Tech Company Financing Transactions
Suiso Funding Round
Suiso closed a $3.8 million funding round on 3/11/2024. Backers included Mercia's EIS Funds and NPIF -- Mercia Equity Finance.
Transaction Overview
Company Name
Announced On
3/11/2024
Transaction Type
Venture Equity
Amount
$3,816,000
Round
Undisclosed
Investors
Mercia's EIS Funds (Lead Investor)
NPIF -- Mercia Equity Finance (Lead Investor)
Proceeds Purpose
The company intends to use the funds to create generators the size of shipping containers that could be placed on site to power factories, hospitals, and warehouses or at filling stations to fuel hydrogen-powered vehicles.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Unit 5/6 Evolution Advanced Manufacturing Park Morse Way
Rotherham, S60 5BJ
UK
Rotherham, S60 5BJ
UK
Phone
Website
Email Address
Not Recorded
Overview
Suiso is a developer of a low energy near zero emission microwave-driven methane cracking process for onsite generation of Hydrogen. Hydrogen, the most abundant element in the universe, is rapidly emerging as a sustainable solution for the decarbonisation of the economy and a key piece of the energy transition picture in UK, Europe and around the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stuart McKnight
Chief Technical Officer
SB Cha
VP - Engineering
Sam Kerr
VP - Finance
Joanna Dunne
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Next: 3/11/2024: Eclipse Labs venture capital transaction
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