Amount Raised
$12 Million
Round Type
Funding Round
CambridgeEnergyOil And GasRenewable EnergyInvestors
Description
Lydian, a startup aiming to produce sustainable, CO2-derived fuels and chemicals, has announced $12M in new seed funding co-led by Congruent Ventures and Galvanize Climate Solutions. Participating investors included Grok Ventures, Voyager Ventures, Union Square Ventures (USV), Overture VC, and Overlap Holdings. This funding adds to $3M in previously unannounced funding in June 2022 from Congruent, USV, Voyager, and Global Founders Capital. The company plans to use the new funding to build an integrated pilot plant in 2024 which will be capable of producing over 5,000 gallons of SAF per year
Quick answer
Lydian raised $12 Million in a Funding Round round, dated September 6, 2023. Investors: Global Founders Capital, Lydian, Voyager, Congruent, Overlap Holdings, Overture VC, Union Square Ventures and Voyager Ventures. Lydian is based in Cambridge, Massachusetts, United States.
- How much did Lydian raise?
- Lydian raised $12 Million in a Funding Round round on September 6, 2023.
- Who invested in Lydian?
- Global Founders Capital, Lydian, Voyager, Congruent, Overlap Holdings, Overture VC, Union Square Ventures and Voyager Ventures are named as investors in this round.
- What does Lydian do?
- Lydian is a clean energy technology company founded in 2021 focused on decarbonizing aviation by producing sustainable fuels and chemicals from CO₂, water, and renewable electricity.
- Where is Lydian based and how big is it?
- Lydian is based in Cambridge, Massachusetts, United States. Fundz records about 32 employees.
- Who are the decision-makers at Lydian?
- Fundz holds 5 contacts at Lydian, including the Principal Scientist, Head of Catalyst Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Lydian that raised within 45 days of this round, from Fundz verified event records.
- Granular Energy raised $7.9M (Funding Round) on October 2, 2023.
- Oneka Technologies raised $9.3M (Series A) on September 25, 2023.
- Krucial raised $3.7M (Seed) on September 12, 2023.
- Nuventura raised $27M (Series A) on September 5, 2023.
- Big Navajo Energy raised an undisclosed amount (Funding Round) on August 29, 2023.
- CH4 raised $29M (Series B) on August 29, 2023.
Who to call at Lydian, and when
A new round usually means Lydian is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lydian raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lydian, from your own LinkedIn network
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Related People
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