Found Energy raise $12M Seed Round led by Glenfield Partners to extract energy from aluminium waste
04/18/24, 12:56 PM
Location
bostonMoney raised
$12 million
Industry
biomass energy
renewable energy
oil and gas
energy
Round Type
seed
Investors
Massachusetts Clean Energy Center (Mass Cec), Gi Tv, J Impact, Autodesk Foundation, Good Growth Capital, Munich Re Ventures, Kompas Vc, Glenfield Partners
Cleantech Found Energy have raised a $12M Seed Round led by Glenfield Partners. The round included investments from across Europe, the US, and Asia, with participation from KOMPAS VC, Munich Re Ventures, Good Growth Capital, the Autodesk Foundation, J-Impact, GiTV, and Massachusetts Clean Energy Center (MassCEC).
Company Info
Location
boston, massachusetts, united states
Additional Info
Found Energy is a cleantech company that specializes in extracting carbon-free energy from aluminium waste. Their technology produces an aluminum hydroxide byproduct that can fuel alumina refineries, offering an alternative to energy generated by depleting fossil fuel reserves.