Fundraising Fox

Maxwell Labs

Little Canada, US · Founded 2020 · Delaware corporation · 15 employees on LinkedIn · 1 known investors

Founders & leadership

Maxwell Labs was founded in 2020 by Jacob Balma.

JB
Jacob BalmaFounder
AR
Alejandro RodriguezExecutive
MK
Michael KarpeExecutive
JK
Joseph Kenneth BalmaNamed on SEC filing

Board

NS
Nick SwensonBoard director
GB
Gary BurandtBoard director
NT
Norman TroullierBoard director
PC
Peter ChidylloBoard director

Investors · 1

Monozukuri VenturesKyoto · $100K – $300K

Reported raises · per SEC filings

Form D private placements

$9.3M disclosed across 4 rounds · 2022–2026

▶$7.9MraisedFeb 2026 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alejandro RodriguezExecutive Officer
  • Nick SwensonDirector
  • Michael KarpeExecutive Officer
  • Gary BurandtDirector
  • Norman TroullierDirector
  • Jacob BalmaExecutive Officer, Director, Promoter
  • Peter ChidylloDirector
Offering amount
$10.7M
Amount sold
$7.9M
First sale
Feb 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$67KraisedJan 2024 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Norman TroullierDirector
  • Peter ChidylloDirector
  • Gary BurandtDirector
  • Jacob BalmaExecutive Officer, Director, Promoter
  • Michael KarpeExecutive Officer
Offering amount
$1.5M
Amount sold
$67K
First sale
Dec 2023
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$250KraisedMay 2023 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jacob Allen BalmaExecutive Officer, Director, Promoter
  • Joseph Kenneth BalmaDirector, Promoter
  • Gary BurandtDirector
  • Peter ChidylloDirector
Offering amount
$367.5K
Amount sold
$250K
First sale
May 2023
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.1MraisedApr 2022 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gary BurandtDirector
  • Jacob Allen BalmaExecutive Officer, Director, Promoter
  • Joseph Kenneth BalmaExecutive Officer, Director, Promoter
  • Peter ChidylloDirector
Offering amount
$1.1M
Amount sold
$1.1M
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase I2023$75K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Startup Snapshot: Maxwell Labs | Twin Cities Businesstcbmag.com · Apr 2026Minnesota startup has found a way to use lasers to reduce energy and water use by data centersstartribune.com · Nov 2025Laser-cooled GPUs get buy-in from the U.S. military — government beams cash to Maxwell Labs to cool AI processors | Tom's Hardwaretomshardware.com · Jun 2025

Frequently asked questions

Who founded Maxwell Labs?
Maxwell Labs was founded by Jacob Balma in 2020.
Who are Maxwell Labs's investors?
Maxwell Labs's investors include Monozukuri Ventures.
How much funding has Maxwell Labs raised?
Maxwell Labs has disclosed $9.3M raised across 4 rounds.
Where is Maxwell Labs headquartered?
Maxwell Labs is headquartered in Little Canada, US.