# Captivate Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/captivate-technology

- Industry: Environmental Services
- Headquarters: Palmerston North, New Zealand
- Website: www.captivatetechnology.com
- Total disclosed funding: $3.8M
- Latest round: Seed (Feb 19, 2026)
- Investors on record: 8

## About

Based in Palmerston North, New Zealand and founded by Shane Telfer in 2022, Captivate Technology Ltd operates as an environmental services company offering a sponge material to capture carbon dioxide (CO2). In February 2026, Captivate Technology Ltd raised USD 3 million in seed funding led by WNT Ventures with participation from NZGCP, K1W1, Impact Ventures and Uush Capital. As of May 2026, Lauren Salisbury is the CEO of the company.

The company offers a porous, solid-state material with metal-organic frameworks (MOFs) that sieves CO2 from industrial off-gases. The company’s patented technology is called MUF-16 and it also helps to reduce greenhouse gas emissions.

The company plan to use the March 2026 funding to grow its team, expand operations, and transition to pilot-scale testing in local and international markets.

## Funding rounds

- Seed, Feb 19, 2026, $3M — K1W1, WNT Ventures, NZ Growth Capital Partners, Impact Ventures
- Seed, Feb 10, 2023, $0.8M — New Zealand Growth Capital Partners, Matu Fund, Booster Innovation Fund, Massey Ventures

## Investors

- New Zealand Growth Capital Partners — Seed
- Matu Fund (https://capitalatlas.ai/funds/matu-fund) — Seed
- Booster Innovation Fund — Seed
- Massey Ventures (https://capitalatlas.ai/funds/massey-ventures) — Seed
- K1W1 — Seed
- WNT Ventures (https://capitalatlas.ai/funds/wnt-ventures) — Seed
- NZ Growth Capital Partners (https://capitalatlas.ai/funds/nz-growth-capital-partners) — Seed
- Impact Ventures — Seed