equity Partners, Ribbit Capital **$1.0B**](https://millionrounds.com/company/base-power) - [2 **Valar Atomics** Series B · United States · led by Sequoia Capital **$1.0B**](https://millionrounds.com/company/valar-atomics) - [3 **Form Energy** Series G · United States · led by T. Rowe Price **$750M**](https://millionrounds.com/company/form-energy) - [4 **Antares** Series C · United States · led by Paradigm, Caffeinated Capital **$470M**](https://millionrounds.com/company/antares) - [5 **Panthalassa** Growth · United States · led by Hanwha Asset Management, 8090 Industries **$225M**](https://millionrounds.com/company/panthalassa) - [6 **Emerald AI** Series A · United States · led by DCVC, Energize Capital **$150M**](https://millionrounds.com/company/emerald-ai) - [7 E **Erco Energía** Series C · Colombia **$129M**](https://millionrounds.com/company/erco-energia) - [8 **Velaura AI** Series A · United States · led by Seligman Ventures **$110M**](https://millionrounds.com/company/velaura-ai) - [9 D **Dongxi Fusion** Pre-seed · China **$45M**](https://millionrounds.com/company/dongxi-fusion) - [10 **Ore Energy** Series A · Netherlands · led by HV Capital, Plural **$43M**](https://millionrounds.com/company/ore-energy) ## Day by day Equity rounds in Energy announced each day of August. The busiest day was 4 August, with 3. 1 August 31 August ## By stage, against the year Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *1* **$45M** this month **$2.0M** 12 months, all sectors [Seed](https://millionrounds.com/benchmarks/seed/energy) *2* **$20M** this month **$5.0M** 12 months here [Series A](https://millionrounds.com/benchmarks/series-a/energy) *7* **$40M** this month **$26M** 12 months here [Series B](https://millionrounds.com/benchmarks/series-b) *1* **$1.0B** this month **$50M** 12 months, all sectors [Series C](https://millionrounds.com/benchmarks/series-c) *2* **$300M** this month **$100M** 12 months, all sectors [Series D](https://millionrounds.com/benchmarks/series-d) *1* **$1.0B** this month **$150M** 12 months, all sectors [Growth](https://millionrounds.com/benchmarks/growth) *2* **$225M** this month **$113M** 12 months, all sectors ## Where - [United States](https://millionrounds.com/news/monthly/2026-08/united-states) **13** - [China](https://millionrounds.com/news/monthly/2026-08/china) **1** - Colombia **1** - Ireland **1** - Netherlands **1** United States had the most Energy rounds this month. ## Against the month - Rounds, Energy **17** - Rounds, all sectors **220** - Raised, Energy **$4.1B** - Raised, all sectors **$25B** [The whole of August 2026](https://millionrounds.com/news/monthly/2026-08) ## Other sectors in August [117 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-08/sector/ai)[32 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/fintech)[24 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/robotics)[21 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-08/sector/construction)[18 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-08/sector/healthcare)[18 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/software)[14 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/logistics)[14 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/big-data)[13 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/defensetech)[12 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/enterprise-software)[12 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cloud)[11 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cleantech)[11 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/biotech)[11 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cybersecurity)[10 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/climate) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, by the sectors we file each company under; a company can sit in more than one, so sector roundups overlap. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each sector with 10 or more equity rounds in a month gets its own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)