Hydgen Raises $5M in Seed

Hydgen has successfully raised $5M in a Seed at a $18M valuation led by Ecosia VC, Climate Capital.

Company Overview

Hydgen is a CleanTech company headquartered in Oslo, Norway, founded in 2023 with 20+ employees.

Green hydrogen production solutions for industrial decarbonization

Fundraising Details

Amount Raised: $5M
Round Type: Seed
Valuation: $18M
Date: 2025-10-29
Investors: Ecosia VC, Climate Capital

About Hydgen

Green hydrogen production solutions for industrial decarbonization The company is positioned in the CleanTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Oslo, Norway
Founded: 2023
Team Size: 20+
Industry: CleanTech

What This Means

This funding round demonstrates strong investor confidence in Hydgen's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The CleanTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Hydgen's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $18M valuation marks an important milestone for Hydgen, positioning the company among notable players in the CleanTech industry.

Looking Ahead

With this new capital, Hydgen is well-positioned to execute on its growth strategy and continue building innovative solutions in the CleanTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-29. For more information about Hydgen, visit their headquarters at Oslo, Norway.