# Barocal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/barocal

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Cambridge, UK
- Website: https://barocal.com/
- Total disclosed funding: $21M
- Latest round: Seed (Nov 3, 2026)
- Investors on record: 8

## About

Founded in 2019 by Prof. Xavier Moya and based in Cambridge, UK, Barocal Ltd. is a spin-out of the University of Cambridge that is developing low-carbon heating and cooling solutions. 

The company's barocaloric technology supports zero-carbon heating and cooling and can be used in a variety of applications including heating and air conditioning, domestic and commercial refrigeration, and refrigerated vehicles. Barocal generates revenue through the development and commercialisation of solid-state heating and cooling systems based on barocaloric materials. The company’s expected revenue streams include sales of proprietary cooling and heating units to commercial and industrial customers (e.g. data centres, refrigeration, and building applications), licensing of its patented materials and system designs to original equipment manufacturers, and potential longer-term revenue from technology partnerships or joint development agreements.

In May 2026, Barocal raised EUR 8.5 million in seed funding led by World Fund, with participation from Breakthrough Energy Ventures, Ecosia, Cambridge Enterprise and IP Group. The company will use the funding to accelerate system development, scale its engineering team, expand operations and recruit senior technical and commercial talent ahead of commercial deployment.

## Funding rounds

- Seed, Nov 3, 2026, $10M — Breakthrough Energy Discovery, Cambridge Enterprise Ventures, IP Group, World Fund
- Seed, Dec 12, 2025, $9M — Cambridge Enterprise Ventures, Breakthrough Energy Ventures, World Fund, Ecosia, IP Group
- Seed, Jan 13, 2022, $1.8M — Cambridge Enterprise, Longview Innovation

## Investors

- Cambridge Enterprise — Seed
- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Seed
- Cambridge Enterprise Ventures (https://capitalatlas.ai/funds/cambridge-enterprise-ventures) — Seed
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Seed
- World Fund (https://capitalatlas.ai/funds/world-fund) — Seed
- Ecosia — Seed
- IP Group — Seed
- Breakthrough Energy Discovery — Seed