Tech Company Financing Transactions
Oxylus Energy Funding Round
Oxylus Energy, operating out of New Haven, secured $4.5 million in investment from Azolla Ventures, Toyota Ventures and Connecticut Innovations.
Transaction Overview
Company Name
Announced On
9/3/2024
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Azolla Ventures (Lead Investor)
Toyota Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its technology development, prototype testing and pilot deployment.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
770 Chapel Street
New Haven, CT 06510
USA
New Haven, CT 06510
USA
Phone
Undisclosed
Website
Email Address
Overview
Our vision is to build a circular economy for carbon dioxide. At Oxylus Energy, we're pioneering a revolutionary approach. By integrating our proprietary next-gen electrolysis technology with cost-effective off-peak renewable electricity in combination with existing commodity tech and infrastructure, we're on the cusp of transformative breakthroughs in industrial decarbonization.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Perry Bakas
Chief Operating Officer
Harrison Meyer
Chief Technical Officer
Conor Rooney
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