Albotherm raise £1.6M to further develop their low carbon cooling technology
Summary
The proprietry technology can be applied to windows and greenhouses, reversibly transitioning from opaque to transparent, providing shade in high heat and allowing sunlight through at lower temperatures. Albotherms technology has significant implications first in the farming sector, improving crop yield by 34% and increasing food productivity, as well as providing a much-need sustainable solution to temperature regulation of commercial buildings.The \xa31.6M investment round was led by Green Angel Syndicate and supported by Oxford Innovation Finance, Bristol Private Equity Club, Cambridge Angels, Cambridge Agritech, and Science Angels Syndicate, along with a \xa3500k Innovate UK grant. Their relentless dedication, combined with a unique blend of visionary thinking and pragmatic execution, has propelled Albotherm into a remarkable phase of growth. We are excited to see them continuing to drive transformative changes, foster innovation, and deliver sustainable solutions that will make a profound impact in their industry.Albotherm is a Spin Up Science Ventures portfolio company, where the SUSV team have worked closely with Molly and Sian providing support and mentorship since the company was incorporated in 2020, through spinning out, launching their venture and securing a total of almost \xa32M in investment.SUSV is a venture studio designed to support academic teams to spinout technologies with the potential to improve the health and security of people and the planet. SUSV works alongside founders from initial idea to first investment, to develop entrepreneurial skills, discover market need, and launch spinout ventures.Find out more about Albotherm on their website or follow them on LinkedIn.You can find out more about Spin Up Science Ventures here.