# Tsubame BHB Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tsubame-bhb-co

- Industry: Chemicals
- Headquarters: Yokohama-shi, Japan
- Website: www.tsubame-bhb.co.jp
- Total disclosed funding: $39M
- Latest round: Series C (Feb 21, 2024)
- Investors on record: 7

## About

Based in Tokyo, Japan, and founded in 2017, Tsubame BHB Co., Ltd., operates as a designer and manufacturer of an on-site ammonia production system and catalyst used to produce ammonia byproducts. In July 2022, Tsubame BHB Co., Ltd., raised JPY 4.0 billion in venture funding from Ajinomoto, Development Bank of Japan, i-nest capital, Idemitsu Kosan, Innovations and Future Creation Inc., and many more investors. As of 2023, the company is led by its CEO, Masahiro Watanabe, and has partnered with companies like Ajinomoto Co., Inc., Universal Materials Incubator Co., Ltd., Future Creation Organization Co., Ltd., Fuyo General Lease Co., Ltd., and many more. Tsubame BHB offers a compact ammonia production device that allows facilities to synthesize ammonia under low-temperature and low-pressure conditions. The company uses electrocatalytic technology for ammonia production equipment used to produce energy and various raw materials. The company plans to use the July 2022 funding to accelerate new process development, research and development, and recruitment.

## Funding rounds

- Series C, Feb 21, 2024, $35M — Energy & Environment Investment, Yokogawa Electric Corporation, Heraeus Holding
- Series A, Oct 26, 2020, $3.5M — Mitsubishi UFJ Capital, Fuyo General Lease, Mitsubishi Chemical Group, Miraisozo Investments

## Investors

- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- Fuyo General Lease — Series A
- Mitsubishi Chemical Group — Series A
- Miraisozo Investments (https://capitalatlas.ai/funds/miraisozo-investments) — Series A
- Energy & Environment Investment (https://capitalatlas.ai/funds/energy-environment-investment) — Series C
- Yokogawa Electric Corporation — Series C
- Heraeus Holding — Series C