Tech Company Financing Transactions
Dynelectro Funding Round
Dynelectro, operating out of Viby Sjælland, secured $12 million in funding from EIFO, European Investment Bank and PreSeed Ventures.
Transaction Overview
Company Name
Announced On
7/11/2024
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This funding will enable the company to build its innovative 1-MW Dynamic Electrolyser Unit (DEU) technology, facilitating broader deployment into the green hydrogen market.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
Syvvejen 10, hal 3
Viby Sjælland, 4130
Denmark
Viby Sjælland, 4130
Denmark
Phone
Website
Email Address
Overview
Dynelectro offers a unique method extending life expectancy of solid oxide electrolysis (SOE) from two years up to ten years. Dynamic control is deployed to offset intermittent power within green fuel production. We have proprietary technologies which can unlock significant potential to reduce the cost of green hydrogen. We design and manufacture a novel method to produce green hydrogen using commercially available hardware.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sune Lilbæk
Co-Founder
Søren Jensen
Co-Founder
Samantha Phillips
Browse more venture capital transactions:
Prev: 7/11/2024: Jacobi Robotics venture capital transaction
Next: 7/11/2024: Hui venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs