What is UP Catalyst OÜ?
Founded in 2019 and headquartered in Tallinn, UP Catalyst OÜ is at the forefront of producing carbon nanomaterials and graphite from CO₂ emissions. The company employs eco-friendly production methodologies to create materials with diverse applications, including advanced electric car batteries, construction materials like concrete, and innovative biomedical solutions. This focus on sustainable material science positions UP Catalyst as a key player in the circular economy and advanced manufacturing industries.
How much funding has UP Catalyst OÜ raised?
UP Catalyst OÜ has raised a total of $397.3M across 3 funding rounds:
Series B
$375M
Other Financing Round
$2.6M
Debt
$19.7M
Series B (2022): $375M with participation from Little Green Fund, Scottish Baltic Invest, and Sunly
Other Financing Round (2024): $2.6M led by Warsaw Equity Group and SmartCap
Debt (2025): $19.7M supported by European Investment Bank
Key Investors in UP Catalyst OÜ
European Investment Bank
Established in 1958 and headquartered in Luxembourg, European Investment Bank (EIB) is the European Union's nonprofit long-term lending and finance institution.
Warsaw Equity Group
Warsaw Equity Group is a leading growth equity fund in Central and Eastern Europe, specializing in investments in growth-stage, innovative B2B tech companies that focus on automation, efficiency, and sustainability.
SmartCap
SmartCap is an investment arm of the Estonian Development Fund managing early stage venture funds and investing into innovative and ambitious Estonian technology companies.
What's next for UP Catalyst OÜ?
The recent major strategic investment in UP Catalyst OÜ signals a pivotal growth phase for the company. This influx of capital is expected to accelerate the scaling of its proprietary CO₂ utilization technology and expand its market reach for its advanced carbon nanomaterials. The company is likely to focus on enhancing production capacity, forging new strategic partnerships, and further developing its product applications in sectors such as renewable energy storage and sustainable construction, solidifying its position as a leader in carbon capture and utilization.
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