# Top 45 Biofuel Startups Worldwide by Funding (2026)

> The 45 best-funded biofuel startups worldwide, ranked by total funding raised: $1.9B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/biofuel-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Enerkem** Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products.](https://millionrounds.com/company/enerkem) Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products. *Founded* 2000 Montreal, Canada **$396M** last round Sept 2015
- 2 [**Beta Renewables** Beta Renewables is a biofuels and biochemical company.](https://millionrounds.com/company/beta-renewables) Beta Renewables is a biofuels and biochemical company. *Founded* 2011 Tortona, Italy **$344M** last round Oct 2011
- 3 [**Neogenyx Fuels** Neogenyx Fuels develops, owns, and operates advanced biofuel and renewable natural gas infrastructure projects.](https://millionrounds.com/company/neogenyx-fuels) Neogenyx Fuels develops, owns, and operates advanced biofuel and renewable natural gas infrastructure projects. *Founded* - Framingham, United States **$300M** last round May 2026
- 4 [**SGP BioEnergy** SGP BioEnergy is a bioenergy development company that produces integrated bioenergy products and renewable biofuel for a sustainable future.](https://millionrounds.com/company/sgp-bioenergy) SGP BioEnergy is a bioenergy development company that produces integrated bioenergy products and renewable biofuel for a sustainable future. *Founded* - New York, United States **$250M** last round Oct 2023
- 5 [**Solazyme** Solazyme is a synthetic biology company converting algal biomass into biofuels for the transportation, cosmetic and food industries.](https://millionrounds.com/company/solazyme) Solazyme is a synthetic biology company converting algal biomass into biofuels for the transportation, cosmetic and food industries. *Founded* 2003 South San Francisco, United States **$146M** last round Aug 2010
- 6 [**Fulcrum Bioenergy** Fulcrum Bioenergy converts household garbage into low-carbon transportation fuels, including jet fuel, diesel, and ethanol.](https://millionrounds.com/company/fulcrum-bioenergy) Fulcrum Bioenergy converts household garbage into low-carbon transportation fuels, including jet fuel, diesel, and ethanol. *Founded* 2007 United States **$119M** last round Jul 2015
- 7 [**Solix Biofuels** Solix BioSystems provides integrated solutions and services that enable large scale cultivation of algae.](https://millionrounds.com/company/solix-biofuels) Solix BioSystems provides integrated solutions and services that enable large scale cultivation of algae. *Founded* 2006 United States **$69M** last round Aug 2012
- 8 [**Cobalt Technologies** Cobalt Technologies develops technologies that focuses and designed for biofuels.](https://millionrounds.com/company/cobalt-technologies) Cobalt Technologies develops technologies that focuses and designed for biofuels. *Founded* 2005 United States **$56M** last round Oct 2012
- 9 [**XFuel** XFuel produces sustainable and net-zero road, marine and aviation drop-in fuels](https://millionrounds.com/company/xfuel) XFuel produces sustainable and net-zero road, marine and aviation drop-in fuels *Founded* - Dublin, Spain **$41M** last round May 2026
- 10 [**Allylix** Allylix develops terpene products for flavor and fragrance, food ingredients, pharmaceuticals, agricultural and biofuels markets.](https://millionrounds.com/company/allylix) Allylix develops terpene products for flavor and fragrance, food ingredients, pharmaceuticals, agricultural and biofuels markets. *Founded* 2002 Lexington, United States **$31M** last round Mar 2012
- 11 [**Tagaddod** Tagaddod is a Cairo-based cleantech company founded in 2013, specializing in the collection and aggregation of renewable waste-based feedstocks, primarily used](https://millionrounds.com/company/tagaddod) Tagaddod is a Cairo-based cleantech company founded in 2013, specializing in the collection and aggregation of renewable waste-based feedstocks, primarily used *Founded* 2013 Cairo, Egypt **$26M** last round Oct 2025
- 12 [**Sundrop Fuels** Sundrop Fuels, Inc.](https://millionrounds.com/company/sundrop-fuels) Sundrop Fuels, Inc. *Founded* 2005 Longmont, United States **$21M** last round Feb 2008
- 13 [**BioGasol** BioGasol ApS is a Danish biotechnology and engineering company founded in 2006, originating from the Technical University of Denmark.](https://millionrounds.com/company/biogasol) BioGasol ApS is a Danish biotechnology and engineering company founded in 2006, originating from the Technical University of Denmark. *Founded* 2006 Ballerup, Denmark **$19M** last round Nov 2012
- 14 [**Performance Plants** Performance Plants Inc.](https://millionrounds.com/company/performance-plants) Performance Plants Inc. *Founded* 1995 Kingston, Canada **$13M** last round Jul 2008
- 15 [**Lignol** Lignol is a green development technology company engaged in the production of advanced biofuels.](https://millionrounds.com/company/lignol) Lignol is a green development technology company engaged in the production of advanced biofuels. *Founded* 2005 Canada **$13M** last round Aug 2013
- 16 [**xF Technologies Inc.** xF Technologies Inc., an Albuquerque, NM based company, has developed a patented technology to produce low cost advanced biofuels that can be blended into diese](https://millionrounds.com/company/xf-technologies-inc) xF Technologies Inc., an Albuquerque, NM based company, has developed a patented technology to produce low cost advanced biofuels that can be blended into diese *Founded* 2007 Albuquerque, United States **$13M** last round Jun 2015
- 17 [**TeraPore Technologies** TeraPore Technologies is a Cornell University spinout that develops and manufactures high performance filters for protein separations.](https://millionrounds.com/company/terapore-technologies) TeraPore Technologies is a Cornell University spinout that develops and manufactures high performance filters for protein separations. *Founded* 2013 South San Francisco, United States **$10M** last round Mar 2023
- 18 [**Genera Energy** Genera Energy provides integrated biomass supply solutions for the advanced biofuels, biopower, and bio-based products industries.](https://millionrounds.com/company/genera-energy) Genera Energy provides integrated biomass supply solutions for the advanced biofuels, biopower, and bio-based products industries. *Founded* 2008 Vonore, United States **$9.0M** last round Dec 2014
- 19 [**Advanced BioEnergy** Advanced BioEnergy is a liability company formed to develop, construct, own, and operate ethanol plants and other biofuels businesses.](https://millionrounds.com/company/advanced-bioenergy) Advanced BioEnergy is a liability company formed to develop, construct, own, and operate ethanol plants and other biofuels businesses. *Founded* 2005 United States **$7.7M** last round Dec 2009
- 20 [**Terragia Biofuel** Terragia Biofuel provides the technology to drive the next generation of biofuels.](https://millionrounds.com/company/terragia-biofuel) Terragia Biofuel provides the technology to drive the next generation of biofuels. *Founded* 2022 Hanover, United States **$6.0M** last round Mar 2024
- 21 [**Novogy** Novogy develops and produces cellulosic biofuels made from waste paper sludge to be used in transportation.](https://millionrounds.com/company/novogy) Novogy develops and produces cellulosic biofuels made from waste paper sludge to be used in transportation. *Founded* 2009 Cambridge, United States **$5.5M** last round Jan 2012
- 22 [**BiofuelCircle** BiofuelCircle Private Limited is a Pune-based startup founded in June 2020, focusing on the bioenergy supply chain, particularly biomass and biofuels.](https://millionrounds.com/company/biofuelcircle) BiofuelCircle Private Limited is a Pune-based startup founded in June 2020, focusing on the bioenergy supply chain, particularly biomass and biofuels. *Founded* 2020 Pune, India **$5.4M** last round Aug 2024
- 23 [**BioFuelNet Canada** BioFuelNet Canada mobilizes the Canadian biofuels research, industrial, governmental and investment communities.](https://millionrounds.com/company/biofuelnet-canada) BioFuelNet Canada mobilizes the Canadian biofuels research, industrial, governmental and investment communities. *Founded* 2012 Montreal, Canada **$5.3M** last round Aug 2023
- 24 [**Crimson Renewable** Crimson Renewable Energy is a producer of carbon biodiesel and is contributing to the future of advanced biofuels and transportation fuels](https://millionrounds.com/company/crimson-renewable) Crimson Renewable Energy is a producer of carbon biodiesel and is contributing to the future of advanced biofuels and transportation fuels *Founded* 2006 United States **$5.0M** last round Feb 2014
- 25 [**Community Fuels** Community Fuels is an advanced producer of biomass-based diesel fuels.](https://millionrounds.com/company/community-fuels) Community Fuels is an advanced producer of biomass-based diesel fuels. *Founded* 2005 United States **$4.9M** last round Dec 2013
- 26 [**HutanBio** HutanBio is a biotechnology company based in Cambridge, UK, focused on developing carbon-negative algal biofuel known as HBx.](https://millionrounds.com/company/hutanbio) HutanBio is a biotechnology company based in Cambridge, UK, focused on developing carbon-negative algal biofuel known as HBx. *Founded* 2019 Milton, United Kingdom **$4.8M** last round Jun 2024
- 27 [**Alga Energy** Alga Energy is developing a photobioreactor plant for the production of biofuels and omega-3 rich oils to generate clean energy.](https://millionrounds.com/company/alga-energy) Alga Energy is developing a photobioreactor plant for the production of biofuels and omega-3 rich oils to generate clean energy. *Founded* 2007 Alcobendas, Spain **$3.9M** last round Oct 2012
- 28 [**Alder Fuels** Alder Fuels is a process technology and project development company in the advanced, low-carbon transportation fuels industry](https://millionrounds.com/company/alder-fuels) Alder Fuels is a process technology and project development company in the advanced, low-carbon transportation fuels industry *Founded* 2021 Louisville, United States **$2.0M** last round Jan 2023
- 29 [**Blue Biofuels** Blue Biofuels is a technology company that specializes in renewable energy, biofuels, and new technologies sectors](https://millionrounds.com/company/blue-biofuels) Blue Biofuels is a technology company that specializes in renewable energy, biofuels, and new technologies sectors *Founded* - Palm Beach Gardens, United States **$1.9M** last round Jun 2026
- 30 [**Fermenstation** Fermenstation is a consulting firm that unites biomass and creative businesses.](https://millionrounds.com/company/fermenstation) Fermenstation is a consulting firm that unites biomass and creative businesses. *Founded* 2009 Sumida, Japan **$1.6M** last round Jan 2024
- 31 [**BioMax** BIOMAX is specialized in the development and production of biomaterials from biofertilzers to biofuels from different agricultural waste.](https://millionrounds.com/company/biomax) BIOMAX is specialized in the development and production of biomaterials from biofertilzers to biofuels from different agricultural waste. *Founded* 2017 Singapore **$1.6M** last round Feb 2013
- 32 [**Phycobloom** Phycobloom is a London-based biotechnology startup founded in 2019.](https://millionrounds.com/company/phycobloom) Phycobloom is a London-based biotechnology startup founded in 2019. *Founded* 2019 London, United Kingdom **$1.4M** last round Jun 2023
- 33 [**SixRing** SixRing created a collection of patented chemical formulas, and low-energy processes for delignifying biomass to produce biofuels.](https://millionrounds.com/company/sixring) SixRing created a collection of patented chemical formulas, and low-energy processes for delignifying biomass to produce biofuels. *Founded* 2020 Calgary, Canada **$1.4M** last round Sept 2022
- 34 [**Amphora** Founded in 1997, Amphora is a proven Commodity Trading Risk Management provider for crude oil, refined products, biofuels, coal, ore, LNG, refined metals, conce](https://millionrounds.com/company/amphora) Founded in 1997, Amphora is a proven Commodity Trading Risk Management provider for crude oil, refined products, biofuels, coal, ore, LNG, refined metals, conce *Founded* 1997 London, Spain **$1.1M** last round Nov 2021
- 35 [**Hathaway Renewable Energy** Hathaway Renewable Energy (HRE) is undertaking a project that has a cellulosic bio diesel refinery and clean electricity plant.](https://millionrounds.com/company/hathaway-renewable-energy) Hathaway Renewable Energy (HRE) is undertaking a project that has a cellulosic bio diesel refinery and clean electricity plant. *Founded* 2006 United States **$1.0M** last round Dec 2013
- 36 [**Pipeline Organics** Pipeline Organics is a cleantech startup based in Nottingham, UK, founded in 2021.](https://millionrounds.com/company/pipeline-organics) Pipeline Organics is a cleantech startup based in Nottingham, UK, founded in 2021. *Founded* 2021 Nottingham, United Kingdom **$1.0M** last round Aug 2024
- 37 [**WaveArray** WaveArray develops an electronic technology platform to eliminate biofouling.](https://millionrounds.com/company/wavearray) WaveArray develops an electronic technology platform to eliminate biofouling. *Founded* 2017 Naples, United States **$999K** last round Apr 2023
- 38 [**Green Energy Biofuels** Green Energy Biofuels is a renewable energy company focused on manufacturing and distributing biofuel products and services.](https://millionrounds.com/company/green-energy-biofuels) Green Energy Biofuels is a renewable energy company focused on manufacturing and distributing biofuel products and services. *Founded* 2013 Lagos, Nigeria **$800K** last round Apr 2016
- 39 [**BioMimetx** BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling.](https://millionrounds.com/company/biomimetx) BioMimetx is a biotech startup focused on the development of green antifouling solutions to prevent marine biofouling. *Founded* 2013 Lisbon, Portugal **$776K** last round Dec 2022
- 40 [**Xylogenics** Redefining fermentation through synthetic biology](https://millionrounds.com/company/xylogenics) Redefining fermentation through synthetic biology *Founded* 2008 Pittsboro, United States **$525K** last round Dec 2010
- 41 [**Nina Energy** Nina Energy Limited is a clean-tech company based in Quito, Ecuador, founded in 2021.](https://millionrounds.com/company/nina-energy) Nina Energy Limited is a clean-tech company based in Quito, Ecuador, founded in 2021. *Founded* 2025 Quito, Ecuador **$268K** last round Oct 2025
- 42 [**Caribou Biofuels** Caribou Biofuels manufactures biofuels for the conversion of biomass into fuels.](https://millionrounds.com/company/caribou-biofuels) Caribou Biofuels manufactures biofuels for the conversion of biomass into fuels. *Founded* 2017 Modesto **$256K** last round Apr 2021
- 43 [**Spero Energy** Spero Energy, Inc.](https://millionrounds.com/company/spero-energy) Spero Energy, Inc. *Founded* 2009 United States **$150K** last round Jul 2014
- 44 [**NEXT Renewable Fuels** NEXT Renewable Fuels is an oil and energy company that produces advanced biofuel to offer an alternative for petroleum-based diesel.](https://millionrounds.com/company/next-renewable-fuels) NEXT Renewable Fuels is an oil and energy company that produces advanced biofuel to offer an alternative for petroleum-based diesel. *Founded* 2016 Clatskanie, United States **$150K** last round Dec 2025
- 45 [**Algbio** Algbio treats wastewater and captures CO2 with microalgae to produce biofuels, bioplastics, biomaterials and generate carbon credits.](https://millionrounds.com/company/algbio) Algbio treats wastewater and captures CO2 with microalgae to produce biofuels, bioplastics, biomaterials and generate carbon credits. *Founded* 2021 Sariyer, Türkiye **$120K** last round Nov 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More lists worldwide

[See all](https://millionrounds.com/top-lists?r=Global)

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