OCOchem
Latest round
- Seed
Last raised
- Oct 2023
Total raised
- $4.6M
Investors
- 3
About OCOchem
OCOchem specializes in the production of hydrogen formate, an organic molecule synthesized from CO2, water, and clean electricity. Founded in 2017 in Richland, US, the company has engaged in 6 deals, with the most recent deal occurring on October 12, 2023.568 mn.OCOchem specializes in the production of hydrogen formate, a platform organic molecule synthesized through a unique CO2 electrolysis process that utilizes carbon dioxide, water, and clean electricity. This innovative technology allows for the efficient conversion of captured carbon emissions into valuable organic compounds, which can be further processed into a diverse range of derivative chemicals, fuels, and materials. The company’s core product, hydrogen formate, serves multiple industries, including agriculture, energy, and transportation, addressing the urgent need for more sustainable, fossil-free organic molecules. OCOchem's technology is designed to meet the demands of customers seeking environmentally friendly alternatives to traditional fossil-fuel-derived products.OCOchem operates on a direct manufacturing model, selling its hydrogen formate products to a range of commercial clients in diverse sectors. The revenue structure primarily involves B2B transactions, whereby businesses purchase bulk quantities of formate for use in applications such as fertilizers, preservatives, and energy carriers. The pricing strategy is structured around the cost savings associated with using their environmentally friendly products compared to conventional fossil-based alternatives, although specific pricing plans are proprietary. Given the nature of its products and the increasing demand for sustainable solutions, OCOchem is positioned to capitalize on long-term contracts and partnerships with organizations aiming to reduce their carbon footprint.S. The company plans to expand its product offerings by launching new products that enhance its current technology solutions, focusing on markets in North America and Europe by 2024.
Who invested in OCOchem
3 investors across 1 round
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Funding rounds
Seed
Oct 12, 2023
Amount
$4.6M
Investors
Questions about OCOchem
Who invested in OCOchem?
OCOchem has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has OCOchem raised?
OCOchem has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did OCOchem last raise money?
OCOchem's most recent round on record is a Seed, in Oct 2023.
What does OCOchem do?
OCOchem specializes in the production of hydrogen formate, an organic molecule synthesized from CO2, water, and clean electricity.
Where is OCOchem headquartered?
OCOchem is headquartered in Richland, US.
Which VCs invest in companies like OCOchem?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back chemicals companies at OCOchem's stage. Their profiles are linked below.
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