Funding round
Base Power Series D
Base Power, which works in home backup power system installation in Austin, raised $1.00B in a Series D round announced on 3 Aug 2026, led by Ribbit, Addition, Valor and JPMorgan Chase's Strategic Investment Group, at a $13.00B post-money valuation. 15 firms took part, 7 of them already investors. It is Base Power's third venture round on record; the one before was a Series C in Oct 2025.
$1.00B
Amount raised
$13.00B
Post-money valuation
$12.00B pre-money
15
Investors
4 leads
7.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Base Power at $13.00B after the new money. The $1.00B bought investors about 7.7% of the company. It came 10 months after Base Power's Series C. It is 45% of the $2.20B Base Power has raised in the venture rounds on record. No later venture round is on record for Base Power.
Base Power's funding rounds
Base Power has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Ribbit, Addition, Valor and JPMorgan Chase's Strategic Investment Group led the round with 11 other firms. Ribbit, Valor, Thrive Capital and Andreessen Horowitz and 3 more had backed Base Power before.
Lead investors
Also in the round
- Thrive Capital backs 130 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- backs 17 venture-backed companies existing investor
- CapitalG backs 70 venture-backed companies existing investor
- Altimeter backs 67 venture-backed companies new investor
- D1 Capital Partners new investor
- Sands Capital backs 71 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Layer Global new investor
- Energy Impact Partners backs 99 venture-backed companies new investor
Joined the board: Lee Fixel (Addition) and Antonio Gracias (Valor).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Utility companies, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Utility companies | 8 Oct 2026 | $225M | not disclosed | Generation Investment Management and Activate Capital |
| Hadrian Aerospace and Defence | 6 Aug 2026 | $1.37B | $7.87B | WCM Investment Management and Washington Harbour |
| Solar Energy Company | 3 Aug 2026 | $1.00B | $13.00B | Ribbit and Addition |
| Owner Tech Companies | 28 Aug 2026 | $240M | $2.30B | Goldman Sachs Alternatives |
| Trucking and Logistics | 25 Aug 2026 | $200M | $882M | Qatar Investment Authority and Koch Disruptive Technologies |
| ALSO Automobile Dealers & Manufacturers | 19 Aug 2026 | $150M | not disclosed | Prysm Capital |
| Tech Companies | 23 Aug 2026 | $131M | not disclosed | Planet First Partners |
| Consumer Electronics Company | 23 Aug 2026 | $110M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Base Power raise in its Series D round?
Base Power raised $1.00B in its Series D round, announced in Aug 2026.
Who led Base Power's Series D round?
Ribbit, Addition, Valor and JPMorgan Chase's Strategic Investment Group led it, with Thrive Capital, Andreessen Horowitz, Lightspeed Venture Partners, Trust Ventures and CapitalG and 6 more.
What was Base Power's valuation at the Series D round?
$13.00B post-money ($12.00B pre-money).