Big round · 22 October 2026

Peak Energy raises $108M Series B led by GM Ventures

By Millionrounds ResearchPublished 22 October 2026Updated 28 October 2026

Peak Energy, based in United States, has raised $108M in a Series B led by GM Ventures, announced on 22 October 2026. 6 other investors joined. It is the 461st largest equity round we recorded in the twelve months to that date, and the 92nd largest Series B of 409. The median Series B over the same period was $50M, so this one is 2.2 times that. Its previous round on record was a venture round in June 2026, 5 months earlier.

Raised$108M9 sources reported it
StageSeries B2 earlier rounds on record
Investors71 named as lead
Where USUnited States

EnergyManufacturing

How big is it?

Against every equity round we recorded in the twelve months to 22 October 2026. Ranks count companies, so the same raise reported twice is counted once.

#461equity round of the last twelve months
#92Series B of 409 in that time
#292round in United States, of 1,253
This round$108M
Median Series B$50M

2.2 times the median Series B of the last twelve months.

Who invested

Also in the round

Funding history

  1. October 2026Series B$108M
  2. June 2026VentureUndisclosed
  3. July 2024Series A$55M

$163M raised across the 3 rounds we hold.

Reported by

  1. pulse2.com21 October
  2. Ventureburn21 October
  3. PR Newswire21 October
  4. Wowtale22 October
  5. wowtale.net22 October
  6. Mercom Capital Group23 October
  7. ess-news.com23 October
  8. pv-magazine.com23 October
  9. mercomindia.com28 October

The round's figures come from these reports; each link opens the original.

Other big rounds that week

Kalshi$1.0B Series GPPathos AI$237M Series EWWarhound$200M SeedWWarp Sciences$215M Series AXona$250M Series DTractian$130M Series D
The companyPeak Energy on Millionrounds→Weekly roundupWeek of 19 October→Monthly roundupOctober 2026→