# Carbogenics funding: rounds and investors

> Carbogenics has raised $5.0M across 3 rounds since 2023. Investors include Innovate UK, Scottish Enterprise and Techstart Ventures. Every round with its source.

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

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

# Who invested in *Carbogenics*

3 rounds we have observed, with the 5 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.

Cleantech

Raised 10 months ago

Funding summary Updated 26 Oct 2026

**$5.0M** raised across 3 rounds since 2023, from 3 sources

**$1.5M** Round **$638K** Venture **$2.9M** Venture

- **Latest round:** Venture, $2.9M Jan 2026
- **Step-up i:** 4.5×
- **Investors:** 5

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.

2024 2025 2026

**$1.5M** Round

**$638K** Venture

**$2.9M** Venture

- **First round:** Round, $1.5M
- **Biggest round:** $2.9M
- **Usual gap between rounds:** 18 months

## The rounds

- **Jan 2026** Venture **$2.9M** *1 new* *2 returning* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) Source recorded
- **Dec 2024** Venture **$638K** *4 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) [Green Angel Ventures](https://millionrounds.com/fund/green-angel-ventures) Source recorded
- **May 2023** Round **$1.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Carbogenics filed 3 raises, $3.2M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2025 **$1.3M** UK share allotment
- Nov 2024 **$504K** UK share allotment
- May 2023 **$1.5M** UK share allotment

## Founders and team

From Carbogenics's own website: 2 founders, 5 on the team.

**Edward Craig** Co-Founder & CEO

**Lidia Krzynówek** Co-Founder & COO

- **Dr. Loïc de Carvalho** Head of R&D & Consulting
- **Dr Marco Lizzul** Sales Director
- **Dr. Leah Herrgen** Research & Innovation Manager
- **Ewan Ward** Junior Scientist
- **Karolina Mąka** Biotechnologist & Labs Manager

Advisers *Sydney Lienemann*

## 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** 2023 **Venture** 2024 **Venture** 2026 [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) [Green Angel Ventures](https://millionrounds.com/fund/green-angel-ventures) [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital)

## Everyone who backed them

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **2** rounds

[Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) Government **2** rounds

[Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) VC firm **1** round

[Green Angel Ventures](https://millionrounds.com/fund/green-angel-ventures) Angel network **1** round

[Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) VC firm **1** round

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

## Also claim to have backed them

These 4 firms list Carbogenics 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.

[Dangerous Ventures](https://millionrounds.com/fund/dangerous-ventures) VC firm Per its own site

[Green Angel Syndicate](https://millionrounds.com/fund/green-angel-syndicate) VC firm Per its own site

[Kaplak](https://millionrounds.com/fund/kaplak-ventures) Accelerator Per its own site

[SURREY INVESTORS CLUB LIMITED](https://millionrounds.com/fund/surrey-investors-club-limited) Angel network Per its own site

## Quick answers about Carbogenics

### Who invested in Carbogenics?

Carbogenics's investors include Innovate UK, Scottish Enterprise, Techstart Ventures, Green Angel Ventures and Old College Capital Lp.

### How much has Carbogenics raised?

Carbogenics has raised $5.0M across 3 rounds since 2023.

### When did Carbogenics last raise?

Carbogenics's most recent round was a Venture of $2.9M in Jan 2026.

### What was Carbogenics's biggest round?

Its most recent round, $2.9M in Jan 2026, is also its largest on record.

### Who backed Carbogenics first?

Carbogenics's first round on record, in Dec 2024, was backed by Innovate UK, Scottish Enterprise and Techstart Ventures and 1 others.

### What stage is Carbogenics at?

Carbogenics's latest named round is a Venture, in Jan 2026.

### Where is Carbogenics based?

Carbogenics is based in the United Kingdom.

## Companies like Carbogenics

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

[**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**Dragonfly Advanced Materials** $2.0M · Sept 2026](https://millionrounds.com/company/dragonfly-advanced-materials)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**Myriad Wind Energy Systems** $1.8M · Sept 2026](https://millionrounds.com/company/myriad-wind-energy-systems)[**RheEnergise** $6.3M · Sept 2026](https://millionrounds.com/company/rheenergise)[**Rightcharge** $1.4M · Sept 2026](https://millionrounds.com/company/rightcharge)

## Find investors like these

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