https://www.forbes.com/sites/jonathankeane/2024/02/06/robot-delivery-player-starship-raises-90-million-round/?sh=5e199dbf6ec4

Tallinn-based UP Catalyst snaps €4 million to reduce Europe’s reliance on Chinese carbon materials

Read More
All Posts

Tallinn-based UP Catalyst snaps €4 million to reduce Europe’s reliance on Chinese carbon materials

UP Catalyst, a pioneer in sustainable carbon material production directly from CO2 emissions, successfully closed a €4 million seed investment round to advance its ground-breaking technology.


The round was led by Berlin-based climate tech VC fund Extantia and supported by Estonia’s state fund SmartCap, along with the continued participation of existing investors Sunly, Little Green Fund, Scottish Baltic Invest and UniTartu Ventures.

The funding took place amidst China’s announcement of graphite export curbs that has added urgency to the quest for local battery raw material alternatives. This is particularly crucial given that Europe currently depends on graphite imports for 99% of its supply. With the funding, the company will build an industrial pilot reactor capable of processing 100 tons of CO2 annually and producing 27 tons of carbon materials, making UP Catalyst the largest provider of green graphite in the world.

 

Source: https://www.eu-startups.com/2023/12/tallinn-based-up-catalyst-snaps-e4-million-to-reduce-europes-reliance-on-chinese-carbon-materials/ 

 

Don't miss out on the excitement! Reserve your spot at one of our upcoming events:

SCALE UP WITH WOLVES AND EUROPEAN CVC AWARDS 

26 March 2024, Spielfeld Digital Hub, Germany + online

EXPLORE TICKETING OPTIONS- BERLIN

 

 

WOLVES SUMMIT CEE

8-9 May 2024, Copernicus Science Centre, Warsaw, Poland + online

EXPLORE TICKETING OPTIONS- WARSAW

 

Related Posts

Lithuanian startup CTO2B secures €1M for automated DevOps on any cloud platform

CTO2B, a Lithuanian startup offering a SaaS platform for automated DevOps on cloud infrastructure, today announced the close of a €1 million Pre-Seed funding round. Practica Capital led the funding with participation from FiRSTPICK and several business angels. By eliminating the need for specialised experts, CTO2B empowers businesses to focus on core development, optimise cloud costs, and ensure high availability and scalability. https://tech.eu/2024/04/17/lithuanian-startup-cto2b-secures-eur1m-for-automated-devops-platform/

Cozero raises €6.5M in Series A funding to advance climate ERP solutions

Cozero, a German climate tech company specialising in carbon management software, announced it has closed a €6.5 million Series A funding round. This investment will fuel Cozero’s international expansion and further develop its Climate ERP platform, designed to integrate sustainability seamlessly with core business operations. Kvanted Ventures and EnBW New Ventures (ENV) led the funding round, with participation from NewAlpha Asset Management and a consortium of industry experts and advisors. These advisors hail from logistics, manufacturing, and SaaS sectors, including prominent figures like Henrik Larsen (former CPO, Maersk) and Gero Decker (Co-founder, Signavio). https://techfundingnews.com/cozero-raises-e6-5m-in-series-a-funding-to-advance-climate-erp-solutions/

Isospec Analytics Secures $1.9M to Transform Molecular Identification

Isospec Analytics has raised $1.9M to commercialize new technologies for molecular analysis that rapidly identify unknown molecules in minutes, helping pharmaceuticals, nutrition and agritech companies develop safer products and enabling researchers to discover new biomarkers. Isospec: Redefining Molecular Analysis for Breakthroughs in Biotech Founderful (formerly Wingman Ventures) leads Isospec’s $1.9M pre-seed round, joined by specialized investors Tiny.vc, another.vc, and Venture Kick. Isospec aims to redefine molecular analysis, unlocking new biological insights for diagnostics, therapeutics, and nutrition. https://hitconsultant.net/2024/04/17/isospec-analytics-secures-1-9m-to-transform-molecular-identification/