ViridiCO2: Raises £3M in Seed Funding

ViridiCO2 Raises £3M in Seed Funding

• 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
• The company 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
• The company uses solid catalyst technology that can be retrofitted into existing chemical processes, allowing them to use CO₂ in place of petrochemicals