London – 9 August 2022

CleanTech Capital Advisors (CCA) has been sole financial advisor to UK company Econic Technologies on closing a £5.4 million 2nd tranche of its Series D (from Capricorn Partners, ING Bank, GC Ventures and CM Ventures), bringing the total round to £10.4 million.

Econic has developed and is commercialising its novel catalyst technology for utilising captured CO2 in everyday products via incorporation in polyurethanes, surfactants and polymers. The £5 million funding will enable Econic to deliver on its first licenced projects and build out its commercial organisation.

CleanTech Capital Advisors client Econic Technologies closes additional £5.4 million 2nd tranche