When was Hycamite founded?

Hycamite was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Hycamite located?

Hycamite is headquartered in Kokkola, Finland.

Who is the current CEO of Hycamite?

Laura Rahikka of Hycamite. They have also founded 1 company.

How many employees does Hycamite have?

As of Mar 31, 2026, the latest employee count at Hycamite is 64.

Is Hycamite a funded company?

Hycamite is a funded company, having raised a total of $48.8M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 16, 2022.

When was the latest funding round of Hycamite?

Hycamite's latest funding was a $***** Series A round on Jul 31, 2025, with participation from 1 investor.

Where does Hycamite rank among its competitors?

Hycamite ranks 8th amongst 32 active competitors, of which 14 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Aurora Hydrogen, which secured $3M in Mar, 2026.

Who are the top competitors of Hycamite?

Hycamite's top competitors include Monolith, Modern Hydrogen and HiiROC. Among them, Aurora Hydrogen secured the most recent funding round in March, 2026.

Hycamite - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of low-carbon hydrogen and high-quality carbon products for industry. It offers methane-splitting technology for gradual decarbonization, benefiting industries like steel, chemicals, oil, gas, and cement. Carbon nanoproducts and graphite are available for battery production, electronics, and electrically conductive materials. The company builds modular decarbonization plants next to industrial sites, leveraging standardized technology and existing infrastructure.

Website: hycamite.com
Social
Email ID: *****@hycamite.com
Phone Number: +358 **********

Key Metrics

Founded Year

2020

Location

Kokkola, Finland

Stage

Series A

Total Funding

$48.8M in 4 rounds

Latest Funding Round

Series A, Jul 31, 2025, $*****

Investors

Sojitz & 8 more

Ranked

8^th among 32 active competitors

Employee Count

64 as on Mar 31, 2026

Similar Companies

Molten Industries & 11 more

View Hycamite's full profile

Hycamite has raised a total funding of $48.8M over 4 rounds. Its first funding round was on Feb 16, 2022. Its latest funding round was a Series A round on Jul 31, 2025 for $*****. 1 investor participated in its latest round. Hycamite has 9 institutional investors.

Here is the list of recent funding rounds of Hycamite:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 31, 2025	6140123	Series A	6324402	3443614	8654170	8561763
Jan 09, 2025	5766743	Series A	6124208	9260214	2140315	Sojitz & 5 more
Jul 18, 2023	5026997	Series A	3158085	3887664	Sojitz & 4 more	HAI Kapital

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View details of Hycamite's funding rounds and investors

The founders of Hycamite are Matti Malkamaki, Niina Gronqvist and Laura Rahikka. Laura Rahikka is the CEO of Hycamite.

Here are the details of Hycamite's key team members:

Matti Malkamaki: Co-Founder of Hycamite.
Contact Info: 1 email address
Niina Gronqvist: Co-Founder of Hycamite.
Contact Info: 1 email address
Laura Rahikka: Founder and CEO of Hycamite.

View details of Hycamite's Founder profiles and Board Members

Hycamite's employee count trend

Hycamite has 64 employees as of Mar 26. Here is Hycamite's employee count trend over the years:

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Top competitors of Hycamite include Monolith, Modern Hydrogen and HiiROC. Here is the list of Top 10 competitors of Hycamite, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	65/100
2nd	Modern Hydrogen 2015, Bothell (United States), Series B	Provider of hydrogen generation solutions	$72.8M	Metaplanet, NextEra Energy & 12 others	63/100
3rd	HiiROC 2019, Hessle (United Kingdom), Series A	Provider of solutions for hydrogen generation and storage	$63.2M	CEMEX Ventures, VNG & 22 others	62/100
4th	Molten Industries 2021, Oakland (United States), Series A	Innovating graphite and hydrogen production for batteries and heavy industry	$25M	Union Square Ventures, Fifty Years & 10 others	62/100
5th	Aurora Hydrogen 2021, Vancouver (Canada), Series A	Provider of high-efficiency clean hydrogen production technology. This technology utilizes existing energy infrastructure and proven components to produce low-carbon hydrogen fuel on-site at industrial scale. The process offers a lower cost alternative to electrolysis and steam reforming with carbon capture. It is designed to meet industrial demands in hard-to-decarbonize sectors such as steel manufacturing and long-distance transportation. The technology uses microwave energy to heat natural gas, resulting in significantly reduced electricity consumption compared to electrolysis. The company's approach mitigates risk by avoiding the need for precious metals, water, new pipelines, or extensive storage and transportation infrastructure.	$13M	Energy Innovation Capital, Oldendorff Overseas Investments GmbH & Co. KG ... & 6 others	55/100
6th	Pure Hydrogen 2007, Sydney (Australia), Public	Developer of batteries	$7.7M	-	54/100
7th	MASH MAKES 2015, Copenhagen (Denmark), Seed	Producer of green hydrogen and bio-oil	$1.88M	NORDEN, DFDS & 5 others	51/100
8th	Hycamite 2020, Kokkola (Finland), Series A	Provider of low-carbon hydrogen and high-quality carbon products for industry	$48.8M	CMA CGM, Turret.fi & 7 others	52/100
9th	Levidian 2012, Cambridge (United Kingdom), Series B	Provider of solutions for hydrogen generation	$13.5M	Baker Hughes & 2 others	51/100
10th	Element 1 2010, Bend (United States), Series A	Provider of solutions for hydrogen generation	$1.42M	Ardmore Shipping, ONAMI	47/100