About Versogen
Versogen is a company based in Wilmington (United States) founded in 2018 by Junhua Wang, Brian Setzler, Keda Hu, Yushan Yan, and Lan Wang.. Versogen has raised $15.5 million across 6 funding rounds from investors including Thaioil, Chemours and DSC Investment. The company has 37 employees as of December 31, 2023. Versogen offers products and services including Electrolyzer Technology and Green Hydrogen Membranes. Versogen operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Wilmington, United States
- Employees 37 as on 31 Dec, 2023
- Founders Junhua Wang, Brian Setzler, Keda Hu, Yushan Yan, Lan Wang
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.5 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Thaioil
& 7 more
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Employee Count
37
as on Dec 31, 2023
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Products & Services of Versogen
Versogen offers a comprehensive portfolio of products and services, including Electrolyzer Technology and Green Hydrogen Membranes. 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.
Generates green hydrogen using water and renewables for industrial use
Patented components for efficient hydrogen generation systems
Unlock access to complete
Funding Insights of Versogen
Versogen has successfully raised a total of $15.5M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(11 Dec 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Versogen | Valuation |
investors |
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| Apr, 2022 | Amount | Series A - Versogen | Valuation | HyAxiom | |
| Nov, 2019 | Amount | Grant - Versogen | Valuation |
investors |
| 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 Versogen
Versogen has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Thaioil, Chemours and DSC Investment. 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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TechEnergy Ventures is focused on accelerating the energy transition through investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested primarily in South Korean startups.
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Founded Year | Domain | Location | |
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High-risk energy technologies are funded through competitive grants.
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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 Versogen
| 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 - Versogen
| 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 |
Versogen Comparisons
Competitors of Versogen
Versogen 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 Versogen
Frequently Asked Questions about Versogen
When was Versogen founded?
Versogen was founded in 2018.
Where is Versogen located?
Versogen is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of Versogen?
Yushan Yan is the current CEO of Versogen. They have also founded this company.
Is Versogen a funded company?
Versogen is a funded company, having raised a total of $15.5M across 6 funding rounds to date. The company's 1st funding round was a Grant of $3.4M, raised on Dec 11, 2018.
How many employees does Versogen have?
As of Dec 31, 2023, the latest employee count at Versogen is 37.
What does Versogen do?
Provider of solutions for hydrogen generation. It uses an anion exchange membranes electrolyzer, water and renewable energy to produce green hydrogen.
Who are the top competitors of Versogen?
Versogen's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does Versogen offer?
Versogen offers Electrolyzer Technology and Green Hydrogen Membranes.
Who are Versogen's investors?
Versogen has 8 investors. Key investors include Thaioil, Chemours, DSC Investment, HyAxiom, and CN Innovations.