# Lilac Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lilac-solutions

- Industry: Mining
- Headquarters: Oakland, US
- Website: www.lilacsolutions.com/
- Total disclosed funding: $331M
- Latest round: Series C (Dec 13, 2023)
- Investors on record: 20

## About

Based in California, US, and founded in 2016 by CTO, David Snydacker, Lilac Solutions, Inc. operates as a lithium extraction technology company that develops an ion-based material used by industries in lithium extraction. In February 2024, Lilac Solutions, Inc. raised USD 145 million in series C funding from Mitsubishi Corporation and The Nature Conservancy Endowment. As of 2025, the company is led by its CEO, Raef Sully. Lilac Solutions develops an ion exchange technology that enables lithium producers to produce concentrated lithium from a wide variety of resources. The company produces ion beads and delivers them to brine projects worldwide, where these beads absorb lithium as brine flows through them. Once saturated, hydrochloric acid is used to flush out the lithium, thereby getting lithium chloride. The company plans to use series C funding in February 2024 to scale its lithium batteries intended for electric vehicles.

## Funding rounds

- Series C, Dec 13, 2023, $175M — BMW i Ventures, The Nature Conservancy, Presidio Ventures, Breakthrough Energy Ventures, Engine Ventures, Mitsubishi, T Rowe Price Advisory Services, Lowercarbon Capital, Aventurine Partners, Mercuria, Emerson Collective
- Series B, Sep 8, 2021, $130M — T Rowe Price, Valor Equity Partners, BMW i Ventures, Presidio Ventures, Breakthrough Energy Ventures, Engine Ventures, Lowercarbon Capital, SK materials Co., Ltd., MCJ, Earthshot Ventures, Mercuria
- Series A, Feb 6, 2020, $23M — Breakthrough Energy Ventures, Grantham Foundation, Engine Ventures, Lowercarbon Capital
- Seed, Jan 15, 2019, $2.5M — Mount Wilson Ventures, PRIME Impact Fund, Tribeca Early Stage Partners

## Investors

- Mount Wilson Ventures (https://capitalatlas.ai/funds/mount-wilson-ventures) — Seed
- PRIME Impact Fund (https://capitalatlas.ai/funds/prime-impact-fund) — Seed
- Tribeca Early Stage Partners (https://capitalatlas.ai/funds/tribeca-early-stage-partners) — Seed
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B, Series C
- Grantham Foundation — Series A
- Engine Ventures (https://capitalatlas.ai/funds/engine-ventures) — Series A, Series B, Series C
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A, Series B, Series C
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series B
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B, Series C
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series B, Series C
- SK materials Co., Ltd. — Series B
- MCJ (https://capitalatlas.ai/funds/mcj) — Series B
- Earthshot Ventures (https://capitalatlas.ai/funds/earthshot-ventures) — Series B
- Mercuria — Series B, Series C
- The Nature Conservancy — Series C
- Mitsubishi — Series C
- T Rowe Price Advisory Services — Series C
- Aventurine Partners (https://capitalatlas.ai/funds/aventurine-partners) — Series C
- Emerson Collective — Series C