Upstart Power

Southborough, MA · Founded 2017 · Privately Held (backing)

Manufacturer of solid oxide fuel cell generators intended to make distributed electricity generation a reality. Upstart Power is based in Southborough, MA and was founded in 2017. It is valued at about $46.5 million as of Oct 2026, set by institutional fund marks. It has raised $70.7 million across 6 recorded rounds; the latest was a $2.1 million seed round in Dec 2024.

PMV mark · valuation
$46.5M
Oct 2026
Priced at
—
Total raised
$70.7M
Last round
Seed Round
Dec 2024
How much has Upstart Power raised?
$70.7Macross 6 recorded rounds · Aug 2018 – Dec 2024

Most recently, Upstart Power raised $2.1M in its Seed Round (Dec 2024).

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Upstart Power round by round

6 rounds
Dec 2024Seed Round$2.1MSEC filing▮
5 investors participated
Jul 2024Early Stage VC$22.5MSEC filing▮
18 investors participated
Oct 2022Early Stage VC$16.9MSEC filing▮
8 investors participated
Dec 2020Early Stage VC$15.5MSEC filing▮
13 investors participated
Jul 2019Seed Round$1.0MSEC filing▮
1 investors participated
Aug 2018Seed Round$472KSEC filing▮
7 investors participated

How much has Upstart Power raised?

Upstart Power has raised $70.7 million across 6 recorded rounds since 2018. The largest was a $472,000 seed round in Aug 2018; the most recent was a $2.1 million seed round in Dec 2024.

Upstart Power has filed 7 Form Ds with the SEC since 2018, most recently in Dec 2024 ($2.1 million sold to 5 investors).

Upstart Power investors

6 investors are on record for Upstart Power, including Cricetus Felix Ventures, Enphase Energy, H+ Partners and Itochu. The seed round in Dec 2024 drew 5 investors.

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6 investors have backed Upstart Power.

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Frequently asked about Upstart Power

How much has Upstart Power raised?
Upstart Power has raised $70.7M in total across 6 recorded funding rounds.
When was Upstart Power's last funding round?
Upstart Power's most recent recorded round was Seed Round in Dec 2024, raising $2.1M.