# CARNOT funding: rounds and investors > CARNOT has raised $7.1M across 8 rounds since 2022. Investors include Crowdcube, Startupbootcamp and ANRI. Every round with its source. Source: https://millionrounds.com/company/carnot (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Pre-seed startup](https://millionrounds.com/companies) # Who invested in *CARNOT* 8 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 9 months ago Funding summary Updated 26 Oct 2026 **$7.1M** raised across 8 rounds since 2022, from 8 sources **$898K** Round **$1.2M** Grant **$614K** Pre-seed **$426K** Round **$134K** Round **$634K** Round **$440K** Round **$2.7M** Round - **Latest round:** Round, $2.7M Feb 2026 - **Step-up i:** 6.2× - **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. 2022 2023 2024 2025 2026 **$898K** Round **$1.2M** Grant **$614K** Pre-seed **$426K** Round **$134K** Round **$634K** Round **$440K** Round **$2.7M** Round - **First round:** Round, $898K - **Biggest round:** $2.7M - **Usual gap between rounds:** 5 months ## The rounds - **Feb 2026** Round **$2.7M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Aug 2025** Round **$440K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jun 2024** Round **$634K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Mar 2024** Round **$134K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Oct 2023** Round **$426K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jul 2023** Pre-seed **$614K** *2 new* [ANRI](https://millionrounds.com/fund/anri) [Deepcore](https://millionrounds.com/fund/deepcore) Source recorded - **Feb 2023** Grant **$1.2M** *3 new* [Crowdcube](https://millionrounds.com/fund/crowdcube) [Startupbootcamp](https://millionrounds.com/fund/startupbootcamp-2) [Startupbootcamp Australia](https://millionrounds.com/fund/startupbootcamp-australia) Source recorded - **Jan 2022** Round **$898K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators CARNOT filed 8 raises, $6.0M in all. Filings say how much was sold and to how many investors; they never name the investors. - Feb 2026 **$2.7M** UK share allotment - Aug 2025 **$440K** UK share allotment - Jun 2024 **$634K** UK share allotment - Mar 2024 **$134K** UK share allotment - Oct 2023 **$426K** UK share allotment - Jan 2023 **$557K** UK share allotment - Nov 2022 **$200K** UK share allotment - Jan 2022 **$898K** UK share allotment ## Founders and team From CARNOT's own website: 3 founders. **Archie Watts-Farmer** CEO & Co-Founder **Nadiur Rahman** COO & Co-Founder **Francis Lempp** CBO & Co-Founder ## 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** 2023 **Pre-seed** 2023 **Round** 2023 **Round** 2024 **Round** 2024 **Round** 2025 **Round** 2026 [Crowdcube](https://millionrounds.com/fund/crowdcube) [Startupbootcamp](https://millionrounds.com/fund/startupbootcamp-2) [ANRI](https://millionrounds.com/fund/anri) [Deepcore](https://millionrounds.com/fund/deepcore) [Startupbootcamp Australia](https://millionrounds.com/fund/startupbootcamp-australia) ## Everyone who backed them [Crowdcube](https://millionrounds.com/fund/crowdcube) VC firm **1** round [Startupbootcamp](https://millionrounds.com/fund/startupbootcamp-2) Accelerator **1** round [ANRI](https://millionrounds.com/fund/anri) VC firm **1** round [Deepcore](https://millionrounds.com/fund/deepcore) VC firm **1** round [Startupbootcamp Australia](https://millionrounds.com/fund/startupbootcamp-australia) Accelerator **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=carnot). ## Quick answers about CARNOT ### Who invested in CARNOT? CARNOT's investors include Crowdcube, Startupbootcamp, ANRI, Deepcore and Startupbootcamp Australia. ### How much has CARNOT raised? CARNOT has raised $7.1M across 8 rounds since 2022. ### When did CARNOT last raise? CARNOT's most recent round, $2.7M, was in Feb 2026. ### What was CARNOT's biggest round? Its most recent round, $2.7M in Feb 2026, is also its largest on record. ### Who backed CARNOT first? CARNOT's first round on record, in Feb 2023, was backed by Crowdcube, Startupbootcamp and Startupbootcamp Australia. ### What stage is CARNOT at? CARNOT's latest named round is a Pre-seed, in Jul 2023. ### Where is CARNOT based? CARNOT is based in the United Kingdom. ## Companies like CARNOT 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 Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app