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Group14 valuation, funding and investors

Group14 works in silicon battery material manufacturing, based in Woodinville, United States. Founded in 2015, it has about 239 employees.

Batteries Woodinville Series D
VALUATION · TODAY
$6.13B −16% after Series D
Range $3.33B – $9.72B · Grade B
TODAY
+12 MO
$5.00B
$10.00B
$15.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $18.0M
Series B $17.0M
Series C $400M
Series D $463M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY239 employees
−9%6m growth
−9%1y growth
−8%2y growth
200
400
Data from Jan 2021
TODAY
Predicted in 1 yr $5.15B −16% vs today
Predicted next raise $806M if a round comes
Winding-down probability 57%
Last round
Series D · $463M · Aug 2025
Valuation at last round
$5.79B · implied
Headcount
239 · down
Grade
B
Founded
2015
How VCMC values companies →

Group14 valuation today

VCMC values Group14 at $6.1B today, with a range of $3.3B to $9.7B and a grade of B. The valuation starts from its last funding round, a Series D round in Aug 2025.

Valuation by date (147 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Group14: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$5.59M$2.04M – $15.4M$5.86M (+5%)before first round–unknownD0%
1 Feb 2015$5.62M$2.04M – $15.4M$5.88M (+5%)before first round–unknownD0%
1 Mar 2015$5.64M$2.05M – $15.5M$5.91M (+5%)before first round–unknownD0%
1 Apr 2015$5.66M$2.06M – $15.5M$5.93M (+5%)before first round–unknownD0%
1 May 2015$5.68M$2.07M – $15.6M$5.95M (+5%)before first round–unknownD0%
1 Jun 2015$5.70M$2.08M – $15.7M$5.98M (+5%)before first round–unknownD0%
1 Jul 2015$5.72M$2.08M – $15.7M$6.00M (+5%)before first round–unknownD0%
1 Aug 2015$5.75M$2.09M – $15.8M$6.15M (+7%)before first round–unknownD0%
1 Sep 2015$5.77M$2.10M – $15.8M$6.32M (+10%)before first round–unknownD0%
1 Oct 2015$5.79M$2.11M – $15.9M$6.49M (+12%)before first round–unknownD0%
1 Nov 2015$5.82M$2.12M – $16.0M$6.66M (+15%)before first round–unknownD0%
1 Dec 2015$5.84M$2.13M – $16.0M$6.84M (+17%)before first round–unknownD0%
1 Jan 2016$5.86M$2.13M – $16.1M$7.03M (+20%)before first round–unknownD0%
1 Feb 2016$5.88M$2.14M – $16.2M$7.22M (+23%)before first round–unknownD0%
1 Mar 2016$5.91M$2.15M – $16.2M$7.40M (+25%)before first round–unknownD0%
1 Apr 2016$5.93M$2.16M – $16.3M$7.60M (+28%)before first round–unknownD0%
1 May 2016$5.95M$2.17M – $16.4M$7.80M (+31%)before first round–unknownD0%
1 Jun 2016$5.98M$2.18M – $16.4M$8.01M (+34%)before first round–unknownD0%
1 Jul 2016$6.00M$2.18M – $16.5M$8.22M (+37%)before first round–unknownD0%
1 Aug 2016$6.16M$2.24M – $16.9M$8.44M (+37%)before first round–unknownD0%
1 Sep 2016$6.33M$2.30M – $17.4M$8.67M (+37%)before first round–unknownD0%
1 Oct 2016$6.49M$2.36M – $17.8M$8.90M (+37%)before first round–unknownD0%
1 Nov 2016$6.67M$2.43M – $18.3M$9.14M (+37%)before first round–unknownD0%
1 Dec 2016$6.84M$2.49M – $18.8M$9.38M (+37%)before first round–unknownD0%
1 Jan 2017$7.03M$2.56M – $19.3M$9.63M (+37%)before first round–unknownD0%
1 Feb 2017$7.22M$2.63M – $19.8M$9.89M (+37%)before first round–unknownD0%
1 Mar 2017$7.39M$2.69M – $20.3M$10.1M (+37%)before first round–unknownD0%
1 Apr 2017$7.59M$2.76M – $20.9M$10.4M (+37%)before first round–unknownD0%
1 May 2017$7.79M$2.84M – $21.4M$10.7M (+37%)before first round–unknownD0%
1 Jun 2017$8.00M$2.91M – $22.0M$11.0M (+37%)before first round–unknownD0%
1 Jul 2017$8.21M$2.99M – $22.6M$11.3M (+37%)before first round–unknownD0%
1 Aug 2017$8.44M$3.07M – $23.2M$11.6M (+37%)before first round–unknownD0%
1 Sep 2017$8.67M$3.15M – $23.8M$11.9M (+37%)before first round–unknownD0%
1 Oct 2017$8.89M$3.24M – $24.4M$12.2M (+37%)before first round–unknownD0%
1 Nov 2017$9.14M$3.33M – $25.1M$12.5M (+37%)before first round–unknownD0%
1 Dec 2017$9.37M$3.41M – $25.8M$12.9M (+37%)before first round–unknownD0%
1 Jan 2018$9.63M$3.51M – $26.5M$13.2M (+37%)before first round–unknownD0%
1 Feb 2018$9.89M$3.60M – $27.2M$13.6M (+37%)before first round–unknownD0%
1 Mar 2018$10.1M$3.69M – $27.8M$13.9M (+37%)before first round–unknownD0%
1 Apr 2018$10.4M$3.79M – $28.6M$14.3M (+37%)before first round–unknownD0%
1 May 2018$10.7M$3.89M – $29.3M$14.6M (+37%)before first round–unknownD0%
1 Jun 2018$11.0M$3.99M – $30.1M$15.0M (+37%)before first round–unknownD0%
1 Jul 2018$11.3M$4.10M – $30.9M$15.4M (+37%)before first round–unknownD0%
1 Aug 2018$11.6M$4.21M – $31.8M$15.6M (+35%)before first round–unknownD0%
1 Sep 2018$11.9M$4.33M – $32.6M$15.7M (+32%)before first round–unknownD0%
1 Oct 2018$12.2M$4.44M – $33.5M$15.9M (+30%)before first round–unknownD0%
1 Nov 2018$12.5M$4.56M – $34.4M$16.0M (+28%)before first round–unknownD0%
1 Dec 2018$12.9M$4.68M – $35.3M$16.2M (+26%)before first round–unknownD0%
1 Jan 2019$13.2M$4.81M – $36.3M$16.3M (+24%)before first round–unknownD0%
1 Feb 2019$13.6M$4.94M – $37.3M$16.5M (+21%)before first round–unknownD0%
1 Mar 2019$13.9M$5.06M – $38.2M$16.6M (+19%)before first round–unknownD0%
1 Apr 2019$14.3M$5.20M – $39.2M$16.8M (+17%)before first round–unknownD0%
1 May 2019$14.6M$5.33M – $40.2M$16.9M (+15%)before first round–unknownD0%
1 Jun 2019$15.0M$5.48M – $41.3M$17.1M (+13%)before first round–unknownD0%
1 Jul 2019$15.4M$5.62M – $42.4M$17.2M (+11%)before first round–unknownD0%
1 Aug 2019$15.6M$5.68M – $42.8M$17.4M (+11%)before first round–unknownD0%
1 Sep 2019$15.7M$5.73M – $43.2M$17.5M (+11%)before first round–unknownD0%
1 Oct 2019$15.9M$5.78M – $43.6M$17.7M (+11%)before first round–unknownD0%
1 Nov 2019$16.0M$5.83M – $44.0M$17.8M (+11%)before first round–unknownD0%
26 Nov 2019$100M$65.7M – $274M$180M (+80%)after a round–unknownC0%
1 Dec 2019$101M$65.7M – $274M$180M (+78%)after a round–unknownC0%
1 Jan 2020$106M$65.7M – $274M$180M (+70%)after a round–unknownC0%
1 Feb 2020$112M$65.7M – $274M$180M (+61%)after a round–unknownC0%
1 Mar 2020$117M$65.7M – $274M$180M (+54%)after a round–unknownC0%
1 Apr 2020$123M$65.7M – $274M$180M (+46%)after a round–unknownC0%
1 May 2020$129M$65.7M – $274M$180M (+40%)after a round–unknownC0%
1 Jun 2020$136M$65.7M – $274M$180M (+33%)after a round–unknownC0%
1 Jul 2020$142M$65.7M – $274M$180M (+27%)after a round–unknownC0%
1 Aug 2020$150M$65.7M – $274M$180M (+20%)after a round–unknownC0%
1 Sep 2020$157M$65.7M – $274M$180M (+15%)after a round–unknownC0%
1 Oct 2020$165M$65.7M – $274M$180M (+9%)after a round–unknownC0%
1 Nov 2020$173M$65.7M – $274M$180M (+4%)after a round–unknownC0%
1 Dec 2020$180M$65.0M – $274M$180M (0%)after a round–unknownC0%
22 Dec 2020$138M$97.1M – $293M$207M (+50%)after a round–unknownB0%
1 Jan 2021$139M$97.1M – $293M$207M (+48%)after a round14unknownB0%
1 Feb 2021$144M$97.1M – $293M$207M (+43%)after a round14unknownB0%
1 Mar 2021$149M$97.1M – $293M$207M (+39%)after a round14unknownB0%
1 Apr 2021$154M$97.1M – $293M$207M (+34%)after a round14flatB0%
1 May 2021$159M$97.1M – $293M$207M (+30%)after a round14flatB0%
1 Jun 2021$165M$97.1M – $293M$207M (+25%)after a round14flatB0%
1 Jul 2021$171M$97.1M – $293M$207M (+21%)after a round14flatB0%
1 Aug 2021$176M$97.1M – $293M$207M (+17%)after a round14flatB0%
1 Sep 2021$183M$97.1M – $293M$207M (+13%)after a round14flatB0%
1 Oct 2021$189M$97.1M – $293M$207M (+9%)after a round14flatB0%
1 Nov 2021$195M$97.1M – $293M$207M (+6%)after a round14flatB0%
1 Dec 2021$202M$97.1M – $293M$207M (+2%)after a round14flatB0%
1 Jan 2022$207M$95.6M – $293M$207M (0%)after a round14flatB0%
1 Feb 2022$207M$91.5M – $293M$207M (0%)after a round14flatB0%
1 Mar 2022$207M$87.9M – $293M$207M (0%)after a round14flatC0%
1 Apr 2022$279M$136M – $396M$279M (0%)after a round55growingB0%
1 May 2022$279M$138M – $396M$279M (0%)after a round55growingB0%
5 May 2022$1.8B$1.3B – $3.3B$2.4B (+30%)after a round55growingB0%
1 Jun 2022$1.8B$1.3B – $3.3B$2.4B (+27%)after a round55growingB0%
1 Jul 2022$1.9B$1.3B – $3.3B$2.4B (+25%)after a round55growingB0%
1 Aug 2022$1.9B$1.3B – $3.3B$2.4B (+22%)after a round55growingB0%
1 Sep 2022$2.0B$1.3B – $3.3B$2.4B (+19%)after a round55growingB0%
1 Oct 2022$2.0B$1.3B – $3.3B$2.4B (+17%)after a round55growingB0%
1 Nov 2022$2.1B$1.3B – $3.3B$2.4B (+14%)after a round55unknownB0%
1 Dec 2022$2.1B$1.3B – $3.3B$2.4B (+12%)after a round55unknownB0%
1 Jan 2023$2.3B$1.4B – $3.7B$2.6B (+13%)after a round88growingB0%
1 Feb 2023$2.4B$1.4B – $3.7B$2.6B (+10%)after a round88growingB0%
1 Mar 2023$2.4B$1.4B – $3.7B$2.6B (+7%)after a round88growingB0%
1 Apr 2023$2.5B$1.4B – $3.7B$2.6B (+3%)after a round88growingB0%
1 May 2023$2.6B$1.4B – $3.7B$2.6B (0%)after a round88growingB0%
1 Jun 2023$2.6B$1.4B – $3.7B$2.6B (0%)after a round88growingB0%
1 Jul 2023$2.6B$1.4B – $3.7B$2.6B (0%)after a round88growingB0%
1 Aug 2023$2.6B$1.4B – $3.7B$2.6B (0%)after a round88growingB0%
1 Sep 2023$2.6B$1.4B – $3.7B$2.6B (0%)after a round88growingB0%
1 Oct 2023$2.9B$1.6B – $4.2B$2.9B (0%)after a round150growingB0%
1 Nov 2023$2.9B$1.6B – $4.2B$2.9B (0%)after a round150growingB0%
1 Dec 2023$2.9B$1.7B – $4.2B$2.9B (0%)after a round150growingB0%
1 Jan 2024$2.9B$1.7B – $4.2B$2.9B (0%)after a round150growingB0%
1 Feb 2024$2.9B$1.7B – $4.2B$2.9B (0%)after a round150growingB0%
1 Mar 2024$3.1B$1.8B – $4.4B$3.1B (0%)after a round200growingB0%
1 Apr 2024$3.1B$1.8B – $4.4B$3.1B (0%)after a round200growingB0%
1 May 2024$3.1B$1.8B – $4.4B$3.1B (0%)after a round200growingB0%
1 Jun 2024$3.1B$1.7B – $4.4B$3.1B (0%)after a round200growingB0%
1 Jul 2024$3.1B$1.7B – $4.4B$3.1B (0%)after a round200growingB0%
1 Aug 2024$3.3B$1.8B – $4.7B$3.3B (0%)after a round260growingB0%
1 Sep 2024$3.3B$1.8B – $4.7B$3.3B (0%)after a round260growingB0%
1 Oct 2024$3.3B$1.8B – $4.7B$3.3B (0%)after a round260growingB0%
1 Nov 2024$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Dec 2024$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Jan 2025$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Feb 2025$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Mar 2025$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Apr 2025$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 May 2025$3.4B$1.9B – $4.8B$3.4B (0%)after a round280growingB0%
1 Jun 2025$3.4B$1.6B – $4.8B$3.4B (0%)after a round280growingB0%
1 Jul 2025$3.4B$1.6B – $4.8B$3.4B (0%)after a round280growingB0%
1 Aug 2025$3.3B$1.6B – $4.7B$3.3B (-1%)after a round270growingB0%
21 Aug 2025$5.8B$3.8B – $11.5B$7.5B (+30%)after a round270growingB0%
1 Sep 2025$5.8B$3.8B – $11.5B$7.5B (+29%)after a round270growingB0%
1 Oct 2025$6.0B$3.8B – $11.3B$7.5B (+25%)after a round264flatB2%
1 Nov 2025$6.1B$3.8B – $11.3B$7.4B (+22%)after a round264flatB2%
1 Dec 2025$6.2B$3.8B – $11.3B$7.4B (+20%)after a round264flatB2%
1 Jan 2026$6.4B$3.8B – $11.3B$7.4B (+17%)after a round264flatB2%
1 Feb 2026$6.5B$3.8B – $11.3B$7.4B (+15%)after a round264flatB2%
1 Mar 2026$6.4B$3.8B – $10.6B$6.7B (+5%)after a round264flatB27%
1 Apr 2026$6.5B$3.8B – $10.6B$6.7B (+3%)after a round264flatB27%
1 May 2026$6.1B$3.7B – $9.7B$5.7B (-7%)after a round249downB58%
1 Jun 2026$6.3B$3.7B – $9.8B$5.8B (-8%)after a round249flatB54%
1 Jul 2026$6.4B$3.7B – $9.9B$5.8B (-9%)after a round249flatB49%
1 Aug 2026$6.5B$3.7B – $10.0B$5.9B (-10%)after a round248flatB45%
1 Sep 2026$6.6B$3.7B – $10.0B$5.8B (-12%)after a round248flatB44%
1 Oct 2026$6.2B$3.5B – $9.7B$5.2B (-16%)after a round239downB57%
24 Oct 2026$6.1B$3.3B – $9.7B$5.1B (-16%)after a round239downB57%

Key facts about Group14

Founded
2015
Headquarters
Woodinville, United States
Employees
about 239 -9% in a year
Total raised
$1.20B
Funding rounds
6
Last round
Series D Aug 2025

Group14 was founded in 2015 by Aaron Feaver, Rick Costantino and Rick Luebbe.

Group14 funding history

Group14 has 6 funding rounds on record, from Nov 2019 to Aug 2025, $1.20B in total. None disclosed a valuation.

  1. Series D 20 Aug 2025

    Led by SK, Inc.; with Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock, Microsoft Climate Innovation Fund.

    Sources: group14.technology, prnewswire.com, cooley.com and 4 more

    $463M

  2. Grant 20 Sep 2024no round page

    Led by U.S. Department of Energy.

    Sources: prnewswire.com, spokesman.com, geekwire.com

    $200M

  3. Series C 4 May 2022

    Led by Porsche Ventures; with OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings LLC, Vsquared, Moore Strategic Ventures.

    Sources: group14.technology, geekwire.com, electrek.co and 5 more

    $400M

  4. Grant 1 Jan 2022no round page

    Led by U.S. Department of Energy.

    Sources: prnewswire.com, group14.technology, 425business.com

    $100M

  5. Series B 21 Dec 2020

    Led by SK Materials; with OVP Venture Partners.

    Sources: group14.technology, geekwire.com, electronicsweekly.com and 1 more

    $17M

  6. Series A 25 Nov 2019

    Led by Amperex Technologies Limited (ATL); with BASF Venture Capital, Cabot Corporation, Showa Denko (now Resonac), OVP Venture Partners.

    Sources: group14.technology, cleantechalliance.org

    $18M

Group14 investors

19 investors have backed Group14; U.S. Department of Energy, Amperex Technologies Limited (ATL) and Porsche Ventures and 2 more led at least one round.

  • U.S. Department of Energy lead, 2 rounds
  • Amperex Technologies Limited (ATL) lead
  • SK Materials lead
  • SK, Inc. lead
  • Decarbonization Partners 2 rounds
  • OVP Venture Partners 2 rounds
  • ATL
  • BASF Venture Capital
  • Cabot Corporation
  • Lightrock
  • Microsoft Climate Innovation Fund
  • Moore Strategic Ventures
  • OMERS
  • OMERS Capital Markets
  • Porsche Investments
  • Riverstone Holdings LLC
  • Showa Denko (now Resonac)

What Group14 does

Group14 works in batteries, with 16 recorded offerings and customers in automotive, energy and electronics.

Group14 Technologies, Inc. is an American manufacturing company engaged in the production of silicon battery materials, including silicon-carbon composite materials for use in electric vehicles, consumer electronics, and data centers. The company operates multiple manufacturing facilities in the United States and South Korea, and maintains a silane factory in Germany to support its global supply chain. Group14 also manages a battery materials factory in South Korea and is involved in the development of renewable energy solutions and the reduction of carbon emissions.

Description from Veridion's company data.

Products and services

  • Silicon Battery Material Manufacturing
  • Silicon-Carbon Composite Development
  • Battery Material Global Distribution
  • Electric Mobility Battery Material Supply
  • AI-Enabled Device Battery Material Supply
  • Grid-Scale Energy Storage Material Supply
  • Sustainable Battery Material Manufacturing
  • Advanced Battery Material Innovation
  • Battery Material Supply Chain Integration
  • Commercial Battery Material Production
  • Silane Manufacturing
  • Battery Material Process Optimization
  • Battery Material Product Development
  • Battery Material Process Innovation
  • Battery Material Manufacturing Scaling
  • Battery Material Supply Chain Collaboration

Markets

  • Automotive
  • Energy
  • Electronics

Technology

  • Silicon-Carbon Composite for Battery Anodes

Supply chain

  • Global Sourcing
  • Sustainable Sourcing
  • Supplier Collaboration
  • Regional Distribution Centers

Business model

  • Business-to-Business
  • Manufacturing
  • Enterprise

Industry codes (NAICS)

  • 335910 Battery Manufacturing 70% match
  • 424690 Other Chemical and Allied Products Merchant Wholesalers 30% match

Questions about Group14

What is Group14 worth?

Valuation $6.1B (range $3.3B to $9.7B), as of 24 Oct 2026.

Has Group14 raised money?

Group14 has 6 funding rounds on record, from Nov 2019 to Aug 2025, $1.20B in total. None disclosed a valuation.

Who has invested in Group14?

U.S. Department of Energy, Amperex Technologies Limited (ATL), Porsche Ventures, SK Materials, SK, Inc. and Decarbonization Partners, and 13 more. Lead investors include U.S. Department of Energy, Amperex Technologies Limited (ATL), Porsche Ventures and SK Materials.

How many people work at Group14?

About 239, down 9% over the last year. Headcount rose from 14 in Jan 2021 to 280 in Nov 2024, then fell to 239 in Sep 2026.

What does Group14 do?

Group14 works in batteries, with 16 recorded offerings and customers in automotive, energy and electronics. Its main offerings are silicon battery material manufacturing, silicon-carbon composite development and battery material global distribution.

When was Group14 founded, and where is it based?

Group14 was founded in 2015 and is based in Woodinville, United States. It has about 239 employees, down 9% over the last year.