Feon Energy raised $6.1M in a seed round led by Fine Structure Ventures for electrolyte innovation and UN 38.3 certification
Jun 27, 2024•about 1 year ago
Amount Raised
$6.1 Million
Round Type
seed
Investors
Valkyrie FundEps VenturesMass VenturesFoothill VenturesEight RoadsFine Structure Ventures
Description
Feon Energy, an advanced battery electrolyte startup spun out of Stanford University, announced the recent closing of a $6.1 million seed round. The new funding will allow Feon to expand its world-class R&D team, scale up its high-throughput molecular discovery platform, and accelerate commercial engagement with leading battery and automotive players.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers