# xF Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xf-technologies

- Industry: Renewable Energy
- Headquarters: US
- Website: www.xftechnologies.com
- Total disclosed funding: $8M
- Latest round: Series A (Feb 15, 2014)
- Investors on record: 3

## About

xF Technologies Inc. focuses on developing and producing advanced biofuels and chemical alternatives, leveraging innovative technology to provide sustainable solutions for various industrial applications.xF Technologies Inc. is engaged in the development of sustainable chemical products. Founded in 2007 in the US, the company has raised a total of USD 1.00 mn through 6 deals, with the most recent funding round occurring on February 14, 2019. The company was founded by Aviad Cahana, who also serves as the CEO alongside Len Rand.xF BioSolutions specializes in the development and production of advanced biofuels and chemical alternatives, primarily focusing on their proprietary molecular platform known as furaotes, or 408s. These bio-based chemicals aim to replace toxic and non-renewable substances found in various industrial applications, providing similar or superior performance while enhancing environmental health and safety ratings. The company’s product offerings include cleaning and processing solvents, plasticizers, coalescing aids, personal care ingredients, and fuel oxygenates, all derived from biomass-based sugars and alcohols through innovative N-Heterocyclic Carbene catalysis. Their solutions target industries seeking sustainable chemical alternatives and are marketed primarily to clients in North America, Europe, and Asia, where demand for environmentally friendly products is increasing.xF BioSolutions generates revenue through business-to-business transactions, focusing on partnerships with manufacturers and industrial clients across various sectors. The company’s revenue model includes direct sales of its flagship products, which encompass a range of bio-based solvents and additives tailored to the specific needs of their customers. Transactions typically involve bulk orders, with pricing structures reflecting the value added through their sustainable and non-toxic product offerings. This approach enables xF BioSolutions to secure long-term contracts and establish ongoing relationships with key players in the industries they serve.xF Technologies Inc. plans to leverage the USD 1.00 mn raised in February 2019 to support upcoming product launches designed to enhance their portfolio of bio-based chemicals. The company aims to expand its market reach into new geographic regions, specifically targeting growth in Asian markets by the end of 2025. The recent funding will be utilized to accelerate product development and enhance marketing efforts in these regions.

## Funding rounds

- Series A, Feb 15, 2014, $4.5M — Sun Mountain Capital, Cottonwood Technology Fund, Gerbera Capital
- Series A, Aug 9, 2013, $2M — Sun Mountain Capital, Cottonwood Technology Fund
- Series A, Jun 12, 2012, $1.5M — Cottonwood Technology Fund

## Investors

- Cottonwood Technology Fund (https://capitalatlas.ai/funds/cottonwood-technology-fund) — Series A
- Sun Mountain Capital (https://capitalatlas.ai/funds/sun-mountain-capital) — Series A
- Gerbera Capital (https://capitalatlas.ai/funds/gerbera-capital) — Series A