IP Group returned to join corporates BP and Drax for the Leeds CO2 capture spinout’s latest round, taking its total investment in the company to $2.2m since 2009.

C-Capture, a UK-based carbon dioxide capture spinout of University of Leeds, obtained £3.5m ($4.6m) on Tuesday in a round co-led by commercialisation firm IP Group. BP Ventures, the corporate venturing arm of oil producer BP, also co-led the round, as did energy supplier Drax. Spun out from University of Leeds’ Department of Chemistry in 2009,…

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