Fundraising FoxThiozen
Belmont, US · Founded 2020 · Delaware corporation · 2 known investors
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Thiozen, an MIT spinout, produces hydrogen from sour gas waste streams using a low-emission method aimed at the energy industry. The company serves energy sector partners seeking affordable clean hydrogen for decarbonization and energy security.
Founders & leadership
Thiozen was founded in 2020 by Ryan Gillis and Ajay Bawa.
Investors · 2
Funding
SEC filings, press & company announcements$6.2M disclosed across 2 rounds · 2021–2024
- $3.2MraisedJul 2024 · 2 sourcesSource ↗
▶$3MraisedJun 2021 · 13 investors · Energy ConservationRule 506(b)
- Ryan GillisExecutive Officer, Director
- Ajay BawaExecutive Officer
- Massimiliano PieriDirector
- William H. Green, Jr.Director
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- May 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 2
Companies working in the same space as Thiozen.
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Science Foundation | Phase II | 2023 | $954.5K |
| National Science Foundation | Phase I | 2022 | $254.4K |
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.
In the news
Frequently asked questions
- What does Thiozen do?
- Thiozen, an MIT spinout, produces hydrogen from sour gas waste streams using a low-emission method aimed at the energy industry. The company serves energy sector partners seeking affordable clean hydrogen for decarbonization and energy security.
- Who founded Thiozen?
- Thiozen was founded by Ryan Gillis, Ajay Bawa in 2020.
- Who are Thiozen's investors?
- Thiozen's investors include Good Growth Capital, Eni Next.
- How much funding has Thiozen raised?
- Thiozen has disclosed $6.2M raised across 2 rounds.
- Where is Thiozen headquartered?
- Thiozen is headquartered in Belmont, US.