Universal Fuel Technologies raised $3M in a seed round led by TO VC to advance its Flexiforming technology for sustainable aviation fuel production.
Amount Raised
$3 Million
Round Type
Seed
Los AltosManufacturingEnergyOil And GasRenewable EnergyInvestors
Description
Universal Fuel Technologies has closed $3 million in funding to support its Flexiforming technology, which aims to reduce sustainable aviation fuel production costs by up to 50%. The seed round was led by TO VC, with participation from several investors, and will help establish lab space in Texas for SAF sample production.
Quick answer
Universal Fuel Technologies raised $3 Million in a Seed round, dated October 22, 2024. Investors: Alchemist Accelerator, Claire Technologies, World Star Aviation and To VC. Universal Fuel Technologies is based in Los Altos, California, United States.
- How much did Universal Fuel Technologies raise?
- Universal Fuel Technologies raised $3 Million in a Seed round on October 22, 2024.
- Who invested in Universal Fuel Technologies?
- Alchemist Accelerator, Claire Technologies, World Star Aviation and To VC are named as investors in this round.
- What does Universal Fuel Technologies do?
- Universal Fuel Technologies (Unifuel) specializes in sustainable aviation fuel production through its proprietary Flexiforming technology.
- Where is Universal Fuel Technologies based and how big is it?
- Universal Fuel Technologies is based in Los Altos, California, United States. Fundz records about 5 employees.
- Who are the decision-makers at Universal Fuel Technologies?
- Fundz holds 1 contact at Universal Fuel Technologies. 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 Universal Fuel Technologies that raised within 45 days of this round, from Fundz verified event records.
- Hydrogen Mem-Tech raised an undisclosed amount (Equity Crowdfunding) on November 15, 2024.
- Ampd Energy raised $27M (Series B) on November 5, 2024.
- RIFT raised $12M (Series A) on October 17, 2024.
- Hgen raised $5M (Seed) on September 17, 2024.
- Illumion raised $2.7M (Seed) on December 4, 2024.
- Modern Hydrogen raised $25M on November 27, 2024.
Who to call at Universal Fuel Technologies, and when
A new round usually means Universal Fuel Technologies is about to hire and buy. The teams that reach out first get the meeting.
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Related People
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