Friday, April 23, 2021

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Syzygy Plasmonics: Raises $23M in Series B Funding

  • Syzygy Plasmonics, a Houston, TX-based technology company developing a photocatalyst for the industrial gas, chemical and energy industries, raised $23m in Series B financing
  • The round was led by Horizons Ventures with participation from new global investors including Equinor Ventures and existing investors The Engine, GOOSE Capital, and Evok Innovations
  • In conjunction with the funding, Patrick Poon of Horizons Ventures, joined the board of Syzygy
  • The company also intends to use the funds for product development, hiring and the commercialization of its photocatalytic reactor
  • Syzygy is developing a photocatalytic reactor to electrify chemical production
  • When powered with renewable electricity, the technology is able to reduce both cost and emissions from many different chemical reactions

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