# Peregrine Hydrogen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peregrine-hydrogen

- Industry: Chemicals
- Headquarters: Santa Cruz, US
- Website: www.peregrinehydrogen.com/
- Total disclosed funding: $6.2M
- Latest round: Seed (Jun 2, 2023)
- Investors on record: 6

## About

Based in California, US, and co-founded by Matt Shaner (CTO), Stefan Omelchenko, Ian McKay, and Friðrik Lárusson (CEO) in 2023, Peregrine Hydrogen Inc., a spin-out of the climate technology incubator Orca Sciences, operates as a climate technology company specializing in clean hydrogen manufacturing In September 2023 the firm raised USD 7.8 million in seed funding led by investor Bidra, with participation from investors Builders, Gates Frontier, Presidio Ventures, RiSC Capital and Schox. 

The company focuses on producing clean hydrogen without the associated environmental and financial costs. Peregrine has developed a dual-production method that combines clean hydrogen production with valuable industrial chemicals. The company by harnessing the unique chemical properties of feedstocks, significantly reduces energy consumption and simultaneously generates high-value co-products, streamlines supply chains, and delivers strategic benefits to its customers. The result is cost-effective, clean hydrogen production that does not rely on government subsidies.

## Funding rounds

- Seed, Jun 2, 2023, $6.2M — Presidio Ventures, Builders VC, RiSC Capital Corp, Schox, Bidra Innovation Ventures, Gates Frontier

## Investors

- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Seed
- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Seed
- RiSC Capital Corp (https://capitalatlas.ai/funds/risc-capital-corp) — Seed
- Schox (https://capitalatlas.ai/funds/schox) — Seed
- Bidra Innovation Ventures (https://capitalatlas.ai/funds/bidra-innovation-ventures) — Seed
- Gates Frontier — Seed