Next Hydrogen: Funding, Investors & Team (Sep 2026)
Next Hydrogen creates specialized hydrogen electrolyzers that produce clean hydrogen using water and electricity. Their technology enables efficient conversion of renewable electricity into green hydrogen on a large scale, aiming to decrease costs and promote the use of hydrogen to reduce carbon emissions globally.
Next Hydrogen has raised $31.3M across 6 funding rounds on record, the most recent an undisclosed round of $15.0M announced in Dec 2025.
That round is in line with the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Next Hydrogen Company Profile and Key Stats
Latest funding round on record: Dec 2025.
Next Hydrogen Funding Rounds
Next Hydrogen raised $5.1M in an undisclosed round announced in Dec 2022.
2 months later, an undisclosed round of $5.0M was announced in Feb 2023.
1.8 years later, an undisclosed round of $2.2M was announced in Nov 2024.
5 months later, an undisclosed round of $3.6M was announced in Apr 2025.
3 months later, an undisclosed round of $390k was announced in Jul 2025.
5 months later, an undisclosed round of $15.0M was announced in Dec 2025.
Next Hydrogen Founders and Leadership Team
Contact details for the Next Hydrogen team: 2 of 3 have an email address on file.
Start 14-day free trial →Next Hydrogen Funding Compared to Other Energy Startups
Next Hydrogen's latest round of $15.0M is in line with the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Next Hydrogen Funding FAQs
What does Next Hydrogen do?
Next Hydrogen creates specialized hydrogen electrolyzers that produce clean hydrogen using water and electricity. Their technology enables efficient conversion of renewable electricity into green hydrogen on a large scale, aiming to decrease costs and promote the use of hydrogen to reduce carbon emissions globally.
How much funding has Next Hydrogen raised?
Next Hydrogen has raised $31.3M across 6 rounds on record. The most recent is an undisclosed round of $15.0M announced in Dec 2025.
When did Next Hydrogen last raise funding?
Next Hydrogen's most recent funding round on record is an undisclosed round of $15.0M, announced in Dec 2025.
Who founded Next Hydrogen?
FundedIQ lists Jim Hinatsu (Founder), Michael Stemp (Founder) at Next Hydrogen.
Who is the CEO of Next Hydrogen?
Raveel Afzaal is listed as CEO at Next Hydrogen.
Where is Next Hydrogen headquartered?
Next Hydrogen is based in Mississauga, Ontario, Canada.
How many employees does Next Hydrogen have?
Next Hydrogen is in the 51-100 employee band.
How does Next Hydrogen's funding compare to other Energy startups?
Next Hydrogen's latest round of $15.0M is in line with the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Next Hydrogen 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 Next Hydrogen is left off this page rather than filled in.
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