UP Catalyst raised 500 000 euros in their very first financing round. The funding will be used for accelerating production and developing the first scalable technology in the world to produce sustainable carbon materials from CO2 at industry sites.
UniTartu Ventures, a special purpose vehicle for investing in research and technology-intensive companies on behalf of the University of Tartu, made an investment in UP Catalyst by transferring intellectual property rights to UP Catalyst. The model of making an investment via intellectual property transfer is unique in Estonia. UniTartu Ventures hopes to scale the use of this model in the future.
Hedman assisted the client in setting up the model, preparing the necessary documents and negotiations.
UP Catalyst, a green technology startup founded in 2019, focuses on turning the harmful greenhouse gas CO2 into valuable carbon nanomaterials and graphite.
From Hedman, the client was advised by partners Toomas Seppel and Merlin Seeman, and senior associate Kati Pino.