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, C-Capture supplies carbon dioxide (CO2) capture and storage (CCS) systems that remove the toxic gas from flumes produced by industrial facilities such as…
