FundedIQ
Energy

RIFT: Funding, Investors & Team (Sep 2026)

We are not just a company; we’re pioneers on a mission, fueled by the vision of a sustainable future through clean, renewable energy. Our commitment shines through every step as we challenge traditional fossil fuel practices, actively forging a cleaner alternative. Our mission is simple yet impactful: decarbonize industrial heat, reducing 1 Gigaton of CO₂ annually from 2050 onwards, developing and deploying Iron Fuel Technology. Join us in this exciting journey towards a cleaner, greener tomorrow!

www.ironfueltechnology.com LinkedIn Eindhoven, Netherlands 11-50 employees
Clean Energy Renewable Energy
Total raised
$109M
Rounds
2
Latest
Series B
Mar 2026

RIFT has raised $109M across 2 funding rounds on record, the most recent a Series B of $97.2M announced in Mar 2026.

That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.

RIFT Company Profile and Key Stats

Total funding raised
$109M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Series B
$97.2M in Mar 2026
Employees
11-50
reported band
Headquarters
Eindhoven, Netherlands

Latest funding round on record: Mar 2026.

RIFT Funding Rounds

Date
Round
Amount
Series B
$97.2M
Series A
$11.9M

RIFT raised $11.9M in a Series A announced in Oct 2024.

1.4 years later, a Series B of $97.2M was announced in Mar 2026.

RIFT Founders and Leadership Team

Name
Role
Contact
Cagatay Koksal
Founder
Samee Siddiqui
Founder
Locked

Contact details for the RIFT team: 1 has a LinkedIn profile.

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RIFT Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
740
$5.0M
4,289
$30M

RIFT's latest round of $97.2M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.

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RIFT Funding FAQs

What does RIFT do?

We are not just a company; we’re pioneers on a mission, fueled by the vision of a sustainable future through clean, renewable energy. Our commitment shines through every step as we challenge traditional fossil fuel practices, actively forging a cleaner alternative. Our mission is simple yet impactful: decarbonize industrial heat, reducing 1 Gigaton of CO₂ annually from 2050 onwards, developing and deploying Iron Fuel Technology. Join us in this exciting journey towards a cleaner, greener tomorrow!

How much funding has RIFT raised?

RIFT has raised $109M across 2 rounds on record. The most recent is a Series B of $97.2M announced in Mar 2026.

When did RIFT last raise funding?

RIFT's most recent funding round on record is a Series B of $97.2M, announced in Mar 2026.

Who founded RIFT?

FundedIQ lists Cagatay Koksal (Founder), Samee Siddiqui (Founder) at RIFT.

Where is RIFT headquartered?

RIFT is based in Eindhoven, Noord-Brabant, Netherlands.

How many employees does RIFT have?

RIFT is in the 11-50 employee band.

How does RIFT's funding compare to other Energy startups?

RIFT's latest round of $97.2M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.

About FundedIQ's RIFT 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 RIFT is left off this page rather than filled in.

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