Ascend Elements key facts
as of Oct 2026- Manufacturer of battery materials intended to improve performance, reduce cost, and enhance efficiency.
- Ascend Elements is valued at approximately $1.6B as of Oct 2026, set at its later-stage round, Feb 2024; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $878.5M across 3 recorded rounds; the latest was Later Stage VC ($460.1M) in Aug 2023.
- Notable investors include Alumni Ventures, US National Science Foundation, MassChallenge, U.S. Department of Energy, Temasek Holdings — 41 tracked in total.
- Ascend Elements has filed 3 Form Ds with the SEC since 2022, most recently Sep 2023 ($460.1M sold to 19 investors).
- Status: Privately Held (backing).
Valued at $1.6B at its later-stage round, Feb 2024. Nothing has traded since.
- ·The complete investor list: 41 names
- ·Watch Ascend Elements: the Monday email on marks, rounds and moves
Ascend Elements funding rounds
3 roundsWho backs Ascend Elements
41+Ascend Elements valuation
Ascend Elements was valued at $1.6 billion at its later-stage round in Feb 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
How much has Ascend Elements raised?
Ascend Elements has raised $878 million across 3 recorded rounds since 2022. The largest was an $80 million later-stage round in Dec 2022; the most recent was a $460 million later-stage round in Aug 2023.
Ascend Elements has filed 3 Form Ds with the SEC since 2022, most recently in Sep 2023 ($460 million sold to 19 investors).
Ascend Elements investors
41 investors are on record for Ascend Elements, including Alumni Ventures, US National Science Foundation, MassChallenge and U.S. Department of Energy. By type, the record holds 9 venture capital firms and 3 asset managers. The later-stage round in Aug 2023 drew 19 investors.
About Ascend Elements
Manufacturer of battery materials intended to improve performance, reduce cost, and enhance efficiency. The company produces cathode materials directly from recycled battery feedstock by recovering valuable materials, enabling electric vehicle industries to adopt sustainable practices and minimize environmental impacts.
- Sector
- Business Products and Services (B2B)
- HQ
- Westborough, MA, United States
- Founded
- 2015
- Employees
- 166
- Website
- ascendelements.com/
- Ownership
- Privately Held (backing)
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