RIFT

Private

EindhovenEnergy & Sustainabilityhttps://www.ironfueltechnology.com/

Last Round

Grant

Mar 3, 2026

Total Funding Raised

$63.6M

Company Overview

RIFT is a cleantech company that provides a circular iron fuel technology for decarbonizing industrial heat.

Sector

Energy & Sustainability

Verticals

Alternative Fuels, Energy Storage, Circular Economy, Clean Manufacturing

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Government Contracts

AI Layer

Non-AI

Keywords

iron fuelindustrial heatcircular energymetal fuelcarbon-neutral heatiron powder combustiondecarbonization technologyindustrial boilerclean heatrenewable fuelenergy storagethermal energymetal powder fuelzero-emission heat

Historical Pricing

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RIFT Comps

Public and private peers based on sector, stage, and business model.

RIFT comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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RIFT Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Grant	Mar 3, 2026
Series A	Oct 17, 2024
Series A	Oct 17, 2024
Seed	Nov 11, 2022
Seed	Oct 1, 2022

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Key People

Founding team and executive leadership

Mark Verhagen

Co-Founder CEO

Founding Team

Tim Janssen

Scale-up CFO At RIFT (Renewable Iron Fuel Technology)

Executive Team

Aron Damen

Chief Operating Officer

Executive Team

RIFT Investors

Notable investors and investment history

RIFT investors
Investor	Rounds
Brabantse Ontwikkelings Maatschappij	Seed, Series A, Grant
Invest-NL	Series A, Grant
PGGM	Series A, Grant
Breakthrough Energy Foundation	Seed
Rubio Impact Ventures	Seed, Series A, Grant
Oost NL	Series A, Grant
Rotterdam Energy Transition Fund	Seed, Series A

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RIFT Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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RIFT Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersEindhoven

Employee Range100

Year Founded2020

Last FundingMar 3, 2026

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