---
title: "FluoRok Raises $30M Series A Funding to Cut Hydrofluoric Acid From Chemicals"
url: "https://bizztor.com/news/fluorok-raises-30m-series-a-funding/"
author: "Bizztor"
author_url: "https://bizztor.com/author/bizztor/"
date_published: "2026-11-05T09:00:00.000Z"
date_modified: "2026-11-14T10:33:24.321Z"
category: "News"
description: "Orano Venture Fund and Supernova Invest co-led the oversubscribed round for the Oxford spinout, which makes battery and drug chemicals without HF."
publisher: "Bizztor"
---

# FluoRok Raises $30M Series A Funding to Cut Hydrofluoric Acid From Chemicals

> Orano Venture Fund and Supernova Invest co-led the oversubscribed round for the Oxford spinout, which makes battery and drug chemicals without HF.

**FluoRok, an Oxford University spinout that makes fluorochemicals without hydrogen fluoride, has raised $30M (£22.8M) in an oversubscribed Series A co-led by Orano Venture Fund and Supernova Invest.**

[FluoRok announced the round](https://www.fluorok.com/news/fluorok-raises-30m-series-a) on 5 November. Bidra Innovation Ventures joined as a new investor, alongside EverQuest Capital Partners, CPI Enterprises and WS Investment.

Existing backers Oxford Science Enterprises, BGF, Green Generation Fund, Volta Energy Technologies and the University of Oxford also returned. The round beat its original target.

## What does FluoRok do?

Fluorochemicals sit inside lithium-ion batteries, medicines and crop protection products. Almost all of them are made today using hydrogen fluoride (HF), a highly toxic and corrosive gas or acid.

[FluoRok](https://www.fluorok.com/) skips that step. Its patented process uses mechanical activation and base chemistry to release fluorine from fluoride sources, instead of high heat and acid.

The company says this is safer, cheaper and needs less capital. It can also use lower-grade mined material and fluorine-rich industrial waste as feedstock.

Its first target markets are inorganic fluorides, battery materials such as electrolyte salts, and recycling waste fluorinated plastics.

## Who founded FluoRok?

The company was founded in 2022 by Véronique Gouverneur, a professor of chemistry at Oxford, and Dr Gabriele Pupo, who is chief executive.

Pupo said the team was pleased to welcome new investors as it works to change how the world makes fluorochemicals, with safer chemistry and better economics.

## How much has FluoRok raised in total?

Before this round, FluoRok raised about $14M in equity. Oxford Science Enterprises put in £3M at launch in July 2023, and BGF and Green Generation Fund led a £7.7M round in September 2024.

It has also won more than $13M in UK and European public funding. That includes a €2.5M EIC Accelerator award in July 2026 and two DRIVE35 grants for HF-free battery electrolyte salts. Total equity now stands at around $44M.

## Why are battery and nuclear investors backing it?

Orano is the French nuclear fuel group, and fluorine chemistry is central to uranium processing. Florian de Beauchaine, investment manager at Orano Venture Fund and Supernova Invest, said they back technologies that support a sovereign, sustainable industrial transition.

The battery angle is about supply chains. Most battery electrolyte salt production is concentrated in China, and Europe wants local sources that do not depend on handling large volumes of HF.

## What will the Series A pay for?

The money takes FluoRok from pilot work to industrial scale. It plans to prove its process at commercial volumes and then widen the range of fluorochemicals it can make.

## What this means for UK founders

FluoRok is a clear case of an [Oxford startup](https://bizztor.com/uk-funding-data/oxford/) turning academic chemistry into a supply chain story. Grants did much of the early lifting, with equity following once the process worked.

Founders weighing the same route can read Bizztor's guide to [university spin-outs in the UK](https://bizztor.com/guides/university-spin-outs-in-the-uk-a-founders-guide-to-equity-funding-and-leaving-the-lab/), which covers equity splits and leaving the lab.

It also adds to [UK cleantech startup funding](https://bizztor.com/uk-funding-data/cleantech/) at a time when battery materials are a priority for both UK and EU industrial policy.

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Source: https://bizztor.com/news/fluorok-raises-30m-series-a-funding/