# Versogen

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

- Industry: Renewable Energy
- Headquarters: Wilmington, US
- Website: www.versogen.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 6, 2022)
- Investors on record: 7

## About

Founded in 2018 and based in Delaware, US, Versogen, Inc. develops AEM electrolyzers to produce green hydrogen. The company was co-founded by CEO, Yushan Yan, the Henry B. du Pont Chair of Chemical and Biomolecular Engineering at the University of Delaware and a member of the National Academy of Engineering, Junhua Wang, Ph.D., Brian Setzler, Ph.D., and Keda Hu, Ph.D. In April 2022, Versogen, Inc. raised USD 14.5 million in Series A funding co-led by new investors Affiliated Companies and Doosan Corporation, with participation from TOP Ventures, The Chemours Company, TechEnergy Ventures, DSC Investment, CN Innovations Holdings Ltd also participated in the round. The Series A funding values Versogen, Inc. at USD 49.13 million post-money.

Versogen offers proprietary anion exchange membranes (AEM) and zero-emission electrolyzers that use water, and renewable energy to produce low-cost green hydrogen at scale. Versogen systems are engineered to make green hydrogen affordable and sustainable. Versogen membranes enable the use of low-cost construction materials in electrolyzers, fuel cells, and other electrochemical devices. Versogen can reliably manufacture 30 square meters per hour of 20-um thick roll-to-roll membrane. 

The company plans to use the 2022 funding to develop the next-generation AEM electrolyzer stacks and expand the production of their patented anion exchange membranes (AEM).

## Funding rounds

- Series A, Apr 6, 2022, $15M — Affiliated Companies, DSC Investment, Doosan Corporation, CN Innovations Holdings Ltd., TOP Ventures, The Chemours Company, TechEnergy Ventures

## Investors

- Affiliated Companies — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Doosan Corporation — Series A
- CN Innovations Holdings Ltd. — Series A
- TOP Ventures — Series A
- The Chemours Company — Series A
- TechEnergy Ventures (https://capitalatlas.ai/funds/techenergy-ventures) — Series A