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Feon Energy raised $6.1M in a seed round led by Fine Structure Ventures for electrolyte innovation and UN 38.3 certification

Jun 27, 2024about 1 year ago

Amount Raised

$6.1 Million

Round Type

seed

WoburnRenewable EnergyInformation Technology

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.

Company Information

Company

Feon Energy

Location

150 New Boston St. STE W

Woburn, Massachusetts, United States

About

Feon is pioneering new-molecule-based liquid electrolytes for next generation lithium-ion and lithium-metal batteries.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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