Participated · Series B · Feb 2025

Resynergi develops a proprietary Continuous Microwave Assisted Pyrolysis (CMAP) technology, sold as modular Resynergi Modules in partnership with Lummus Technology. The modules are designed for decentralized recycling and can process up to 50 tons of plastic waste per day with a smaller footprint and fast conversion times. Its process converts plastic waste into clean, reusable liquid hydrocarbons, aiming to reduce fossil dependency and CO2 emissions. The company works with recycling organizations to secure and transform hard-to-recycle plastics, claiming it has diverted millions of pounds of plastic from landfills and oceans. Headquartered in Rohnert Park, California, Resynergi plans to commission its first commercial-scale site to scale deployment and material recovery. The recent financing is intended to support commercial commissioning and broader rollout of its modular systems to meet growing demand for circular plastic resin. Resynergi is an advanced recycling technology company based in Rohnert Park, CA, led by CEO Brian Bauer. Its core product is the Continuous Microwave Assisted Pyrolysis (CMAP) technology that converts plastic into molecular building blocks. The proprietary CMAP process produces clean, liquid hydrocarbons that serve as feedstock for synthesizing new plastics and reduces dependence on fossil-based resources. Resynergi works with recycling organizations to secure used and hard-to-recycle plastics, diverting millions of pounds from landfills and oceans. The company raised $6.4M in a Series B co-led by Transitions First (T1ST) and Lummus Technology. It plans to use the funds to scale production of its modular CMAP systems and to expand its executive team to drive growth; Leon de Bruyn and Marianne Abib-Pech joined the board.

Participated · Equity · Jan 2025

Advanced Ionics is a Milwaukee, WI-based developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization. Its core product, the Symbion™ Electrolyzer Technology, works with process and waste heat and water-vapor electrolysis to produce lower-cost decarbonized hydrogen. The company says the platform enables industrial hydrogen producers and users to achieve greater sustainability. Advanced Ionics intends to use the $6.7M funding to accelerate development of its water-vapor electrolyzer technology and to build out manufacturing and research and development facilities. The funding round brought in new backers JERA, Lummus Venture Capital and the Argosy Foundation alongside existing investors Clean Energy Venture Group and bp Ventures. The board has appointed Ignacio Bincaz as chief executive officer to lead the next phase of development. Advanced Ionics develops electrolyzers that operate in the 200°C–600°C range to produce hydrogen for industrial feedstocks such as ammonia, petrochemicals, steel and glass. By targeting mid-range temperatures, the company avoids exotic materials and reduces both electricity and steam-generation energy compared with low- and very-high-temperature designs. Its electrolyzer can produce 1 kg of hydrogen with about 35 kWh of electricity, materially below today’s commercial electrolyzers that require just over 50 kWh per kg. The approach is intended to match heat profiles already present at many industrial sites, lowering integration costs. Advanced Ionics is running pilot projects that cover equipment and manufacturing, and plans to expand its team as it scales. The company is based in Milwaukee and was part of TechCrunch’s 2022 Startup Battlefield 200, where it became a finalist. Advanced Ionics develops SymbioticTM Electrolyzer Technology that integrates with industrial facilities and pre-existing processes to produce low-cost green hydrogen. Its electrolyzers leverage process and waste heat to reduce electricity usage by up to 40% versus power-intensive alkaline and membrane systems, enabling hydrogen production for less than $1/kg in many industrial locations. The company targets decarbonization of heavy industry—including ammonia and other energy‑intensive chemicals, steel and machinery, and oil refining—reducing reliance on natural gas. Advanced Ionics is headquartered in Milwaukee and is based in the U.S. Midwest, near manufacturing and industrial customers. With the new financing, the company plans to accelerate its product development roadmap, scale-up, and implement pilot and demonstration projects over the next year. Longer-term plans include deploying larger-scale projects and building a large-scale electrolyzer manufacturing facility to serve markets such as Europe and North America.

Participated · Series A · Sep 2024

Citroniq Chemicals develops carbon-negative materials and a platform for the chemical and plastics industries that uses U.S.-produced ethanol and other technologies to deliver low-cost carbon capture and avoidance. Its E2O process reduces greenhouse gas emissions and permanently sequesters carbon into a useful plastic pellet. The company is led by CEO Kelly Knopp and President & Co-Founder Mel Badheka. Citroniq plans to use recent funding to advance the planning, design, and construction of its first commercial plant in the State of Nebraska. The firm is headquartered in Houston, Texas and focuses on enabling customers to meet greenhouse gas reduction commitments through its materials and process innovations. No operating metrics were disclosed in the article.