Rivan
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Investors
About
Rivan (Rivan Industries) is a UK-based synthetic fuel producer that designs, manufactures, and deploys modular synthetic fuel plants combining off-grid solar power, water electrolysis, direct air capture, and Sabatier reactors to produce 99.9% pure synthetic methane that can be injected directly into gas grids as a drop-in replacement for fossil natural gas 13. Founded by serial entrepreneur Harvey Hodd, the company is based in Lewisham, South London, and targets hard-to-abate sectors such as steel, cement, and chemicals 23. The April 2026 round is intended to scale domestic synthetic fuel production across Europe 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-04-20 | Growth | $34M (~€28.7M) | IQ Capital | Plural, Fundomo, Thomas Wolf, Matt Clifford, Markus Villig 145 |
| 2025-05-21 | Growth | £10M | Plural | 20VC, NFDG, Patrick Collison, John Collison 23 |
What Investors Say
No independently sourced investor quotes found.
What Founders Say
No independently sourced founder quotes found.
Sources
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EU-Startups, “UK startup Rivan raises €28.7 million to scale domestic synthetic fuel production in Europe,” April 2026, accessed April 2026. https://www.eu-startups.com/2026/04/uk-startup-rivan-raises-e28-7-million-to-scale-domestic-synthetic-fuel-production-in-europe/↩↩↩
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Sifted, “Exclusive: Plural’s Taavet Hinrikus leads £10m round for synthetic fuel startup Rivan,” accessed April 2026. https://sifted.eu/articles/rivan-synthetic-fuel-stripe-20vc↩↩
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Rivan Industries, “Rivan raises £10 million led by Plural to build energy security for the UK and Europe,” May 2025, accessed April 2026. https://rivan.com/rivan-raises-10-million/↩↩↩
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Tech.eu, “Rivan raises $34M to build synthetic gas infrastructure for Europe,” April 20, 2026, accessed April 2026. https://tech.eu/2026/04/20/rivan-raises-34m-to-build-synthetic-gas-infrastructure-for-europe/↩
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Tech Funding News, “IQ Capital leads Rivan’s $34M raise to build Europe’s domestic synthetic gas supply,” April 2026, accessed April 2026. https://techfundingnews.com/rivan-34m-synthetic-gas-europe-energy-security/↩