# BeFC - Bioenzymatic Fuel Cells

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/befc-bioenzymatic-fuel-cells

- Industry: Power & Utilities
- Headquarters: Gieres, France
- Website: www.befc.global
- Total disclosed funding: $21M
- Latest round: Series A (Jun 8, 2023)
- Investors on record: 5

## About

BeFC specializes in the development of bioenzymatic fuel cells, providing sustainable energy solutions utilizing biological processes for clean energy generation.Founded in 2020 in Gieres, France, BeFC - Bioenzymatic Fuel Cells focuses on innovative energy solutions. The company has successfully raised EUR 16.00 mn in Series A funding on June 8, 2023, led by Otium Capital. The company was established by Andrew Gross and Rodolphe Maniclas, with Jules Hammond serving as CEO. BeFC has completed two deals to date.BeFC's primary offerings focus on bioenzymatic fuel cells designed to provide efficient and sustainable energy solutions. These innovative products cater to various sectors, including logistics, healthcare, and financial services, enhancing operational workflows and data management. They are deployed across North America, Europe, and parts of Asia, serving a wide range of clients from large enterprises to small to medium-sized businesses.In the most recent fiscal year 2022, BeFC reported a revenue of EUR 335,937.40. The company's revenue model includes direct-to-consumer sales and B2B partnerships, with a focus on subscription-based services to ensure ongoing access to their core products.Following its recent funding round on June 8, 2023, where BeFC raised EUR 16.00 mn, the company plans to utilize these resources to expand its customer base and enter new markets specifically in North America and Asia. The development of new bioenzymatic fuel cell products is also on the agenda, though specific release dates have not been disclosed.

## Funding rounds

- Series A, Jun 8, 2023, $17M — Demea Invest, Supernova Invest, BNP Paribas Developpement, Linksium, Otium Capital
- Seed, Dec 2, 2020, $3.6M — Demea Invest, Supernova Invest, BNP Paribas Developpement

## Investors

- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Seed, Series A
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Seed, Series A
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Seed, Series A
- Linksium — Series A
- Otium Capital (https://capitalatlas.ai/funds/otium-capital) — Series A