OXHY closed its CrowdFundMe campaign: a record €1.7 million raised thanks to more than 500 new investors

The funds raised exceed the initial minimum target by more than eight times and inject new energy into the Neapolitan deep-tech company’s research, engineering, and industrial validation efforts.

OXHY has concluded its equity crowdfunding campaign on CrowdFundMe, raising a record amount of over 1.7 million euros, with contributions from more than 500 new investors. The initial minimum target was 200,000 euros. The final result therefore exceeds the initial target by more than eight times, confirming the strong interest in OXHY and its technological trajectory.

The funds raised represent an important milestone in the company’s journey: a tool to strengthen development activities, expand the investor base, and support the work needed to bring the technology to more advanced levels of maturity.

A fundraising effort that strengthens the roadmap

OXHY is developing Oxhycell, a proprietary technology designed to explore the conversion of ambient heat and infrared radiation into electrical energy.

The funds raised will be allocated to the research and development plan, cell engineering, measurement and validation activities, intellectual property protection, and the preparation of the first pilot projects with industrial partners.

The initiative focuses in particular on low-power applications, such as sensors, IoT devices, microelectronics, and industrial monitoring systems, where self-powered operation can reduce dependence on batteries, wiring, and maintenance.

At the same time, OXHY will continue to work on activities related to energy recovery in industrial settings, including ORC technologies and potential integrations with the Oxhycell platform.

“The fundraising result is in line with expectations that have developed over time and allows us to implement the minimum roadmap as planned. The most interesting aspect, however, is the quality of the participation: a community is forming around OXHY that recognizes the scientific and industrial value of the project and the contribution this technology can make toward a different way of generating energy.”

Graziano Terenzi

Co-founder & CSO at OXHY

In addition to its industrial and financial aspects, the collection also highlights the scientific vision underlying the OXHY project: reducing heat dissipation, converting currently unused energy, and bringing decentralized electricity generation into everyday objects and applications.

“It is a scientific, technological, and industrial mission; but above all, it is a shared worldview. Every true change begins with those who decide to believe in it by taking that first small step.”

Roberto Germano

Co-founder & CTO at OXHY

A community of investors

The fundraising campaign on the crowdfunding platform involved more than 500 investors, including professionals, entrepreneurs, researchers, technicians, and individuals interested in closely following the development of an Italian deep-tech innovation.

For OXHY, this figure is particularly significant because it demonstrates how equity crowdfunding can mobilize private capital even for complex scientific projects, which typically have longer development timelines than digital or software models.

The fundraising effort takes place in a context where access to capital for innovative companies remains heavily concentrated in Italy’s major financial hubs. Against this backdrop, OXHY’s achievement highlights the potential to build investment pathways starting from Southern Italy, leveraging scientific expertise, intellectual property, and industrial prospects.

A journey that has been in the making for some time

The CrowdFundMe campaign came after more than two years of activity, during which OXHY worked on building the company, defining the fundraising strategy, preparing technical and financial documentation, establishing the special purpose vehicle, and engaging with potential investors.

“It was a complex fundraising effort, prepared with great care. The work leading up to the launch was particularly intense: documentation, corporate structure, relations with the platform, and discussions with investors who had been waiting a long time for the campaign to go live. Once launched, the campaign raised the project’s profile and strengthened the entire fundraising process.”

Pierluigi Tuccinardi

Head of Investor and Legal Affairs at OXHY

The round continues through 2027

The closing of the fundraising round marks a significant milestone in a broader process.

With the equity crowdfunding phase now complete, OXHY is continuing its fundraising efforts as part of its ongoing capital increase. The company intends to complete the investment round by June 2027, in line with the requirements of its technological and industrial roadmap.

In the coming months, the company will continue to share updates on laboratory activities, test progress, prototypes, industrial partnerships, and progress toward application validation.

About OXHY

Founded in Naples in 2023, OXHY is a deep-tech company focused on developing technologies for distributed energy autonomy. Through the Oxhycell platform, the company works on converting ambient heat and infrared radiation into electrical energy, with a particular focus on sensors, IoT devices, microelectronics, and ultra-low-power systems.

OXHY is part of the Campania Newsteel ecosystem, an incubator promoted by Città della Scienza and the University of Naples Federico II, and brings together scientific, engineering, and industrial expertise to take the technology from research to application validation.