Tech Company Financing Transactions
XFuel Funding Round
XFuel, based in Dublin, secured $20 million from Audacy Ventures, Future Planet Capital and Light Ray Ventures.
Transaction Overview
Company Name
Announced On
1/28/2026
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
With this capital, we're moving decisively from innovation to impact; deploying our first commercial facilities and delivering cost-competitive, low-carbon drop-in fuels exactly when the shipping sector and other hard-to-abate industries need real solutions.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
9 Exchange Place
Dublin, DO1 X8H2
Ireland
Dublin, DO1 X8H2
Ireland
Phone
Undisclosed
Website
Email Address
Overview
Transforming diverse waste into today's most affordable low-carbon drop-in transport fuels and pioneering tomorrow's carbon-negative fuels. CLR -- a radically innovative one-step process that refines waste and non-waste hydrocarbon liquids into ultra-clean, low-carbon drop-in fuels delivering meaningful GHG savings and impact at low cost. MECC -- a unique co-processing technology processing lignocellulosic solid biomass, and waste oils into drop-in transport fuels, while simultaneously producing biochar; making MECC a carbon-negative solution. Our solutions are not only sustainable, but scalable and commercially competitive with fossil fuels. We are proud to be backed by world-class investors and leading organisations. Highlights include two operational pilot plants in Spain, and a commercial-scale project now underway in the EU.
Management Team
Title
Name
Email & Social
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