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Found Energy

Energy Production · Boston, MA · Founded 2022 · Privately Held (backing)

Developer of rechargeable aluminum fuel power systems designed to bring renewables to heavy industries. Found Energy is based in Boston, MA and was founded in 2022. Its last reported valuation was $39 million in May 2024. It has raised $22.4 million across 3 recorded rounds; the latest was a $5.4 million early-stage round in Apr 2025.

Last reported valuation
$39.0M
Oct 2026
Priced at
—
Total raised
$22.4M
Last round
Early Stage VC
Apr 2025

Found Energy key facts

as of Oct 2026
  • Developer of rechargeable aluminum fuel power systems designed to bring renewables to heavy industries.
  • Found Energy is valued at approximately $39.0M as of Oct 2026 (last reported valuation).
  • It has raised $22.4M across 3 recorded rounds; the latest was Early Stage VC ($5.4M) in Apr 2025.
  • Notable investors include Impact Assets, Climate Capital, Bessemer Venture Partners, Collaborative Fund, Activate Global — 19 tracked in total.
  • Found Energy has filed 4 Form Ds with the SEC since 2022, most recently May 2024 ($14.6M sold to 32 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$39.0M

Found Energy's last reported valuation, May 2024. Nothing priced has surfaced since.

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Found Energy funding rounds

3 rounds
Apr 2025Early Stage VC$5.4MSEC filing▮
May 2024Seed Round$14.6M▮
Aug 2022Seed Round$1.9MSEC filing▮
Full funding history →

Found Energy valuation

Found Energy's last reported valuation was $39 million in May 2024. No priced round, secondary trade or fund mark has surfaced since.

How much has Found Energy raised?

Found Energy has raised $22.4 million across 3 recorded rounds since 2022. The largest was a $5.4 million early-stage round in Apr 2025.

Found Energy has filed 4 Form Ds with the SEC since 2022, most recently in May 2024 ($14.6 million sold to 32 investors).

Found Energy investors

19 investors are on record for Found Energy, including Impact Assets, Climate Capital, Bessemer Venture Partners and Collaborative Fund. By type, the record holds 4 venture capital firms and 1 private equity firm. The early-stage round in Apr 2025 drew 11 investors.

About Found Energy

Developer of rechargeable aluminum fuel power systems designed to bring renewables to heavy industries. The company converts scrap aluminum into fuel, generating carbon-free thermal power that can compete with fossil fuels on both price and energy density, enabling energy users to innovate and accelerate their transition to renewable energy sources.

Industry
Energy Production
Sector
Energy
HQ
Boston, MA, United States
Founded
2022
Employees
33
Ownership
Privately Held (backing)

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