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Verdagy Secures Series B Funding Led By Temasek And Shell Ventures

PRIVATEAug 08, 2023

Round Type

Series B

Moss LandingManufacturingEnergy

Investors

Zeon VenturesYara Growth VenturesTupras VenturesToppan VenturesSamsung Venture InvestmentGalpBlue ScopeBidra Innovation VenturesShell VenturesTemasek

Description

Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.

Quick answer

Verdagy raised an undisclosed amount in a Series B round, dated August 8, 2023. Investors: Zeon Ventures, Yara Growth Ventures, Tupras Ventures, Toppan Ventures, Samsung Venture Investment, Galp, Blue Scope and Bidra Innovation Ventures. Verdagy is based in Moss Landing, California, United States.

How much did Verdagy raise?
Verdagy raised an undisclosed amount in a Series B round on August 8, 2023.
Who invested in Verdagy?
Zeon Ventures, Yara Growth Ventures, Tupras Ventures, Toppan Ventures, Samsung Venture Investment, Galp, Blue Scope and Bidra Innovation Ventures are named as investors in this round.
What does Verdagy do?
Verdagy is innovating advanced electrolysis technology for the large-scale production of clean hydrogen.
Where is Verdagy based and how big is it?
Verdagy is based in Moss Landing, California, United States. Fundz records about 80 employees.
Who are the decision-makers at Verdagy?
Fundz holds 1 contact at Verdagy, including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Manufacturing around the same time

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

  • Hyperion Companies raised $200K (Seed) on September 22, 2023.
  • Red Leaf Pulp Ltd raised an undisclosed amount (Funding Round) on September 19, 2023.
  • Mojave Energy Systems raised $13M (Funding Round) on September 18, 2023.
  • Heliene raised $170M (Funding Round) on September 12, 2023.
  • Accure Battery Intelligence raised $7.8M on August 22, 2023.
  • South 8 Technologies raised an undisclosed amount (Corporate Round) on August 16, 2023.

Who to call at Verdagy, and when

A new round usually means Verdagy is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Verdagy

Location

11500 DOLAN RD.

Moss Landing, California, United States

About

Verdagy is innovating advanced electrolysis technology for the large-scale production of clean hydrogen. Its industry-leading solution reduces both upfront capital costs and ongoing operating expenses, to achieve the industry’s lowest levelized cost of hydrogen. In addition to its California factory, Verdagy operates its R&D and highly automated commercial plants in Moss Landing, California where it continues to advance its cutting-edge technology.

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Related People

1 contact
Verified contactsThomas M., DirectorSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.