Ren-Gas valuation, funding and investors
Ren-Gas works in renewable energy project development, based in Espoo, Finland. Founded in 2021, it has about 32 employees.
- Last round
- Growth · $18.8M · Dec 2025
- Valuation at last round
- $192M · implied
- Headcount
- 32 · flat
- Grade
- B
- Founded
- 2021
Ren-Gas valuation today
VCMC values Ren-Gas at $210M today, with a range of $128M to $325M and a grade of B. The valuation starts from its last funding round, a growth round in Dec 2025.
Valuation by date (72 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $11.4M | $4.14M – $31.2M | $12.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $11.5M | $4.18M – $31.5M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $11.6M | $4.21M – $31.8M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $11.7M | $4.25M – $32.1M | $12.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $11.8M | $4.29M – $32.4M | $13.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $11.9M | $4.33M – $32.7M | $13.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $12.0M | $4.37M – $33.0M | $13.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $12.1M | $4.41M – $33.3M | $13.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $12.2M | $4.45M – $33.6M | $13.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $12.3M | $4.49M – $33.9M | $13.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $12.4M | $4.53M – $34.2M | $13.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $12.5M | $4.57M – $34.5M | $13.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $12.7M | $4.61M – $34.8M | $13.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $12.8M | $4.65M – $35.1M | $13.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $10.7M | $3.88M – $29.3M | $11.6M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Apr 2022 | $10.7M | $3.91M – $29.5M | $11.7M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 May 2022 | $10.8M | $3.94M – $29.7M | $11.8M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Jun 2022 | $10.9M | $3.97M – $29.9M | $11.9M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Jul 2022 | $11.0M | $3.99M – $30.1M | $12.0M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Aug 2022 | $11.1M | $4.02M – $30.4M | $12.1M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Sep 2022 | $11.1M | $4.05M – $30.6M | $12.2M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Oct 2022 | $11.2M | $4.08M – $30.8M | $12.3M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Nov 2022 | $11.3M | $4.11M – $31.0M | $12.3M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Dec 2022 | $11.4M | $4.14M – $31.3M | $12.4M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Jan 2023 | $11.5M | $4.18M – $31.5M | $12.5M (+9%) | before first round | 5 | unknown | D | 0% |
| 1 Feb 2023 | $18.1M | $7.77M – $36.0M | $19.8M (+9%) | before first round | 11 | growing | C | 0% |
| 1 Mar 2023 | $18.3M | $7.82M – $36.3M | $20.0M (+9%) | before first round | 11 | growing | C | 0% |
| 1 Apr 2023 | $18.4M | $7.88M – $36.6M | $20.1M (+9%) | before first round | 11 | growing | C | 0% |
| 1 May 2023 | $18.5M | $7.94M – $36.8M | $20.3M (+9%) | before first round | 11 | growing | C | 0% |
| 1 Jun 2023 | $18.7M | $8.00M – $37.1M | $20.4M (+9%) | before first round | 11 | growing | C | 0% |
| 1 Jul 2023 | $18.8M | $8.06M – $37.4M | $20.6M (+9%) | before first round | 11 | growing | C | 0% |
| 1 Aug 2023 | $19.0M | $8.12M – $37.7M | $20.6M (+8%) | before first round | 11 | growing | C | 0% |
| 1 Sep 2023 | $13.8M | $5.03M – $37.9M | $14.9M (+8%) | before first round | 11 | unknown | D | 0% |
| 1 Oct 2023 | $13.9M | $5.06M – $38.2M | $14.9M (+7%) | before first round | 11 | unknown | D | 0% |
| 1 Nov 2023 | $21.2M | $9.06M – $42.0M | $22.5M (+6%) | before first round | 19 | growing | C | 0% |
| 1 Dec 2023 | $21.3M | $9.13M – $42.3M | $22.5M (+5%) | before first round | 19 | growing | C | 0% |
| 1 Jan 2024 | $21.5M | $9.20M – $42.7M | $22.5M (+5%) | before first round | 19 | growing | C | 0% |
| 1 Feb 2024 | $21.6M | $9.27M – $43.0M | $22.5M (+4%) | before first round | 19 | growing | C | 0% |
| 1 Mar 2024 | $21.8M | $9.33M – $43.3M | $22.5M (+3%) | before first round | 19 | growing | C | 0% |
| 1 Apr 2024 | $22.8M | $9.76M – $45.3M | $23.3M (+2%) | before first round | 24 | growing | C | 0% |
| 1 May 2024 | $23.0M | $9.83M – $45.6M | $23.3M (+1%) | before first round | 24 | growing | C | 0% |
| 1 Jun 2024 | $23.1M | $9.91M – $46.0M | $23.3M (+1%) | before first round | 24 | growing | C | 0% |
| 1 Jul 2024 | $23.3M | $9.98M – $46.3M | $23.3M (0%) | before first round | 24 | growing | C | 0% |
| 1 Aug 2024 | $20.6M | $6.79M – $46.3M | $20.6M (0%) | before first round | 24 | up | C | 0% |
| 1 Sep 2024 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Oct 2024 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Nov 2024 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Dec 2024 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Jan 2025 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Feb 2025 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Mar 2025 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 Apr 2025 | $23.8M | $10.2M – $47.2M | $23.8M (0%) | before first round | 27 | growing | C | 0% |
| 1 May 2025 | $21.0M | $6.92M – $47.2M | $21.0M (0%) | before first round | 27 | up | C | 0% |
| 1 Jun 2025 | $21.0M | $6.92M – $47.2M | $21.0M (0%) | before first round | 27 | up | C | 0% |
| 1 Jul 2025 | $21.0M | $6.92M – $47.2M | $21.0M (0%) | before first round | 27 | up | C | 0% |
| 1 Aug 2025 | $21.0M | $6.92M – $47.2M | $21.0M (0%) | before first round | 27 | up | C | 0% |
| 1 Sep 2025 | $21.4M | $7.04M – $48.0M | $21.4M (0%) | before first round | 30 | up | C | 0% |
| 1 Oct 2025 | $21.4M | $7.04M – $48.0M | $21.4M (0%) | before first round | 30 | up | C | 0% |
| 1 Nov 2025 | $21.4M | $7.04M – $48.0M | $21.4M (0%) | before first round | 30 | up | C | 0% |
| 1 Dec 2025 | $17.2M | $6.25M – $47.2M | $17.2M (0%) | before first round | 27 | flat | D | 0% |
| 18 Dec 2025 | $192M | $126M – $321M | $211M (+10%) | after a round | 27 | flat | B | 0% |
| 1 Jan 2026 | $192M | $126M – $321M | $211M (+10%) | after a round | 27 | flat | B | 0% |
| 1 Feb 2026 | $194M | $126M – $321M | $211M (+9%) | after a round | 30 | up | B | 0% |
| 1 Mar 2026 | $195M | $126M – $321M | $211M (+8%) | after a round | 30 | up | B | 0% |
| 1 Apr 2026 | $197M | $126M – $321M | $211M (+7%) | after a round | 30 | up | B | 0% |
| 1 May 2026 | $199M | $126M – $321M | $211M (+6%) | after a round | 30 | up | B | 0% |
| 1 Jun 2026 | $201M | $127M – $323M | $212M (+6%) | after a round | 31 | flat | B | 0% |
| 1 Jul 2026 | $202M | $127M – $323M | $212M (+5%) | after a round | 31 | flat | B | 0% |
| 1 Aug 2026 | $204M | $127M – $323M | $212M (+4%) | after a round | 31 | flat | B | 0% |
| 1 Sep 2026 | $206M | $127M – $323M | $212M (+3%) | after a round | 31 | flat | B | 0% |
| 1 Oct 2026 | $209M | $128M – $325M | $214M (+2%) | after a round | 32 | flat | B | 0% |
| 24 Oct 2026 | $210M | $128M – $325M | $214M (+2%) | after a round | 32 | flat | B | 0% |
Key facts about Ren-Gas
- Founded
- 2021
- Headquarters
- Espoo, Finland
- Employees
- about 32 +7% in a year
- Total raised
- $809M
- Funding rounds
- 2
- Last round
- Debt Sep 2026
Ren-Gas was founded in 2021 by Matti Rautkivi and Saara Kujala.
Ren-Gas funding history
Ren-Gas has 2 funding rounds on record, from Dec 2025 to Sep 2026, $809M in total. None disclosed a valuation.
Debt 4 Sep 2026no round page
With European Investment Bank.
Sources: modernpowersystems.com, ren-gas.com
$791M
Growth Equity 17 Dec 2025
With Taaleri, Tesi, Allianz.
Sources: ren-gas.com, renewablesnow.com, ren-gas.com and 1 more
$19M
Ren-Gas investors
4 investors have backed Ren-Gas.
- Allianz
- European Investment Bank
What Ren-Gas does
Ren-Gas works in chemicals, with 14 recorded offerings and customers in energy, transportation and maritime.
Ren-Gas Oy is a Finnish company engaged in the production and distribution of green hydrogen-based e-methane, with a focus on supporting the transition to renewable fuels in sectors such as heavy transport and maritime industries. The company operates a decentralized Power-to-Gas (P2G) production network in Finland, producing renewable synthetic methane, hydrogen, and district heat from waste heat. Ren-Gas manages its projects through a centralized control room for real-time optimization and utilizes a proprietary SIMO platform for value chain modeling and optimization. The company also provides operations, maintenance, and optimization services for its energy projects and collaborates with institutional investors, financial partners, energy companies, technology suppliers, and engineering firms to support its activities.
Description from Veridion's company data.
Products and services
- Renewable Energy Project Development
- Green Hydrogen Production
- E-Methane Distribution
- District Heat Production
- Power-to-Gas Network Operation
- Sustainable Fuel Solutions Development
- Heavy Transport Decarbonization Solutions
- Maritime Sector Decarbonization Solutions
- Renewable Fuel Logistics and Delivery
- Centralized Fuel Optimization Services
- Proprietary E-Methane Value Chain Modeling
- Decentralized Renewable Energy Integration
- Sustainable Energy Consulting Services
- Energy Sector Partnership Development
Markets
- Energy
- Transportation
- Maritime
Technology
- Power-to-Gas (P2G) Production Network
Business model
- Business-to-Business
- Enterprise
Industry codes (NAICS)
- 325120 Industrial Gas Manufacturing 70% match
- 424690 Other Chemical and Allied Products Merchant Wholesalers 30% match
Questions about Ren-Gas
What is Ren-Gas worth?
Valuation $210M (range $128M to $325M), as of 24 Oct 2026.
Has Ren-Gas raised money?
Ren-Gas has 2 funding rounds on record, from Dec 2025 to Sep 2026, $809M in total. None disclosed a valuation.
Who has invested in Ren-Gas?
Allianz, European Investment Bank, Taaleri and Tesi.
How many people work at Ren-Gas?
About 32, up 7% over the last year. Headcount grew from 5 in Feb 2022 to 32 in Sep 2026.
What does Ren-Gas do?
Ren-Gas works in chemicals, with 14 recorded offerings and customers in energy, transportation and maritime. Its main offerings are renewable energy project development, green hydrogen production and e-methane distribution.
When was Ren-Gas founded, and where is it based?
Ren-Gas was founded in 2021 and is based in Espoo, Finland. It has about 32 employees, up 7% over the last year.