# Promethean Particles

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/promethean-particles

- Industry: Materials
- Headquarters: Nottingham, UK
- Website: www.prometheanparticles.co.uk/
- Total disclosed funding: $10M
- Latest round: Series A (Jul 31, 2024)
- Investors on record: 6

## About

Founded in 2008 and based in Nottingham, UK, Promethean Particles Ltd. is a company that develops and manufactures multi-material nanoparticle dispersions. In July 2024, Promethean Particles Ltd. raised GBP 8 million in Series A funding co-led by Aramco Ventures and Mercia Asset Management, including Foresight Group Holdings, Disruptive Capital, TSP Ventures, and the University of Nottingham. As of 2024, the company is led by its CEO, James Stephenson.

The company specializes in the development and production of metal-organic frameworks (MOFs), which are a new class of materials characterized by their porous, lattice-like structure. These materials have a high surface area and customizable pore sizes, making them ideal for applications such as carbon capture and storage. Promethean's MOF-based solutions are designed to trap and store carbon dioxide, offering an approach to reducing CO2 emissions. The company covers various industry needs such as printed electronics, nanocomposites, catalysts, MOFs, healthcare, etc.

The organization plans to use the July 2024 funding to support the expansion of its manufacturing facility in Nottingham, acquire team members, and further develop its climate technology platform.

## Funding rounds

- Series A, Jul 31, 2024, $10M — Foresight Group, Mercia Asset Management, Disruptive Capital, Aramco Ventures, University of Nottingham, TSP Ventures

## Investors

- Foresight Group (https://capitalatlas.ai/funds/foresight-group) — Series A
- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Series A
- Disruptive Capital (https://capitalatlas.ai/funds/disruptive-capital) — Series A
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- University of Nottingham — Series A
- TSP Ventures (https://capitalatlas.ai/funds/tsp-ventures) — Series A