# Nuada

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

- Industry: Environmental Services
- Headquarters: Belfast, UK
- Website: www.nuadaco2.com
- Total disclosed funding: $9.3M
- Latest round: Series A (Jul 7, 2023)
- Investors on record: 5

## About

Nuada specializes in advanced carbon capture technologies to address industrial emissions, using Metal Organic Frameworks (MOFs) for efficient filtration. Based in Belfast, Ireland, the company aims to revolutionize carbon capture in hard-to-abate sectors.Founded in 2012 in Belfast, UK, Nuada focuses on carbon capture solutions targeting the cement and concrete industries. The company has completed 6 deals to date, with its most recent funding round, a Series A, occurring on July 7, 2023, securing GBP 3.356 mn from BGF. The total amount raised to date is GBP 3.356 mn, with a current valuation of GBP 20.566 mn. Joelle P and Shengyu Liu are among the founders, and the CEO's details are currently unavailable.Nuada Carbon Capture specializes in advanced carbon capture technology designed specifically for hard-to-abate industrial sectors. The company's core offerings include energy-efficient filtration machines that utilize Metal Organic Frameworks (MOFs) combined with vacuum swing technology to capture CO2 from industrial emissions. These machines operate through a heatless and solvent-free process, drastically reducing energy consumption typically associated with carbon capture. The technology is particularly suited for cement and concrete manufacturers, addressing the urgent need for effective carbon reduction methods in these sectors. Nuada collaborates with industry leaders, including the Global Cement & Concrete Association (GCCA), to implement its solutions in various markets across Europe and North America.Nuada Carbon Capture generated revenue of GBP 85,861.80 in 2014, with an EBITDA loss of GBP 107,089.70 for the same year. The company focuses primarily on B2B transactions with industrial emitters in the cement and concrete sectors. It uses its flagship MOF-based carbon capture systems through partnerships and pilot projects, enabling clients to validate the technology before full-scale implementation. Revenue is derived from the deployment of mobile pilot plants customized for specific emissions, with fees for demonstration campaigns and ongoing service agreements following successful trials. This approach aligns with the growing demand for decarbonization solutions in regions like the European Union and the United States.In July 2023, Nuada raised GBP 3.35 mn in Series A funding to support the construction of a new plant in the UK. As part of a larger GBP 7.9 mn Series A round, this funding will help facilitate the expansion of their advanced carbon capture technologies into additional markets within Europe and North America, with further developments anticipated by the end of 2024.

## Funding rounds

- Series A, Jul 7, 2023, $4.3M — BGF Investment Management
- Series A, Oct 4, 2022, $5M — Barclays Investment Solutions Limited, Clean Growth Investment Management
- Seed, Jul 1, 2012 — Qubis, NetScientific

## Investors

- Qubis (https://capitalatlas.ai/funds/qubis) — Seed
- NetScientific — Seed
- Barclays Investment Solutions Limited — Series A
- Clean Growth Investment Management (https://capitalatlas.ai/funds/clean-growth-investment-management) — Series A
- BGF Investment Management (https://capitalatlas.ai/funds/bgf-investment-management) — Series A