Funding round
EnergyX Growth
Reported as "Growth Equity"
EnergyX, which works in lithium extraction technology development in Austin, raised $75M in a Growth round announced on 4 Oct 2024. 6 firms took part, with 1 individual investor. It is EnergyX's fourth venture round on record; the one before was a Series B in Apr 2023.
$75M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
EnergyX did not disclose a valuation in this round. It came 18 months after EnergyX's Series B. It is 9.1% of the $820M EnergyX has raised in the venture rounds on record. EnergyX raised again 21 months later: a Growth round of $225M in Jul 2026.
EnergyX's funding rounds
EnergyX has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- backs 4 venture-backed companies new investor
- The University Of Texas At Austin new investor
- Helios Capital new investor
- Mirza Canada new investor
- DealMaker new investor
- new investor
Individual investors: retail investors.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $56M, and this round was 1.3 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Twelve Chemicals | 19 Sep 2024 | $400M | not disclosed | TPG |
| Chemicals | 14 Nov 2024 | $48M | not disclosed | Carbyne Equity Partners |
| Chemicals | 23 Sep 2024 | $9.8M | not disclosed | BGF and Green Generation |
| Chemicals | 4 Sep 2024 | undisclosed | not disclosed | not named |
| Chemicals | 15 Jan 2025 | $56M | not disclosed | Aramco Ventures and SV INVESTMENT |
| Chemicals | 28 Jan 2025 | $35M | not disclosed | Mitsubishi Corporation |
| Chemicals | 1 Jan 2025 | $33M | not disclosed | not named |
| Chemicals | 25 Jun 2024 | $69M | not disclosed | Decarbonization Partners |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did EnergyX raise in its Growth round?
EnergyX raised $75M in its Growth round, announced in Oct 2024.
Which investors took part in EnergyX's Growth round?
Kawn Ventures, The University Of Texas At Austin, Helios Capital, Mirza Canada, DealMaker and Knockout Capital.
What was EnergyX's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Chemicals?
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $56M, and this round was 1.3 times the median.
Did EnergyX raise again after this round?
Yes: a Growth round in Jul 2026 of $225M.