Hydryx funding news – Amsterdam-based Hydryx Secures Convertible Loan

By addressing one of the most potent greenhouse gasses, the investment will support the company's objective and aid in the worldwide effort to battle climate change.

Read also - Gaussion funding news – London-based Gaussion Raises $12 Million in Series A Round Funding

Three landfills will host demonstration projects thanks to the investment, which will also advance product development with better sensors and algorithms and make client acquisition and global expansion easier.

Anthonie Jacobson, co-founder of Hydryx, says, “We really see landfills as an underexposed part of the climate problem. Our mission is to reduce these emissions as quickly as possible and it is fantastic that the Innovatiefonds Noord-Holland is accelerating the approach to this problem with this funding.”

Ludolf Stavenga, fund manager of Innovatiefonds Noord-Holland, adds, “Hydryx offers a smart combination of hardware and software for a relevant problem in the market. With the financing from INH, Hydryx can show that this solution works on a larger scale.”

Through convertible loans for innovation in the Proof-of-Concept stage, the Province of Noord-Holland, University of Amsterdam, Vrije Universiteit, Hogeschool van Amsterdam, Amsterdam UMC, and Sanquin help entrepreneurs in the region through Innovatiefonds Noord-Holland.

About Hydryx

Anthonie Jacobson and Joren Tangelder founded Hydryx in 2023 with the goal of lowering emissions and assisting with the energy transition. It is creating technologies to extract methane from landfills and turn it into green electricity. Methane emissions from landfills are a significant contributor to the climate catastrophe, making up around 20% of global emissions of this potent greenhouse gas.