Post by UCL Business Ltd

Congratulations to the Gigaton team for their $26 million Series A fundraise! 📈 Recently renamed from Carbon Re to reflect its purpose, this investment means Gigaton will be able to expand its team five-fold and support more energy-intensive industries – like steel, glass, and chemicals – to reduce their energy use and emissions. Their mission is ever more critical, as energy markets are increasingly volatile, and decarbonisation often relies on technology and software built decades ago. Gigaton was founded on research from UCL and University of Cambridge, with help from UCLB who protected its IP, helped form partnerships with leading industrial players, and supported its growth with help from UCL Technology Fund, a major investor in the company. Read more about this news and the company's background: https://lnkd.in/evxNyeQx 2150 | Semapa Next | Planet A Ventures | AlbionVC | Cambridge Enterprise | Clean Growth Fund | Buffy Price | Josh Vernon