About Verdagy
Verdagy is a company based in Moss Landing (United States) founded in 2021 by Ryan Gilliam.. Verdagy has raised $98 million across 3 funding rounds from investors including Shell, Galp and Khosla Ventures. The company has 42 employees as of December 31, 2023. Verdagy offers products and services including Dynamic Electrolyzers and Clean Hydrogen Plant. Verdagy operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Moss Landing, United States
- Employees 42 as on 31 Dec, 2023
- Founders Ryan Gilliam
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Verdagy, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$98 M (USD)
in 3 rounds
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Latest Funding Round
$39.6 M (USD), Grant
Mar 14, 2024
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Investors
Shell
& 17 more
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Employee Count
42
as on Dec 31, 2023
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Products & Services of Verdagy
Verdagy offers a comprehensive portfolio of products and services, including Dynamic Electrolyzers and Clean Hydrogen Plant. 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.
Systems for real-time renewable energy matching and low-cost hydrogen generation.
Design for large-scale hydrogen production in industrial settings.
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Funding Insights of Verdagy
Verdagy has successfully raised a total of $98M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $39.6 million completed in March 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 3
- Last Round Grant — $39.6M
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First Round
First Round
(08 Feb 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Grant - Verdagy | Valuation |
investors |
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| Aug, 2023 | Amount | Series B - Verdagy | Valuation | Temasek , Shell Ventures | |
| Feb, 2022 | Amount | Series A - Verdagy | Valuation | TDK Ventures |
| 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 Verdagy
Verdagy has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Galp and Khosla Ventures. 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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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Shell
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Founded Year | Domain | Location | |
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Bidra is focused on investing in innovative startup companies.
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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 Verdagy
| 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 - Verdagy
| 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 |
Verdagy Comparisons
Competitors of Verdagy
Verdagy 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 Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, 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 |
Provider of hydrogen production and storage solutions
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| domain | founded_year | HQ Location |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Aerial inspection services are delivered using automated drones.
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Verdagy
Frequently Asked Questions about Verdagy
When was Verdagy founded?
Verdagy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Verdagy located?
Verdagy is headquartered in Moss Landing, United States. It is registered at Moss Landing, California, United States.
Who is the current CEO of Verdagy?
Marty Neese is the current CEO of Verdagy.
Is Verdagy a funded company?
Verdagy is a funded company, having raised a total of $98M across 3 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Feb 08, 2022.
How many employees does Verdagy have?
As of Dec 31, 2023, the latest employee count at Verdagy is 42.
What does Verdagy do?
Verdagy was founded in 2021 and is headquartered in Moss Landing, United States. Electrolyzers designed for hydrogen production are provided by the company within the clean energy sector. Operations focus on developing and delivering technology for scalable hydrogen generation. Key personnel include founder Ryan Gilliam and CEO Marty Neese. The companys domain, verdagy.com, supports its activities in this field.
Who are the top competitors of Verdagy?
Verdagy's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does Verdagy offer?
Verdagy offers Dynamic Electrolyzers and Clean Hydrogen Plant.
Who are Verdagy's investors?
Verdagy has 18 investors. Key investors include Shell, Galp, Khosla Ventures, BlueScope, and BHP.
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