

Found Energy

Found Energy is building rechargeable aluminum fuel power systems aimed at eliminating carbon emissions from heavy industrial applications ranging from industrial heating (7% of global CO2 emissions) to maritime shipping (3% of global CO2 emissions). Building off technology developed at MIT that enables metallic aluminum to split water, our energy delivery systems safely generate hydrogen and/or industrial heat on-site at >5x the volumetric energy density of liquid hydrogen, >3x that of methanol and ammonia, and >25x that of Li-ion batteries. By integrating storage, transport, and generation into a single package, our technology solves some of the biggest pain points in renewable energy transmission and storage. At Found Energy, we believe in securing a livable and equitable future for our planet, and we are looking for partners who are motivated by this goal to join us.
Founding Year
2022
Headquarters
Boston
,
United States
Sector(s)
No items found.
Funding State
Pre-Seed
Seed
Series A
Series B+
Exited
Total Funding Amount
$16.90M
Funds that Investested
Munich Re Ventures
Our experienced investors work closely with the Munich Re Group businesses across the globe to fund and partner with the best emerging companies that are developing new technologies and business models – and risks – for tomorrow’s world. As one of the global providers of reinsurance, primary insurance and insurance-related risk solutions, Munich Reis uniquely positioned to help the world adopt new innovations by transferring the risks from invention and by developing solutions for loss prevention. As strategic investors, Munich Re Ventures provides capital and guidance to current and future Munich Re partners who are creating the world around us. We invest out of three funds with the Munich Re Group companies as Limited Partners: the Munich Re Fund for the Reinsurance Group, the HSB Fund for specialty insurer Hartford Steam Boiler, and the ERGO Fund for European and Asian primary insurer ERGO. With Munich Re’s strong balance sheet, flexibility and vast insurance and industry relationships, these businesses provide value to our investments from day one. Whether de-risking the go-to-market strategy for an early stage renewable energy technology provider company or providing insurance capacity for a startup offering a new type of insurance for autonomous vehicles, our businesses deliver innovative solutions in an ever-changing world.
Pre-Seed
Seed
Series A
Series B+
View Profile
Bessemer Venture Partners
With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has more than $20 billion of assets under management.
Pre-Seed
Seed
Series A
Series B+
View Profile
Closed Loop Partners
Invests in sustainable consumer goods, advanced recycling technologies and the development of the circular economy.
Pre-Seed
Seed
Series A
Series B+
View Profile
Climate Capital
Climate Capital is an early-stage climate tech VC with over 250+ portfolios across various sectors working on decarbonizing the global economy.
Their due diligence process starts with a few calls with the team, then a review of the deck and data room. It takes 2-4 weeks from first call to sign and wire.
They do not engage until after the lead is in place.
Climate Capital has a slack community of with our 250+ founders to share knowledge and resource. They also have a bunch of discounts through builtfirst and other vendors on software tools. They have a blog series to help promote our companies
Their due diligence process starts with a few calls with the team, then a review of the deck and data room. It takes 2-4 weeks from first call to sign and wire.
They do not engage until after the lead is in place.
Climate Capital has a slack community of with our 250+ founders to share knowledge and resource. They also have a bunch of discounts through builtfirst and other vendors on software tools. They have a blog series to help promote our companies
Pre-Seed
Seed
Series A
Series B+
View Profile
Investors that Investested
Leo Banchik
Partner, Global Founders Capital
Leo Banchik is a partner @ Global Founders Capital focused on climate tech. Before GFC, he lead climate tech investing work @ McKinsey Sustainability and earned a PhD in Mechanical Engineering
Pre-Seed
Seed
Series A
Series B+
Round-focused Sheets
Geography-focused Sheets
Sector-focused Sheets