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FluoRok raises $30M Series A to scale HF-free fluorochemicals

2 reports2 report sources37 minutes agoUpdate

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Oxford spin-out FluoRok raised a $30M (€26.64M) Series A led by Orano Venture Fund and Supernova Invest, bringing total equity funding to about $44M. The round was oversubscribed and includes about $1.3M in Innovate UK grant funding through its Investor Partnerships programme. The money goes to demonstrator facilities for reagents and battery electrolyte salts, plus hiring, customer validation at scale and commercial partnerships. FluoRok says its patented process makes fluorochemicals without hydrogen fluoride, the hazardous input used in conventional production. It is targeting battery and pharma chemicals; most lithium hexafluorophosphate, the common Li-ion battery salt, is made in China, according to Fastmarkets. The company has not reported commercial-scale output or customer figures.

AI-generated from reports · 21 minutes agoUpdate

Latest updatesNov 5 14:21
Oxford spin-out FluoRok raises €26.64M Series A to make fluorochemicals without hydrogen fluoride

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Nov 5
  1. EU-Startups FundingTop Deals
    Oxford spin-out FluoRok raises €26.64M Series A to make fluorochemicals without hydrogen fluoride

    FluoRok, an Oxford-based chemical manufacturing spin-out founded in 2022, raised a €26.64M ($30M) Series A led by Orano Ventures Fund/Supernova Invest.

  2. Tech Funding NewsTop Deals
    Oxford spinout FluoRok raises $30M Series A to make battery chemicals without hydrogen fluoride

    FluoRok, an Oxford spinout founded in 2022, raised a $30M Series A led by Orano Venture Fund and Supernova Invest to scale its hydrogen fluoride-free process for battery and pharma chemicals. The round was oversubscribed and brings total equity funding to about $44M, with the money going to demonstrator facilities for reagents and battery electrolyte salts. Most Li-ion batteries use lithium hexafluorophosphate, roughly 85-90% of which is produced in China, according to Fastmarkets.

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