Funding round
EnergyX Series A
EnergyX, which works in lithium extraction technology development in Austin, raised $20M in a Series A round announced on 3 May 2021. 3 firms took part. It is EnergyX's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
EnergyX did not disclose a valuation in this round. It is EnergyX's first venture round on record, 3 years after it was founded in 2018. It is 2.4% of the $820M EnergyX has raised in the venture rounds on record. EnergyX raised again 14 months later: a Growth round of $450M in Jul 2022.
EnergyX's funding rounds
EnergyX has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Obsidian Acquisition Partners new investor
- Helios Capital new investor
- University of Texas new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
42 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $11M, and this round was 1.8 times the median. The closest in time, other companies' Series A rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 1 May 2021 | $11M | not disclosed | Ibex Investors |
| Chemicals | 3 May 2021 | $900K | not disclosed | not named |
| Chemicals | 22 Jun 2021 | $22M | not disclosed | Breakthrough Energy |
| FabricNano Chemicals | 30 Jun 2021 | $13M | not disclosed | Atomico |
| Chemicals | 1 Jun 2021 | $4.9M | not disclosed | not named |
| Chemicals | 9 Jun 2021 | $4.5M | not disclosed | not named |
| Chemicals | 30 Apr 2021 | $1.8M | not disclosed | O Financial Club and Women Angels for Steam |
| Twelve Chemicals | 8 Jul 2021 | $57M | not disclosed | Capricorn Technology Impact Fund and Carbon Direct Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did EnergyX raise in its Series A round?
EnergyX raised $20M in its Series A round, announced in May 2021.
Which investors took part in EnergyX's Series A round?
Obsidian Acquisition Partners, Helios Capital and University of Texas.
What was EnergyX's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Chemicals?
42 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $11M, and this round was 1.8 times the median.
Did EnergyX raise again after this round?
Yes: a Growth round in Jul 2022 of $450M.