# Turn2X

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turn2x

- Industry: Renewable Energy
- Headquarters: Munich, Germany
- Website: www.turn2x.com
- Total disclosed funding: $27M
- Latest round: Series A (Oct 12, 2026)
- Investors on record: 4

## About

Based in Munich, Germany, and founded by Philip Kessler (CEO), Benedikt Stolz (COO), and Dominik Schollenberger (CTO) in 2022, Turn Energy GmbH, trading under the name Turn2X operates as a renewable energy company. In June 2023, the firm raised EUR 4.3 million in seed funding led by investor LEA Partners, with participation from other investors First Momentum Ventures and Verve Ventures.

The company produces RNG (Renewable Natural Gas) using raw materials like biomass, through their patented reactor, which combines renewable energy for electrolysis with biogenic CO2. The production and transport process involves co-locating Turn2X plants with renewable power plants and utilizing water and biogenic CO2 as inputs. After producing green hydrogen, the biogenic CO2 is added to form RNG, which is then transported through existing pipeline infrastructure to factories with high energy consumption.

The company plans to utilize its June 2023 funding for the construction of renewable natural gas (RNG) or biogas plants across Europe. The company also plans to scale up its standard plant module by 2023, followed by further patents filed in 2023. Turn2X also has a goal to avoid 23 million tonnes of CO2 by 2030 through the displacement of fossil fuels.

## Funding rounds

- Series A, Oct 12, 2026, $22M — Antwerpen Ventures, First Momentum Ventures, LEA Partners, Verve Ventures
- Seed, Jun 28, 2023, $4.7M — LEA Partners, First Momentum Ventures, Verve Ventures

## Investors

- LEA Partners (https://capitalatlas.ai/funds/lea-partners) — Seed, Series A
- First Momentum Ventures (https://capitalatlas.ai/funds/first-momentum-ventures) — Seed, Series A
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Seed, Series A
- Antwerpen Ventures — Series A