Econic Technologies Ltd, founded in 2011, is a United Kingdom-based startup with a vision to redefine essential products for good. The company's innovative approach utilizes catalyst chemistry to transform CO₂ into positive economic and environmental potential. The technology enables companies to incorporate CO₂ as a feedstock for polymer preparation, replacing oil-based materials in various everyday products, from cars and clothes to construction materials and mattresses. Econic's process embeds upcycled carbon into products, enhancing performance while reducing the carbon footprint by up to 30% without compromising quality. This approach is particularly impactful in polyurethane formulations, where Econic polyols facilitate quicker foam processing, more durable coatings, and reduced flame retardants without sacrificing performance. The startup's technology seamlessly integrates with existing manufacturing assets, requiring minimal process changes and operating at standard production temperatures and pressures, thus avoiding increased energy costs for manufacturers. Additionally, Econic's polyols offer brand owners economic benefits, standing out in the market with an improved environmental profile and enhanced performance compared to standard polyols. Econic Technologies' recent funding includes a Venture - Series Unknown investment on 15 October 2024. This innovative approach to waste solutions and manufacturing presents an exciting opportunity for potential investors seeking to support sustainable and economically promising ventures.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture - Series Unknown | Unknown | - | 15 Oct 2024 | |
Series D | £10.40M | 3 | ING Sustainable Investments | 09 Aug 2022 |
Series D | Unknown | 2 | 27 Apr 2022 | |
Convertible Note | £3.20M | 3 | The Future Fund | 09 Nov 2020 |
Grant | Unknown | 1 | 01 Nov 2020 |
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