Corporate / CVC · 2 deals
Every published round Marathon Petroleum took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| ElectraLith | Series A | 16 Jan 2025 | $27.5m | Participant | RenewEconomy (10 Aug 2026), RenewEconomy (10 Aug 2026), Radium Capital (5 Nov 2025), Radium Capital (10 Oct 2025), SmartCompany (17 Jan 2025), Startup Daily, SmartCompany (16 Jan 2025), Main Sequence | |
| ElectraLith | Series A | 15 Jan 2025 | $2m | Participant | Startup Daily, Breakthrough Victoria, Main Sequence Ventures portfolio |
Companies Marathon Petroleum has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| ElectraLith | Developer of a novel electrochemical direct lithium extraction technology producing batte… | 15 Jan 2025, Series A | 2 | 0 |
Fund closes reported for Marathon Petroleum, as distinct from the investments it has made.
Companies Marathon Petroleum has backed that another company then bought. An exit for the holding, not a deal Marathon Petroleum did.
Stories naming Marathon Petroleum. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Radium Capital's R&D lending has passed $1 billion across 1,000-plus companies since 2017; case studies recall WeMoney's $12 million Series A and ElectraLith's $27.5 million Main Sequence-led round.
Also Startup Daily·Australian FinTech·SmartCompany·Fintech News Australia·Fintech News Australia
Breakthrough Victoria puts $2 million into ElectraLith, a Victorian startup whose lithium extraction technology was developed at Monash University, as part of a Series A led by Main Sequence.
Main Sequence's post on leading ElectraLith's $27.5m Series A with Chevron, IP Group and other co-investors, backing its technology that turns lithium-bearing brines into battery-ready hydroxide in one step.
Also Radium Capital·Radium Capital·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy
Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.
Also Startup Daily