Efenco: Funding, Investors & Team (Sep 2026)
Efenco is working on developing a disruptive technology called Cold-Plasma-Assisted Carbon Neutral Combustion (CPA PAC). This technology aims to greatly improve the efficiency and reduce greenhouse gas emissions in the burning of methane, hydrogen, and their mixtures for industrial heat production. Introducing HERC (High Energy Ray Ceramic), a groundbreaking innovation in fundamental physics and materials technology. HERC is a durable, reliable, and self-powered solution that facilitates PAC in the combustion and exhaust processes, increasing burning efficiency by 18% and decreasing GHG emissions by 20%. HERC is specifically designed to be installed in existing industrial boiler systems, providing higher financial returns and lower operating expenses. We focus on assisting companies in the high-temperature process heat (HTPH) industry with a power capacity exceeding 1MW in their journey towards achieving CO2 neutrality.
Efenco has raised $3.2M across 1 funding round on record, the most recent an undisclosed round of $3.2M announced in Nov 2023.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Efenco Company Profile and Key Stats
Latest funding round on record: Nov 2023.
Efenco Funding Rounds
Efenco Founders and Leadership Team
No contact details are on record for this team yet.
Efenco Funding Compared to Other Energy Startups
Efenco's latest round of $3.2M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Efenco Funding FAQs
What does Efenco do?
Efenco is working on developing a disruptive technology called Cold-Plasma-Assisted Carbon Neutral Combustion (CPA PAC). This technology aims to greatly improve the efficiency and reduce greenhouse gas emissions in the burning of methane, hydrogen, and their mixtures for industrial heat production. Introducing HERC (High Energy Ray Ceramic), a groundbreaking innovation in fundamental physics and materials technology. HERC is a durable, reliable, and self-powered solution that facilitates PAC in the combustion and exhaust processes, increasing burning efficiency by 18% and decreasing GHG emissions by 20%. HERC is specifically designed to be installed in existing industrial boiler systems, providing higher financial returns and lower operating expenses. We focus on assisting companies in the high-temperature process heat (HTPH) industry with a power capacity exceeding 1MW in their journey towards achieving CO2 neutrality.
How much funding has Efenco raised?
Efenco has raised $3.2M across 1 round on record. The most recent is an undisclosed round of $3.2M announced in Nov 2023.
When did Efenco last raise funding?
Efenco's most recent funding round on record is an undisclosed round of $3.2M, announced in Nov 2023.
Who is the CEO of Efenco?
Aleksander Vlasov is listed as CEO at Efenco.
Where is Efenco headquartered?
Efenco is based in Tallinn, Harjumaa, Estonia.
How many employees does Efenco have?
Efenco is in the 11-50 employee band.
How does Efenco's funding compare to other Energy startups?
Efenco's latest round of $3.2M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Efenco Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Efenco is left off this page rather than filled in.
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