Tech Company Financing Transactions
C-Capture Funding Round
Northern Gritstone, BP Ventures and Drax Group joined a $10.3 million venture round for C-Capture. The round was announced on 9/18/2023.
Transaction Overview
Company Name
Announced On
9/18/2023
Transaction Type
Venture Equity
Amount
$10,300,000
Round
Undisclosed
Investors
Proceeds Purpose
The investment will support C-Capture's technology commercialisation strategy which includes further testing of its one tonne per day, fully-integrated carbon removal pilot plant that is currently operating at Drax power station in Yorkshire. The funding will also be used to scale up the company's technology through the delivery of a commercial demonstration plant which will capture around 100-200 tonnes of carbon dioxide per day.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Unit 14 Evans Business Centre, Albion Way,
Leeds, England, LS12 2EP
UK
Leeds, England, LS12 2EP
UK
Phone
Website
Email Address
Overview
C-Capture was founded in 2009 as a spin-out company from the School of Chemistry at the University of Leeds. It was established, with support from IP Group, to develop work from Prof. Rayner's research group, where they had been building upon his nearly twenty years' experience working with CO2 to find new solutions to the carbon capture problem. In late 2011, we appointed an experienced chemist, Douglas Barnes, and process engineer, Caspar Schoolderman, who worked together to develop our first-generation technology up to pre-pilot scale.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tom White
Chief Financial Officer
Tom Scrope
Chief Operating Officer
Caspar Schoolderman
Chief Technical Officer
Phil Southerden
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