# Snowfox Discovery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snowfox-discovery

- Industry: Mining
- Headquarters: Oxford, UK
- Website: www.snowfoxdiscovery.com/
- Total disclosed funding: $34M
- Latest round: Series A (Sep 7, 2025)
- Investors on record: 6

## About

Based in the UK and founded in 2023, Snowfox Discovery specialises in the exploration and utilisation of natural hydrogen as a sustainable energy resource. In January 2025, Snowfox Discovery raised Series A funding led by new investor BP Ventures, with participation from another investor, Rio Tinto Group. Returning investor Oxford Sciences Enterprises. As of January 2025, the company is led by CEO Daniel McMahon.

The core offering of Snowfox Discovery is its Hydrogen Search Engine, a tool that integrates geoscientific data, risk quantification, and materiality assessments to identify viable natural hydrogen resources. This platform enables the exploration of natural hydrogen systems, providing insights into their characteristics and potential yield. Snowfox also employs a diversified portfolio approach to balance risk and optimise the acquisition of acreage for exploration. The company's methodology is built on a bottom-up approach, emphasising a detailed understanding of natural hydrogen systems. This approach allows Snowfox to articulate hydrogen systems comprehensively and apply scalable, repeatable processes to exploration projects.


Snowfox Discovery generates revenue primarily through partnerships, licensing agreements, and the acquisition and development of exploration acreage.


The company will use the January 2025 funding to accelerate the development of its core technology, expand operations, and establish a substantial inventory of global natural hydrogen prospects.

## Funding rounds

- Series A, Sep 7, 2025, $30M — Oxford Capital Partners, Bamford Family Office, Rio Tinto Group, BP Ventures, Oxford Sciences Enterprises, AP Ventures
- Series A, Jan 20, 2025 — Rio Tinto Group, BP Ventures, Oxford Sciences Enterprises
- Seed, Jul 27, 2023, $3.9M — Oxford Sciences Enterprises

## Investors

- Oxford Sciences Enterprises (https://capitalatlas.ai/funds/oxford-sciences-enterprises) — Seed, Series A
- Rio Tinto Group — Series A
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series A
- Oxford Capital Partners (https://capitalatlas.ai/funds/oxford-capital-partners) — Series A
- Bamford Family Office — Series A
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Series A