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Cellfion
PFAS-free, cellulose-based membranes for energy storage technologies
About Cellfion
Cellfion is a Swedish materials science company that develops and manufactures sustainable, wood-derived membranes for the clean energy sector. Founded in August 2021 by CEO Liam Hardey, the company spun out of more than a decade of research at KTH Royal Institute of Technology, Linköping University, and RISE research institutes. Cellfion's core product is an ion-selective membrane made from nanocellulose, designed as a critical component for electrochemical energy storage and conversion devices.
The company's primary business is providing a cost-effective and environmentally friendly alternative to conventional membranes, which are often fossil-based and contain toxic per- and polyfluoroalkyl substances (PFAS). As regulations, particularly in the European Union, move to restrict PFAS, Cellfion is positioned to meet the growing demand for sustainable, high-performance alternatives. The membranes' properties, such as ion conductivity and mechanical integrity, can be customized for specific applications. The production process is inspired by traditional papermaking, where cellulose nanofibrils are extracted from wood, chemically modified, and pressed into membranes.
Cellfion's business model focuses on the sale of its membranes and nanoparticle dispersions. It serves clients in the hydrogen, battery, and ion-separation industries. Key application markets include redox flow batteries for large-scale energy storage, electrolyzers for green hydrogen production, and fuel cells. The company collaborates with partners like organic flow battery specialist Rivus Batteries to develop fully sustainable energy storage systems. Since its inception, Cellfion has secured multiple rounds of funding, including a €1.3 million seed round in 2022 from investors like Almi Invest Green Tech and Voima Ventures, and a €2.5 million grant from the European Innovation Council in 2024.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Stockholm, Sweden
- Employees
- 20
- Open positions
- None listed
- Dealroom signal
- 64.8/100
- Sub-industry
- Clean Energy, Energy Storage
- Sector
- Transportation, Biotechnology, Biomaterials, Membranes, Biopolymers, Spinout, Nanomaterials, Sustainable Development Goals, EIC
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SUPPORT PROGRAM✓Other financing | Jan 2024 | $550K | — | Swedish Energy Agency | — |
| GRANT✓Other financing | Nov 2023 | $2.4M | — | European Innovation Council | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Cellfion is 250 monthly website visits, down 26.5% over the last three months. Cellfion's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Voima Ventures
Almi Invest
Klimatet Invest
LIU Invest
KTH Ventures
European Innovation Council
Other known investors5 additional known investors
KTH Innovation
KTH Royal Institute of Technology
Linköping University
Swedish Energy Agency
Almi Företagspartner
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Cellfion on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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