Tech Company Financing Transactions
Lydian Funding Round
Lydian closed a $12 million Seed investment round on 9/6/2023. Investors included Congruent Ventures, Galvanize Climate Solutions and Grok Ventures.
Transaction Overview
Company Name
Announced On
9/6/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Seed
Investors
Congruent Ventures (Lead Investor)
Galvanize Climate Solutions (Lead Investor)
Proceeds Purpose
The company intends to use the funds to build an integrated pilot plant in 2024, which will be capable of producing over 5,000 gallons of SAF per year.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
750 Main St
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Undisclosed
Website
Email Address
Overview
We Make Valuable Products Using A Variety Of Planet-Warming Gases From Industrial Plants, Landfills, Or Directly From The Air. Developer of a renewable catalytic heating element intended to use electricity as the main source of process energy. The company's technology enables an industry-wide shift away from fossil fuel combustion-based heat, leading to carbon dioxide reductions, enabling clients to ensure the decarbonization of the chemical industry by electrifying the chemical production process through a printed catalyst technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Joe Rodden
Chief Technical Officer
Branko Zugic
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