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Market

Industrial Technology funding activity

1,737 disclosed rounds across 1,326 companies in the last three years. Below: how they split by stage, which investors appear most often, and where the totals come from.

Rounds per quarter
2023-Q32026-Q1

Peak 169 rounds in a quarter. Axis starts at zero.

The last three years

Computed from disclosed rounds. Figures update when the data does.

0
Rounds
0
Companies
0
Rounds with an amount
$164B
Disclosed total
$4M
Median round

Where the money enters

Stage distribution over the same three years. A sector weighted to Pre-Seed and Seed is being formed; one weighted to later rounds is consolidating.

Late Stage (Series C+)
61436%
Seed
57133%
Series A
35220%
Pre-Seed
1116%
Series B
785%

Investors appearing most often

Ranked by number of rounds participated in, not by capital deployed — an accelerator writing 180 small cheques ranks above a fund writing four large ones, which is the right ranking when the question is who to approach.

  1. US Department of Energy28 rounds
  2. U.S. Department of Agriculture12 rounds
  3. Innovate UK9 rounds
  4. Homeserve8 rounds
  5. Canada Economic Development for Quebec Regions8 rounds
  6. Comcast RISE8 rounds
  7. Bpifrance6 rounds
  8. NATO DIANA5 rounds

Largest disclosed raisers

By disclosed amount across the period. Companies whose rounds carried no public amount cannot appear here however large the raise was.

  1. Veolia Environmental Solutions$7B
  2. Waste Management$7B
  3. Ingersoll Rand$6B
  4. Kodiak Gas Services$5B
  5. Crescent Energy$5B
  6. Vertiv$5B
  7. Canadian National Railway$4B
  8. Roper Technologies$4B

How to read these numbers

A company usually carries several sector tags, so its rounds count towards each. Sector totals therefore sum to more than the total number of rounds, and two sectors here can describe the same round.

Only rounds with a publicly disclosed amount contribute to totals and medians. Roughly a quarter of rounds carry no amount, and those are counted in the round count but never modelled into a figure.

A sector appears only with at least 100 rounds in the last three years. Below that the quarterly shape is noise, and a chart of noise is worse than no chart.

Work the underlying rounds, not the summary

This page is a fixed slice. In the product the same rounds are filterable by stage, geography and investor activity, and every investor here opens to their full participation history.