Terms
- Announced
- 19 Jan 2026
- Instrument
- Equity
- Amount
- US$3.00m
- Source
- adbioresources.org
Parties
- Project developer
- Carbogenics Ltd
- Recipient type
- Technology company
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Dangerous Ventures Investor US$0.43m Estimated: an even share, 1 of 7 Green Angel Ventures Investor US$0.43m Estimated: an even share, 1 of 7 Scottish Enterprise Investor US$0.43m Estimated: an even share, 1 of 7 Old College Capital Investor US$0.43m Estimated: an even share, 1 of 7 Innovate UK Grantor US$0.43m Estimated: an even share, 1 of 7 New Mexico Gas Grantor US$0.43m Estimated: an even share, 1 of 7 New Mexico Government Economic Development Department Grantor US$0.43m Estimated: an even share, 1 of 7
Carbon
- Pathway
- Biochar
What happened
- No lead named. The company describes it as an investment and grant funding round and does not disclose the split; Innovate UK, New Mexico Gas and the New Mexico Government Economic Development Department are the grant side. Techstart Ventures appears in third-party records and in no source. Denominated in dollars despite a Scottish recipient.
Kumo note
- A Scottish university spinout funded in dollars, with roughly half the named backers being public innovation agencies on two continents. The grant and equity split is not disclosed, so the commercial component cannot be separated from the subsidy.
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