Estonia · Venture startup

Who invested in UP Catalyst

2 rounds we have observed, with the 2 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 TechEnergyEngineering

Raised 8 months ago

Funding summaryUpdated 15 Nov 2026

$20Mraised across 2 rounds since 2025, from 2 sources

Latest round
VentureApr 2026
Biggest round
$20MDebt · Apr 2025
Investors
2
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.

2026
$20MDebt?Venture
First round
Debt, $20M
Apr 2025
Biggest round
$20M
Debt · Apr 2025
Between rounds
12 months
from the last two

The rounds

  1. Apr 2026
    VentureAmount undisclosed1 new1 returning

    Source recorded

  2. Apr 2025
    Debt$20M1 new

    Reported by TechStartups

Founders and team

From UP Catalyst's own website: 1 founder, 5 on the team.

Dr. Gary UrbCo-founder of UP Catalyst
  • Rait MaasikasCEO/CFO
  • Sebastian PohlmannCTO
  • Teele NiidasCOO
  • Ann LaheäärHead of Product Applications & Grants
  • Einar KaruVP of Technology

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.

Everyone who backed them

European Investment BankGovernment2rounds
EIC AcceleratorGovernment1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list UP Catalyst 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.

SmartCapVC firmPer its own site
Little Green FundVC firmPer its own site

Quick answers about UP Catalyst

Who invested in UP Catalyst?

UP Catalyst's investors include European Investment Bank and EIC Accelerator.

How much has UP Catalyst raised?

UP Catalyst has raised $20M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

When did UP Catalyst last raise?

UP Catalyst's most recent round was a Venture in Apr 2026.

What was UP Catalyst's biggest round?

UP Catalyst's largest round on record is $20M (Debt), in Apr 2025.

Who backed UP Catalyst first?

UP Catalyst's first round on record, in Apr 2025, was backed by European Investment Bank.

What stage is UP Catalyst at?

UP Catalyst's latest named round is a Venture, in Apr 2026.

Where is UP Catalyst based?

UP Catalyst is based in Estonia.

Companies like UP Catalyst

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