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High Tech Series E Founded 2011

Econic Technologies

Econic Technologies develops patented catalyst technology that transforms waste carbon dioxide into high-performance polyols and surfactants, replacing fossil-based raw materials with renewable carbon. The company licenses its proprietary process to polyols and surfactants manufacturers who supply consumer brands across furniture and mattresses, coatings and adhesives, automotive, construction, and apparel markets.…

📍 Macclesfield, United Kingdom · Advanced Materials,

Funding snapshot

Last roundSeries E
Amount$43M
Date15 October 2024
Total raised$43M
Valuation110,737,094 (Sep 9, 2022)
Team size53

About

Econic Technologies develops patented catalyst technology that transforms waste carbon dioxide into high-performance polyols and surfactants, replacing fossil-based raw materials with renewable carbon. The company licenses its proprietary process to polyols and surfactants manufacturers who supply consumer brands across furniture and mattresses, coatings and adhesives, automotive, construction, and apparel markets. The Econic process reduces carbon footprint by up to 30%, is energy efficient, cost-competitive with incumbent technologies, and can be easily incorporated into existing supply chains while improving product performance. The technology enables manufacturers to embed upcycled carbon into everyday products used in cars, clothes, construction materials, and mattresses. Founded in 2011 and headquartered in Macclesfield, United Kingdom, Econic Technologies has raised $43.2M in Series E funding from investors including CM Venture, GC Ventures, ING Bank, Imperial Innovations, OGCI, Climate Investment, and Capricorn Partners.

Business model

Advanced Materials > Biomaterials > Biodegradable Polymers > Bioplastics > Carbon Capture,

Air Pollution Management Tech > Carbon Management > Carbon Capture > Carbon to Materials > Bioplastics

Team background

College Wise > Imperial College London

Institutional investors

CM Venture GC Ventures ING Bank Imperial Innovations Woodford Investment Management Jetstream Capital OGCI IP Group Climate Investment Capricorn Partners Taranis Norner Gov Europa Unreasonable

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