Startup · Netherlands
RIFT
HQ Eindhoven, NetherlandsFounded 202051-200 employeesUpdated
Develops circular iron-fuel technology to supply industrial heat.
Funding4 rounds · ~$110M
- Equity raised
- ~$110M
- Debt, secondaries & grants
- ~$35.5M
- Latest
- ~$35.5MGrant · Mar 3, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Mar 3, 2026 | Grant | ~$35.5M | — | — | — | Reported |
| Mar 3, 2026 | Series B | ~$96.0M | — | PGGM | — | Confirmed |
| Oct 17, 2024 | Series A | ~$12.0M | — | — | — | Reported |
| Oct 20, 2022 | Seed | ~$2.0M | — | — | — | Reported |
- Grant~$35.5MMar 3, 2026
- Series BLed by PGGMConfirmed~$96.0MMar 3, 2026
- Series A~$12.0MOct 17, 2024
- Seed~$2.0MOct 20, 2022
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Circular iron-fuel technology for industrial heat is an energy storage and fuel technology with no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Circular iron-fuel technology for industrial heat is an energy storage and fuel technology with no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People1
| Person | Role |
|---|---|
| Mark Verhagen | Co-founder |
Sources6
Profile3
- 1
- 2
Supports Organization · linkedin url
“https://www.linkedin.com/company/renewableironfueltechnology/”
- 3CompanyLet's Talk - RIFT
Supports Organization · hq city, Organization · hq region
“RIFT HQ Het Eeuwsel 57 5612 AZ Eindhoven The Netherlands”
Funding2
- 4
Supports Funding round, Funding round · investors, Organization, Organization · ownership
“an €83.1 million Series B round led by PGGM, a Dutch pension fund investor, with participation from Invest-NL, the Dutch national investment institution, and regional development agency Oost NL. Rubio Impact Ventures, Brabantse Ontwikkelings Maatschappij (BOM), and the Energietransitiefonds Rotterdam also participated. In addition, RIFT has been selected for a €30.7 million”
- 5DatabaseRIFT company profile
Octen Business Search · Supports Funding round, Organization · employee range
“funding round: Series A, 2024-10-17, EUR 11,000,000”
People1
- 6
Supports Role
“Mark Verhagen, CEO & co-founder of RIFT”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.