What is New Iridium?
New Iridium is a Colorado-based chemical technology firm dedicated to revolutionizing chemical production. The company's core innovation lies in its proprietary photo- and thermal-catalytic platform, which replaces traditional fossil-based feedstocks with renewable alternatives like bio-ethanol and captured CO2. This approach enables highly selective, energy-efficient reactions under mild conditions, substantially reducing both carbon emissions and energy consumption, positioning New Iridium at the forefront of green chemistry.
How much funding has New Iridium raised?
New Iridium has raised a total of $5.3M across 2 funding rounds:
Seed
$2.6M
Seed
$2.6M
Seed (2025): $2.7M with participation from Climate Insiders, Evergreen Climate Innovations, and Radicle Growth
Seed (2025): $2.7M led by Radicle Growth and Evergreen Climate Innovations
Key Investors in New Iridium
Climate Insiders
Climate Insiders is a podcast platform that shares insights from climate thinkers, entrepreneurs, and investors, focusing on climate technology and sustainability to educate and inspire action.
Evergreen Climate Innovations
Evergreen Climate Innovations supports Midwest-based climate tech startups with seed investments and networking, aiming to advance climate innovation and ensure the success of early-stage companies.
Radicle Growth
Radicle Growth is a venture capital firm focused on Ag and Food tech, identifying and funding innovative startups through competitions and strategic corporate partnerships to drive positive change in the food system.
What's next for New Iridium?
The recent major strategic investment signals a critical juncture for New Iridium, likely enabling the company to scale its operations, further refine its proprietary technology, and expand its market reach. This capital infusion is expected to accelerate the commercialization of its sustainable chemical manufacturing processes, solidifying its position as a leader in the transition towards a carbon-negative economy. Future developments will likely focus on broader industry adoption and strategic partnerships to maximize the impact of its innovative solutions.
See full New Iridium company page
