Eindhoven-based CleanTech company RIFT secures €113.8 million in funding, including an €83.1 million Series B round led by PGGM, to advance its Iron Fuel Technology and prepare for commercial production.
Amount Raised
€83.1 Million
Round Type
Series B
EindhovenManufacturingEnergyOil And GasRenewable EnergyInvestors
Description
RIFT has raised €113.8 million in financing, combining an €83.1 million Series B and a €30.7 million EU grant. This funding will help advance its Iron Fuel Technology and develop its first commercial production facility. The Series B was led by PGGM with several other investors participating. CEO Mark Verhagen emphasizes the move toward decarbonizing industrial heat at scale.
Quick answer
RIFT raised €83.1 Million in a Series B round, dated March 3, 2026. Investors: Energietransitiefonds Rotterdam, Brabantse Ontwikkelings Maatschappij (Bom), Invest Nl, Oost NL, Rubio Impact Ventures and Pggm. RIFT is based in Eindhoven, North Brabant, Netherlands.
- How much did RIFT raise?
- RIFT raised €83.1 Million in a Series B round on March 3, 2026.
- Who invested in RIFT?
- Energietransitiefonds Rotterdam, Brabantse Ontwikkelings Maatschappij (Bom), Invest Nl, Oost NL, Rubio Impact Ventures and Pggm are named as investors in this round.
- What does RIFT do?
- RIFT (Renewable Iron Fuel Technology) is a company founded in 2021 that specializes in sustainable heating solutions for various industries, including food and beverage, pulp and paper, ceramics, and special chemicals.
- Where is RIFT based and how big is it?
- RIFT is based in Eindhoven, North Brabant, Netherlands. Fundz records about 27 employees.
- Who are the decision-makers at RIFT?
- Fundz holds 5 contacts at RIFT, including the CTO, Co-founder. 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 RIFT that raised within 45 days of this round, from Fundz verified event records.
- International Battery Metals raised $2M (Seed) on February 23, 2026.
- Hycosys raised $1M (Seed) on February 23, 2026.
- XFuel raised $20M (Series A) on January 28, 2026.
- Sepion Technologies raised $10M (Series B) on April 17, 2026.
- Lucid Group raised $1.1B (Post-IPO Equity) on April 15, 2026.
- Airmo raised $5.9M (Seed) on April 13, 2026.
Who to call at RIFT, and when
A new round usually means RIFT is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day RIFT raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at RIFT, from your own LinkedIn network
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Funding Insights
What this usually meansRIFT 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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