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Fossil Fuels Startups

Updated July 2026

Companies in the fossil fuels sector developing innovative solutions and technologies.

Explore 17 recently funded fossil fuels companies with verified founder contact information and fundraising data.

Total Companies
17
Total Funding
$1.0B
Avg Funding
$59.4M
Global Reach
7
countries

Top Cities for Fossil Fuels

Toronto
Medford
New York
Charlevoix
Oslo
Calgary

Recently Funded Companies

Export
Toronto, Canada

Radio Fuels Energy is a mining and exploration company that offers uranium extraction services.

$1.1M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

Medford, United States

Electrified Thermal Solutions replace fossil fuels with renewable heat in every furnace, turbine, boiler and kiln to decarbonize industry.

Sep 2025

Founder Contacts

30,000+ verified contacts

New York, United States

Citron Energy converts non-recyclable and non-organic waste into a usable energy source reducing the use of fossil fuels.

$600K raised
Sep 2023

Founder Contacts

30,000+ verified contacts

Charlevoix, United States

GasTechno Energy and Fuels is a CleanTech Emissions Reduction company that converts stranded gas into valuable chemicals and fuels.

$20.0M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Oslo, Norway

BW Energy is a growth-focused oil and gas company involved in the acquisition, development and production of oil and natural gas fields.

$250.0M raised
Aug 2025

Founder Contacts

30,000+ verified contacts

Calgary, Canada

Touchstone Exploration is an upstream oil and gas company focused on exploration and development of its oil and gas properties.

$10.9M raised
Jun 2026

Founder Contacts

30,000+ verified contacts

St. Helier, Jersey

Predator Oil & Gas is a responsible fossil fuel company focussing on gas.

$4.0M raised
May 2026

Founder Contacts

30,000+ verified contacts

Alden, United States

Summit Carbon Solutions a new business platform that will address the global challenge of decarbonization

$300.0M raised
May 2022

Founder Contacts

30,000+ verified contacts

Dallas, United States

Vaquero Midstream offers oil and gas producers a full suite of midstream solutions including gathering, treating and compression.

$400.0M raised
Apr 2025

Founder Contacts

30,000+ verified contacts

Toronto, Canada

Hydrostor develops and operates long-duration energy storage systems to replace the use of fossil fuels.

Feb 2026

Founder Contacts

30,000+ verified contacts

Barrow In Furness, United Kingdom

JJC Hire provide waste management services for a wide range of clients.

$1.0M raised
Feb 2024

Founder Contacts

30,000+ verified contacts

Manchester, United States

Dig Energy produces purpose-built drilling technology to create highly efficient geothermal heating and cooling systems.

$5.0M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Hamburg, Germany

The operating system for the oil & gas sector to effortlessly find, fix, and report methane emissions

$5.5M raised
Jun 2024

Founder Contacts

30,000+ verified contacts

Sumida, Japan

Fermenstation is a consulting firm that unites biomass and creative businesses.

$1.6M raised
Jan 2024

Founder Contacts

30,000+ verified contacts

Austin, United States

Trading and supply of petroleum products worldwide.

$10.0M raised
Jul 2023

Founder Contacts

30,000+ verified contacts

Wellsboro, United States

Woodland Biomass Innovations is a sustainable fuel company that converts dirty wood chips into gasoline for car fuel.

$268K raised
Jan 2025

Founder Contacts

30,000+ verified contacts

Manchester, United Kingdom

BindEthics offers a sustainable, non-toxic glue not created from fossil fuels.

$525K raised
Nov 2024

Founder Contacts

30,000+ verified contacts

About the Fossil Fuels Startup Ecosystem

The fossil fuels sector is an active area of startup innovation and venture capital investment. Companies in this space are developing new technologies, platforms, and services that address evolving market needs and create new business opportunities.

Funding Trends in Fossil Fuels

Fossil Fuels companies raise capital across various funding stages, from early seed rounds to late-stage growth financing. Investor interest in this sector is driven by the size of the addressable market, the pace of technology adoption, and the potential for scalable business models.

Growth Outlook

The fossil fuels sector is expected to continue evolving as technology advances, market dynamics shift, and new opportunities emerge. Companies that demonstrate strong product-market fit, efficient growth, and clear competitive advantages are well-positioned to attract continued investment.

Fossil Fuels Funding Breakdown

Here is how funding is distributed among the 17 fossil fuels companies tracked in the VCBacked database.

Average Funding
$59.4M
Total Funding Tracked
$1.0B
Countries Represented
7

Distribution by Funding Stage

Other17 companies

Top Cities for Fossil Fuels

1.Toronto
2 companies$1.1M
2.Manchester
2 companies$5.5M
3.Medford
1 companiesUndisclosed
4.New York
1 companies$600K
5.Charlevoix
1 companies$20.0M

Related Industries

Companies in the fossil fuels sector often overlap with or complement businesses in adjacent industries. Exploring related verticals can help you discover additional companies, identify partnership opportunities, and understand the broader competitive landscape.

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