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Tidal Metals September 2024 Seed Funding Round

Tidal Metals September 2024 Seed Funding Round

Tidal Metals Raises $8.5M in Seed Funding

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Is a
Funding round
Funding round

Funding Round attributes

Funding Type
Seed
Seed
Funded Company
Tidal Metals
Tidal Metals
Funding Round Amount (USD)
8,500,000
Investment
Data Collective
Data Collective
Bidra Innovation Ventures
Bidra Innovation Ventures
‌
First Spark Ventures
Announcement URL
finsmes.com/2024/09/t...ng.html
Funding Round Date
September 19, 2024

Tidal Metals, a deep-tech company based in Hamilton, NJ, has raised $8.5 million in seed funding to further develop and build a pilot plant demonstrating its sustainable magnesium extraction technology. The funding round was led by DCVC, with additional participation from First Spark Ventures and Bidra Innovation Ventures. Tidal Metals, led by CEO Dr. Howard Yuh, uses a patented, environmentally-friendly process to extract magnesium from seawater without waste or harmful byproducts. The technology leverages renewable electricity, aiming for fully sustainable, decarbonized magnesium production.

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