Fundz

Hgen raised $5M in a seed funding round led by Seven Seven Six to accelerate the commercial deployment of its higher efficiency electrolyzer technology.

PRIVATESep 17, 2024

Amount Raised

$5 Million

Round Type

Seed

HawthorneManufacturingEnergyOil And GasRenewable Energy

Investors

Fontinalis PartnersFounders FundSeven Seven Six

Description

Hgen, a company focused on producing clean hydrogen, has announced a $5M seed financing round led by Seven Seven Six with participation from Founders Fund and Fontinalis Partners. The funding will be used to accelerate the commercialization of its innovative electrolyzer technology at customer sites.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Hgen that raised within 45 days of this round, from Fundz verified event records.

  • Universal Fuel Technologies raised $3M (Seed) on October 22, 2024.
  • RIFT raised $12M (Series A) on October 17, 2024.
  • Oxylus Energy raised $4.5M (Seed) on September 3, 2024.
  • Advent Technologies Holdings raised $1M (Debt Financing) on August 5, 2024.
  • Crusoe raised $500M (Funding Round) on October 31, 2024.
  • Vamo raised $7.6M (Seed) on October 29, 2024.

Who to call at Hgen, and when

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Company Information

Company

Hgen

Location

Hawthorne, California, United States

About

Hgen makes clean hydrogen to decarbonize heavy industry. Its higher-efficiency alkaline electrolyzer converts water and electricity into clean hydrogen, which is used as feedstock in industrial processes like chemicals and steel production. Founded in 2021, the company aims to transform the over $100B market for fossil-fuel derived hydrogen into a cleaner alternative. Hgen's technology focuses on reducing costs and increasing efficiency in hydrogen production.

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Hgen raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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