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FuelGems

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FuelGems Inc.

Industrial & Manufacturing · Engineering · Austin, TX · Founded 2019

A revolutionary fuel additive which makes fuel much cleaner and more efficient

Valuation cap ⓘ
$17.5M
As of Aug 2025 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$3,289,625
Crowd $2.9M · Private $395K · 8 rounds since 2019
Latest share price
$1.8035
Rule 506(c) · Common Stock · Jan 2023 offering price

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$0
2018
$0
−$47K
2019
$0
−$125K
2020
$0
2021
$0
2022
$5K
−$423K
2023
$0
−$495K
2024
$0
−$310K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020 reviewed
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$0
$0
$0
$5,000
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
$0
Gross margin
—
—
—
—
—
100%
—
—
Net income
$0
-$47,175
-$125,273
$0
$0
-$423,343
-$495,186
-$309,951
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$909
$24,025
$607,126
$362,635
$366,652
$222,544
$112,284
$286,948
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$27,825
$27,825
$607,126
$433,138
$555,117
$394,990
$263,838
$457,844
Short-term debt
$0
$0
$35,384
$0
$0
$0
$0
$0
Long-term debt
$0
$0
$0
$24,030
$10,741
$42,501
$0
$0
Total liabilities
$0
$0
$35,384
$24,030
$10,741
$42,501
$0
$0
Other
Headcount
—
4
5
8
5
5
5
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$8.5M
Valuation cap
$20.0M
pre-money
$15.0M
pre-money
$17.5M
Valuation cap
Reg CF · SAFE · Sep 2020
Reg CF · Common · Jul 2021
Reg CF · Common · Oct 2022
Reg CF · SAFE · Jan 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

log scale
$3.48$0.1818$0.0095
Mar 2019Jan 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Apr 2022 (-46.4%) · Jan 2023 (-25.6%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jun 17, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock6,410,5821100.0%$1.80Jan 2023

Principal holders% as the filing states it, Jun 17, 2026

  • Kirill Gichunts3,550,000 Common Stock55.4%of company
  • Everyone else (not named in filings)44.6%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Jan 2024Closedvia Republic
Raised $1.1M / $3MInvestors 944Valuation cap $17.5M
Raised $165KInvestors 5
Raised $203.9K / $3.6MInvestors 206Post-money $15.2M
Raised $829.2K / $3.9MInvestors 965Post-money $21.4M
Reg CF · SAFE · Sep 2020Closedvia WeFunder
Raised $803.5K / $1.1MInvestors 1,279Valuation cap $8.5M
Raised $75.2KInvestors 2

Team

7 people
Kirill GichuntsFounder
CEO & Director

Business and Economics at UC Berkeley Advised Microsoft, Managing Partner at EastOne’s VC division (over 15 VC investments), Semi-finalist at Cleantech Open, KBC Securities, Raiffeisen/Lazard, Deloitte, Hilspen Capital Management, Global Asset Capital Forbes Business Council, Author of 3 scientific publications, completed IPO which received an award and helped achieve 2 exits. Led breakthrough research in novel nanotechnology and chemistry which resulted in scientific discoveries

Dmitry Vinnichenko, Ph.D.
Scientist

M.S. in Electrical Engineering, Computer Science and Physics with honors, Ph.D. in Electrical Engineering and Computer Science Author of 69 scientific publications Won over 11 awards for scientific research and academic excellence in areas of Computer Science and Electrical Engineering.

Irina Nazarova, Ph.D.
Scientist

M.S. in Computer Engineering with honors, Ph.D. in Physics (Semiconductors) Author of 35 scientific publications Won multiple awards for scientific research and academic excellence

Jacek Jasinski, Ph.D.
Nanotechnology Scientist

M.S. in Solid State Physics and Ph.D. in Physics of Semiconductors Research Scientist at Lawrence Berkeley National Laboratory, Chief Scientist at Institute for Advanced Materials and Renewable Energy, Conn Center for Renewable Energy Author of over 240 scientific publications, won 3+ awards for scientific research and academic excellence Editor of Chem Engineering, reviewer for Applied Physics Letters, Microscopy and Microanalysis, Catalysis Today, Small Methods, and as a proposal reviewer for the Center for Functional Nanomaterials at Brookhaven National Laboratory

Roman Tarasov, Ph.D. candidate
Chemical Engineer

M.S. Environmental Science and Chemistry, Ph.D. Computer Science Author of 25+ scientific publications First place winner in ecological hackathon and winner of scientific competition in two scientific fields: "environmental biotechnology" and "computer science" Engaged in chemical engineering since 2013

Tim Rose, Ph.D.
Automotive Scientist

BEng Materials Engineering, Honors, Ph.D. in Engineering (Surface Science). Engineering Scientist at British Gas, Research Scientist in Novel Fuels for Transport. Taking materials science and surface chemistry into the production of renewable, bio, and enhanced liquid fuels

Yaroslav Bereznitskiy, Ph.D. candidate
Chemical and Nanotechnology Engineer

M.S. Chemistry and Ph.D. Candidate in Advanced Chemical Fuel Technologies; author of 10 scientific publications Developed advanced nanotechnology using novel chemical engineering

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 6 of 6 annual reports (FY2020–FY2025)

1,279 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARJun 17, 20260001818804-26-000002
    EDGAR
  • Form C-UMay 6, 20250001818804-25-000003
    EDGAR
  • Form C-ARMay 2, 20250001665160-25-000957
    EDGAR
  • Form C/AFeb 12, 20250001818804-25-000002
    EDGAR
  • Form C/AJan 10, 20250001818804-25-000001
    EDGAR
  • Form C/ASep 19, 20240001818804-24-000004
    EDGAR
  • Form C/AJul 19, 20240001818804-24-000003
    EDGAR
  • Form C/AApr 23, 20240001818804-24-000002
    EDGAR
Source: ManualCIK 0001818804DEShare price $1.8035

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.