Tech Company Financing Transactions
OCOchem Funding Round
INPEX, Lee Family Office and MIH Capital Management participated in a $5 million Seed funding round for OCOchem. The round was announced on 11/16/2023.
Transaction Overview
Company Name
Announced On
11/16/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to scale its modular carbon conversion technology to industrial proportions and build a pilot plant for commercial demonstration operations.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Post Office Box 190
Blue River, OR 97413
USA
Blue River, OR 97413
USA
Phone
Undisclosed
Website
Email Address
Overview
OCOchem is developing and scaling patented and proprietary technology that electrochemically uses carbon dioxide to store energy in the chemical bonds of formates and formic acid. OCOchem was founded in 2017 in the Pacific Northwest, and operates its principal R&D laboratories in Richland, Washington.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Arthur Brix
Chief Executive Officer
Todd Brix
VP - Engineering
Arun Agarwal
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