# Barocal funding: rounds and investors

> Barocal has raised $23M across 4 rounds since 2022. Investors include Parkwalk, IP Group and World Fund. Every round with its source.

Source: https://millionrounds.com/company/barocal (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Barocal*

4 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Climate Tech Energy Real Estate

Raised 6 months ago

Funding summary Updated 26 Oct 2026

**$23M** raised across 4 rounds since 2022, from 4 sources

**$1.8M** Round **$2.7M** Grant **$9.0M** Seed **$10M** Seed

- **Latest round:** Seed, $10M May 2026
- **Led by:** World Fund
- **Investors:** 8 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024 2025 2026

**$1.8M** Round

**$2.7M** Grant

**$9.0M** Seed

**$10M** Seed

- **First round:** Round, $1.8M
- **Biggest round:** $10M
- **Usual gap between rounds:** 14 months

## The rounds

- **May 2026** Seed **$10M** *5 new* *2 returning* [World Fund](https://millionrounds.com/fund/world-fund) Lead [Parkwalk](https://millionrounds.com/fund/parkwalk) [IP Group](https://millionrounds.com/fund/ip-group) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [SE Ventures](https://millionrounds.com/fund/se-ventures) [Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) [Breakthrough Energy Discovery](https://millionrounds.com/fund/breakthrough-energy-discovery) Reported by Ventureburn
- **Dec 2025** Seed **$9.0M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Oct 2024** Grant **$2.7M** *3 new* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [Parkwalk](https://millionrounds.com/fund/parkwalk) [IP Group](https://millionrounds.com/fund/ip-group) Source recorded
- **Jan 2022** Round **$1.8M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Barocal filed 2 raises, $11M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2025 **$9.0M** UK share allotment
- Jan 2022 **$1.8M** UK share allotment

## Founders and team

From Barocal's own website: 7 on the team.

- **Xavier Moya** CEO
- **Adrian Watson** CFO
- **Giles Rodway** CTO
- **Blane Scott** R&D Engineer
- **Kevin Siby** R&D Engineer
- **Kurt Joachim** Principal Engineer
- **Zak Karimjee** R&D Engineer

Advisers *Richard Lawton*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2022 **Grant** 2024 **Seed** 2025 **Seed** 2026 [Parkwalk](https://millionrounds.com/fund/parkwalk) [IP Group](https://millionrounds.com/fund/ip-group) [World Fund](https://millionrounds.com/fund/world-fund) L [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [SE Ventures](https://millionrounds.com/fund/se-ventures) [Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) [Breakthrough Energy Discovery](https://millionrounds.com/fund/breakthrough-energy-discovery)

## Everyone who backed them

[Parkwalk](https://millionrounds.com/fund/parkwalk) VC firm **2** rounds

[IP Group](https://millionrounds.com/fund/ip-group) VC firm **2** rounds

[World Fund](https://millionrounds.com/fund/world-fund) VC firm **1** round, led 1

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

[Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **1** round

[SE Ventures](https://millionrounds.com/fund/se-ventures) Corporate VC **1** round

[Cambridge Enterprise Ventures](https://millionrounds.com/fund/cambridge-enterprise-ventures) VC firm **1** round

[Breakthrough Energy Discovery](https://millionrounds.com/fund/breakthrough-energy-discovery) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=barocal).

## Also claim to have backed them

These 2 firms list Barocal as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Touchstone Innovations](https://millionrounds.com/fund/touchstone-innovations) VC firm Per its own site

[Deeptech Labs](https://millionrounds.com/fund/deeptech-labs) Accelerator Per its own site

## Quick answers about Barocal

### Who invested in Barocal?

Barocal's investors include Parkwalk, IP Group, World Fund, EIC Accelerator and Breakthrough Energy, and 3 more on record. World Fund led its latest round.

### How much has Barocal raised?

Barocal has raised $23M across 4 rounds since 2022.

### When did Barocal last raise?

Barocal's most recent round was a Seed of $10M in May 2026, led by World Fund.

### What was Barocal's biggest round?

Its most recent round, $10M in May 2026, is also its largest on record.

### Who backed Barocal first?

Barocal's first round on record, in Oct 2024, was backed by EIC Accelerator, Parkwalk and IP Group.

### What stage is Barocal at?

Barocal's latest named round is a Seed, in May 2026.

### Where is Barocal based?

Barocal is based in the United Kingdom.

### Who led Barocal's rounds?

World Fund led the Seed in 2026.

## Companies like Barocal

In the same sector, and raised in the last eighteen months.

[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Nusku** $3.7M · Oct 2026](https://millionrounds.com/company/nusku)[**Tekcapital** $12M · Oct 2026](https://millionrounds.com/company/tekcapital)[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)

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