VirdiCO2, a London, UK-based company that develops technology that converts waste carbon dioxide into chemical products, raised £3M in Seed funding.
The round was led by EQT Ventures.
The company intends to use the funds to accelerate the development and commercialisation of its CCU technology.
Led by Dr. Daniel Stewart, ViridiCO2 is a spin-out from the University of Southampton whose technology converts waste carbon dioxide that would otherwise be released into the atmosphere into high-value chemical products such as surfactants, plastics/polymer feedstocks and small molecules.
The company uses solid catalyst technology that can be retrofitted into existing chemical processes, allowing them to use CO2 in place of petrochemicals.
FinSMEs
08/03/2023