What is Econic Technologies?
Founded in 2011, Econic Technologies specializes in the development and commercialization of novel catalyst systems that enable the integration of carbon dioxide into the production of polyurethanes and other essential polymers. By replacing traditional oil-based feedstocks with captured CO2, the company provides manufacturers with a dual-benefit proposition: reducing reliance on volatile fossil fuel markets while simultaneously lowering the carbon footprint of everyday consumer goods, such as automotive components and high-performance footwear. The technology, which originated from research at Imperial College London, positions Econic at the intersection of green chemistry and industrial efficiency, offering a viable pathway for heavy industry to meet increasingly stringent environmental, social, and governance (ESG) mandates.
How much funding has Econic Technologies raised?
Econic Technologies has raised a total of $27.5M across 3 funding rounds:
Series A
$8.4M
Unspecified
$6.5M
Series D
$12.6M
Series A (2014): $8.4M with participation from Jetstream Capital and Imperial Innovations
Unspecified (2016): $6.5M led by Imperial Innovations Group plc and Woodford Investment Management
Series D (2022): $12.6M, investors not publicly disclosed
Key Investors in Econic Technologies
Imperial Innovations Group plc
A specialized investment arm associated with Imperial College London, focused on commercializing world-class research in science, engineering, and medicine.
Woodford Investment Management
A former UK-based financial services firm that managed various equity income and patient capital funds, historically active in supporting innovative technology ventures.
Jetstream Capital
An employee-owned hedge fund sponsor that historically provided capital to pooled investment vehicles and engaged in public equity market research.
What's next for Econic Technologies?
As Econic Technologies moves deeper into its commercialization phase, the focus shifts toward scaling its catalyst technology for broader industrial adoption. The recent capital infusion is expected to accelerate the deployment of these solutions across global supply chains, enabling plastic manufacturers to integrate waste CO2 into their existing production lines with minimal disruption. Strategic priorities likely include expanding partnerships with major chemical producers and refining the economic viability of carbon-based polymers. By bridging the gap between laboratory-scale innovation and large-scale industrial application, Econic is well-positioned to capitalize on the global transition toward sustainable manufacturing, potentially setting a new standard for carbon-negative material production in the coming decade.
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