IP Group has returned for a $11.3m round for University of Leeds’ smoke capturing technology provider.

C-Capture, a UK-based developer of carbon dioxide (CO2) separation technology spun out of University of Leeds, has raised £8m ($11.3m) in funding from investors including commercialisation firm IP Group. Petroleum provider BP took part through BP Ventures, while power producer Drax Power and state-owned British Business Bank’s Future Fund also participated. Founded in 2009, C-Capture has built CO2 capture and storage systems intended to enable factories and power plants to catch and eliminate combustion furnace gases in the smoke flue. C-Capture chief executive Tom White said: “Additional investment from our shareholders supports C-Capture in further optimising its carbon capture technology, improving performance whilst driving down costs.” IP Group, BP Ventures and Drax co-led a $4.6m round for C-Capture in early 2019. IP Group had backed the company’s $263,000 seed round in 2011 with Finance for Business North East Technology Fund, having invested an undisclosed sum two years before. – A version of this article first appeared on our sister site, Global Corporate Venturing.  

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.