Fundraising Fox

OCO

Richland, US · Founded 2016 · 2 known investors

ocochem.com ↗

OCOchem develops an electrochemical process that converts CO2 into formic acid (hydrogen formate) using only electricity and water, aiming to undercut the cost of the fossil-fuel-based version. The company targets the renewable chemicals and industrial decarbonization market.

Advanced ManufacturingCleantechClimate TechNew Materials

Founders & leadership

OCO was founded in 2016 by Todd T. Brix.

TT
Todd T. BrixCEO and Co-Founder
AS
Arun S. AgarwalChief Technology Officer
TT
Todd Thoreau BrixNamed on SEC filing
AT
Arthur Terry BrixNamed on SEC filing

Board

JP
Joshua PhitoussiBoard director
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A.T. "Terry" BrixChairman & Chief Strategy Advisor

Investors · 2

Launch Alaska Investment FundAnchorage
TO VCNew York

Competitors · 1

by search overlap
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Companies competing with OCO for the same Google search keywords, organic and paid, via search-intersection analysis.

Reported raises · per SEC filings

Form D private placements

$6.9M disclosed across 3 rounds · 2018–2025

▶$2.1MraisedJan 2026 · 6 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd Thoreau BrixExecutive Officer, Director
  • Joshua PhitoussiDirector
  • Arthur Terry BrixExecutive Officer, Director
Offering amount
$2.1M
Amount sold
$2.1M
Minimum investment
$100K
First sale
Dec 2025
Incorporated
Corporation, Washington
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.6MraisedOct 2023 · 5 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Joshua PhitoussiDirector
  • Arthur Terry BrixExecutive Officer, Director
  • Todd Thoreau BrixExecutive Officer, Director
Offering amount
$5.4M
Amount sold
$4.6M
Minimum investment
$25K
Proceeds to insiders
$250K
First sale
Oct 2023
Incorporated
Corporation, Washington
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$200KraisedNov 2018 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd BrixExecutive Officer, Director, Promoter
  • Terry BrixExecutive Officer, Director, Promoter
Offering amount
$400K
Amount sold
$200K
Minimum investment
$50K
First sale
Nov 2018
Incorporated
Corporation, Oregon, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 4 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. ArmyArmyPhase II2021$568.5K
ARPA-EPhase II2021$254K
ARPA-EPhase I2021$239.9K
U.S. ArmyArmyPhase I2020$111.5K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does OCO do?
OCOchem develops an electrochemical process that converts CO2 into formic acid (hydrogen formate) using only electricity and water, aiming to undercut the cost of the fossil-fuel-based version. The company targets the renewable chemicals and industrial decarbonization market.
Who founded OCO?
OCO was founded by Todd T. Brix in 2016.
Who are OCO's investors?
OCO's investors include Launch Alaska Investment Fund, TO VC.
How much funding has OCO raised?
OCO has disclosed $6.9M raised across 3 rounds.
Where is OCO headquartered?
OCO is headquartered in Richland, US.