Funding round
Form Energy Series G
Form Energy, which works in energy storage technology development in Weirton, raised $750M in a Series G round announced on 12 Aug 2026, led by T. Rowe Price. 18 firms took part, 12 of them already investors. It is Form Energy's seventh venture round on record; the one before was a Series F in Oct 2024.
$750M
Amount raised
Not disclosed
Post-money valuation
18
Investors
1 lead
Valuation
What this round says about the price
Form Energy did not disclose a valuation in this round; its last disclosed one was $339M at the Series C (Nov 2020). It came 22 months after Form Energy's Series F. It is 39% of the $1.93B Form Energy has raised in the venture rounds on record. No later venture round is on record for Form Energy.
Form Energy's funding rounds
Form Energy has 7 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 1 Jun 2018 $9.0M
- Series B 29 Aug 2019, led by Eni $40M
- Series C 30 Nov 2020, led by Coatue $76M$339M post-money
- Series D 22 Jul 2021, led by ArcelorMittal $200M
- Series E 4 Oct 2022, led by TPG $450M
- Series F 9 Oct 2024, led by T. Rowe Price $405M
- Debt not a venture round 16 Dec 2024 $50M
- Series G this round 12 Aug 2026, led by T. Rowe Price $750M
- Debt not a venture round 22 Sep 2026 $270M
Investors
Who put money in
T. Rowe Price led the round with 17 other firms. Prelude Ventures, Engine Ventures, TPG and Capricorn’s Technology Impact Funds and 8 more had backed Form Energy before.
Lead investor
- T. Rowe Price new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Janus Henderson new investor
- Franklin Templeton new investor
- backs 22 venture-backed companies new investor
- backs 62 venture-backed companies existing investor
- backs 27 venture-backed companies existing investor
- TPG backs 114 venture-backed companies existing investor
- Capricorn’s Technology Impact Funds existing investor
- Breakthrough Energy backs 113 venture-backed companies existing investor
- backs 16 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing investor
- Energy Impact Partners backs 99 venture-backed companies existing investor
- backs 53 venture-backed companies existing investor
- GE Vernova existing investor
- backs 8 venture-backed companies existing investor
- M&G Catalyst Fund existing investor
- Cari Tuna
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Whatnot Tech Companies | 10 Aug 2026 | $545M | $20.00B | ICONIQ and Lightspeed Venture Partners |
| Industrial Machinery & Supplies | 1 Sep 2026 | $42M | $1.35B | not named |
| Cyera Tech Companies | 10 Jun 2026 | $600M | $12.00B | Evolution Equity Partners |
| Alan Insurance - Agents, Carriers & Brokers | 25 Jun 2026 | $550M | $6.30B | Prosus |
| Helion Renewable energy companies | 4 Jun 2026 | $465M | $15.50B | Thrive Capital |
| Security Guards & Patrol Services | 16 Jun 2026 | $3.3M | not disclosed | not named |
| SiFive Electronical Components Manufacturing | 9 Apr 2026 | $400M | $3.65B | Atreides Management |
| Shield AI Aerospace and Defence | 26 Mar 2026 | $1.50B | $12.70B | Advent International and JPMorgan Chase |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Form Energy raise in its Series G round?
Form Energy raised $750M in its Series G round, announced in Aug 2026.
Who led Form Energy's Series G round?
T. Rowe Price led it, with Sequoia Capital, Janus Henderson, Franklin Templeton, PEAK6 and Prelude Ventures and 12 more.
What was Form Energy's valuation at the Series G round?
It was not disclosed; its last disclosed one was $339M at the Series C (Nov 2020).