Econic Technologies
Latest round
- Series E
Last raised
- Oct 2024
Total raised
- $51M
Investors
- 11
About Econic Technologies
Econic Technologies Ltd, founded in 2011 and headquartered in Cheshire, UK, focuses on transforming carbon dioxide into valuable materials.Econic Technologies specializes in a patented process that utilizes a unique catalyst to transform carbon dioxide (CO2) into high-performance materials, primarily targeting the production of polyols and surfactants. These products serve as essential ingredients that substitute fossil-based raw materials in various applications, including automotive components, construction materials, textiles, and consumer goods such as mattresses. By turning carbon emissions into renewable carbon-based ingredients, Econic enhances product performance while reducing costs, thereby catering to a diverse client base that includes polyols and surfactants manufacturers supplying iconic global brands.Econic generates revenue primarily through licensing agreements with manufacturers in the polyol and surfactant industries. The company's transaction structure typically involves long-term partnerships, where manufacturers adopt Econic's technology to produce CO2-derived materials. These agreements allow clients to improve their product offerings while decreasing reliance on oil-based inputs, thus aligning with global sustainability goals. While specific pricing structures for licensing and technology transfer are not disclosed, the potential for value creation through enhanced product performance and cost efficiency underpins the economic model of these collaborations. The company aims to design and launch new products that address the growing need for sustainable materials, with specific plans to enter additional markets in Europe and North America by mid-2025.
Who invested in Econic Technologies
11 investors across 5 rounds
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Questions about Econic Technologies
Who invested in Econic Technologies?
Econic Technologies has 11 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Econic Technologies raised?
Econic Technologies has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Econic Technologies last raise money?
Econic Technologies's most recent round on record is a Series E, in Oct 2024.
What does Econic Technologies do?
Econic Technologies Ltd, founded in 2011 and headquartered in Cheshire, UK, focuses on transforming carbon dioxide into valuable materials.
Where is Econic Technologies headquartered?
Econic Technologies is headquartered in Cheshire, UK.
Which VCs invest in companies like Econic Technologies?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back chemicals companies at Econic Technologies's stage. Their profiles are linked below.
VCs backing chemicals startups at Series E
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