About Found Energy
Found Energy is a company based in Boston (United States) founded in 2022.. Found Energy has raised $16.57 million across 2 funding rounds from investors including Munich Re, MassCEC and Good Growth Capital. Found Energy offers products and services including Aluminum Thermal Power System. Found Energy operates in a competitive market with competitors including EvolOH, Ossus Biorenewables, Saikesaisi Hydrogen Energy, Green Independence and Aquature, among others.
- Headquarter Boston, United States
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Sectors
EnvironmentEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Found Energy Co
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.57 M (USD)
in 2 rounds
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Latest Funding Round
$14.62 M (USD), Seed
Jan 25, 2024
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Investors
Munich Re
& 7 more
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Employee Count
Employee Count
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Products & Services of Found Energy
Found Energy offers a comprehensive portfolio of products and services, including Aluminum Thermal Power System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Converts aluminum into fuel for clean power and hydrogen production
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Funding Insights of Found Energy
Found Energy has successfully raised a total of $16.57M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $14.62 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $14.6M
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First Round
First Round
(22 Aug 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Seed - Found Energy | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Found Energy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Found Energy
Found Energy has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Munich Re, MassCEC and Good Growth Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided for technology-driven industrial transformation.
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Founded Year | Domain | Location | |
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Early-stage investments are made in life sciences and technologies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Found Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Found Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Found Energy Comparisons
Competitors of Found Energy
Found Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EvolOH, Ossus Biorenewables, Saikesaisi Hydrogen Energy, Green Independence and Aquature, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electrolyzer stacks for clean hydrogen production are manufactured by EvolOH.
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| domain | founded_year | HQ Location |
On-site green hydrogen is generated from wastewater via microbial electrolysis.
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| domain | founded_year | HQ Location |
Manufacturer of PEM pure water electrolysis hydrogen production equipment
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| domain | founded_year | HQ Location |
Green hydrogen is generated from wastewater using artificial leaf technology.
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| domain | founded_year | HQ Location |
Develops decentralized platforms for industrial wastewater treatment and green chemical production.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Found Energy
Frequently Asked Questions about Found Energy
When was Found Energy founded?
Found Energy was founded in 2022.
Where is Found Energy located?
Found Energy is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Found Energy a funded company?
Found Energy is a funded company, having raised a total of $16.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.95M, raised on Aug 22, 2022.
What does Found Energy do?
Found Energy was founded in 2022 in Boston, United States, within the clean energy sector. Hydrogen storage solutions are developed by converting aluminum waste into carbon-free fuel. Modular fuel packs are supplied to deliver hydrogen and direct process heat, with adjustments possible for flow rates, pressures, and temperatures. Operations focus on sustainable fuel production for various applications.
Who are the top competitors of Found Energy?
Found Energy's top competitors include EvolOH, Ossus Biorenewables and Green Independence.
What products or services does Found Energy offer?
Found Energy offers Aluminum Thermal Power System.
Who are Found Energy's investors?
Found Energy has 8 investors. Key investors include Munich Re, MassCEC, Good Growth Capital, KOMPAS VC, and Autodesk.