3 years ago

Econic Technologies Secures £10.4 Million in Series D Funding

  • Econic Technologies, a UK-based deep tech carbon-to-value company, has raised £10.4m in the second close of its Series D funding round

  • This follows the first close in April, led by OGCI Climate Investments and Capricorn Sustainable Chemistry Fund

  • The latest round includes investments from CM Venture Capital Fund III, LP, GC Ventures Company, and ING Sustainable Investments B.V

  • Econic Technologies has developed catalyst technology that converts captured CO2 into a usable raw material for the production of polymers, serving the polyurethane industry

  • The funding will support the company's commercialization of its technology and allow it to meet booming consumer demand for more sustainable products.

      • ProblemTechnology

      "Making the production of polymers more sustainable by reducing the reliance on fossil fuels."

      Solution

      "Developing a catalyst technology that converts captured CO2 into a usable raw material for the production of polymers, enabling companies to reduce their carbon footprint and meet consumer demand for sustainable products."

      Covered on