Maxwell Labs

Saint Paul, MN · Founded 2020 · Privately Held (backing)

Developer of a photonic cold plate designed to transform chip heat into light and back into usable electricity, revolutionizing heat management and energy use in high-performance computing systems. Maxwell Labs is based in Saint Paul, MN and was founded in 2020. It was valued at $85.9 million at its later-stage round in Feb 2026, the last priced event on record. It has raised $12.3 million across 3 recorded rounds; the latest was a $7.9 million early-stage round in Feb 2026.

PMV mark · valuation
$85.9M
Oct 2026
Priced at
its later-stage round
Feb 2026
Total raised
$12.3M
Last round
Early Stage VC
Feb 2026

Who backs Maxwell Labs?

9 investors
InvestorType
gBETAOther
Groove CapitalVenture capital
mHUBVenture capital
Arosa Capital Management—
DEVCOM ARL—
Energetics Technology Center—
Monozukuri Ventures—
Topping Capital—
University of Saint Thomas—
The directory is free. Investor activity — the working column — is Pro.Unlock prospecting columns

Membership and data by Private Market View

Maxwell Labs investors

9 investors are on record for Maxwell Labs, including gBETA, Groove Capital, mHUB and Arosa Capital Management. The early-stage round in Feb 2026 drew 31 investors.

Free account
More of Maxwell Labs with a free account
  • ·Watch Maxwell Labs: the Monday email on marks, rounds and moves
Create free account
No card required

Membership and data by Private Market View

For fundraisers
Work this list, don’t just read it

These 9 firms already write checks for companies like Maxwell Labs. Build the wider list: every firm that has backed a company like this one, ranked by how often and how recently.

Find investors like these →

Membership and data by Private Market View