RIFT Development

Power & UtilitiesSeries BEindhoven, Netherlandsironfueltechnology.com

Latest round

Series B

Last raised

Feb 2026

Total raised

$113M

Investors

7

About RIFT Development

V. is a clean energy company that provides renewable iron fuel technology solutions for decarbonizing industrial heat.V. RIFT’s core product, Iron Fuel Technology™, leverages a process where iron powder undergoes a rusting and unrusting cycle to produce sustainable, renewable heat. This technology is versatile and can be applied to district heating, industrial processes, and electricity generation, offering industries an alternative to conventional fossil fuels. It is designed to reduce carbon emissions while meeting the heat demands of various sectors.

Who invested in RIFT Development

7 investors across 3 rounds

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Funding rounds

  1. Series B

    Feb 4, 2026

    Amount

    $99M

    Investors

    Locked

  2. Series A

    Oct 7, 2024

    Amount

    $12M

    Investors

    Locked

  3. Seed

    Oct 20, 2022

    Amount

    $1.9M

    Investors

    Locked

Questions about RIFT Development

Who invested in RIFT Development?

RIFT Development has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has RIFT Development raised?

RIFT Development has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did RIFT Development last raise money?

RIFT Development's most recent round on record is a Series B, in Feb 2026.

What does RIFT Development do?

RIFT Development is a power & utilities company.

Where is RIFT Development headquartered?

RIFT Development is headquartered in Eindhoven, Netherlands.

Which VCs invest in companies like RIFT Development?

Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back power & utilities companies at RIFT Development's stage. Their profiles are linked below.

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