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May 21, 2025

Exclusive: Plural's Taavet Hinrikus leads £10m round for synthetic fuel startup Rivan

Before the fundraise, Rivan had been self-funded by founder Harvey Hodd, who previously sold two software companies

Freya Pratty

3 min read

London-based startup Rivan, which develops a synthetic fuel that can be used in place of natural gas by heavy industry, has raised £10m in a round led by VC firm Plural, with participation from Harry Stebbings’s 20VC, NFDG and Patrick and John Collison, the founders of Stripe. 

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Rivan's site in Wiltshire. Photo: Rivan.
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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