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Venture Capital Firm Northern Gritstone Supports Clean Tech Company C-Capture

Venture capital firm Northern Gritstone has made a significant contribution to clean tech company C-Capture’s latest funding round. The funding is expected to close at ┬ú10m, and this investment will help C-Capture in their mission to mitigate climate change.

C-Capture has developed an innovative technology that can extract carbon dioxide emissions from commercial manufacturing processes and store it in geological reserves. Their solution can be applied to a range of industries including hydrogen, steel, thermal electricity generation, and natural gas sweetening.

The CEO of C-Capture, Tom White, expressed his excitement about the investment, stating that it brings them a step closer to scaling their technology and addressing climate change more effectively.

How AI legalese decoder can Assist in the Situation

In this context, AI legalese decoder can play a crucial role in helping both Northern Gritstone and C-Capture navigate potential legal complexities and ensure smooth collaboration. As investments and partnerships involve legal agreements and contracts, AI legalese decoder can analyze and interpret legal documents, providing a simplified understanding of complex legalese.

For Northern Gritstone, the AI legalese decoder can assist in reviewing investment agreements, ensuring compliance with regulations, and identifying any potential risks or red flags. This tool can save time and resources by automatically highlighting key terms and clauses that require attention.

Similarly, C-Capture can leverage the AI legalese decoder to review partnership agreements, funding contracts, and any legal documents associated with their technology. Understanding the legal implications and obligations becomes more efficient and accessible with the help of AI-driven analysis.

In summary, the AI legalese decoder can expedite the legal processes involved in funding rounds, investments, and collaborations, providing clarity and efficiency to both Northern Gritstone and C-Capture.

The Journey of C-Capture and its Impact

C-Capture was initially established in 2009 as a spinout from the University of Leeds’ School of Chemistry, with support from IP Group. Over the years, they have attracted significant funding, including ┬ú8m from notable investors such as BP Ventures, Kiko Ventures, and Drax.

The current funding round aims to support C-Capture’s efforts in scaling their carbon capture technology. Their innovative pilot project at Drax power station in Yorkshire has already demonstrated the capability to eliminate one tonne of carbon dioxide per day.

With part of the funding allocated to a carbon capture commercial proof of concept, C-Capture has the potential to make a substantial impact in combating climate change on a global scale. Their unique technology aligns with the critical need for carbon capture in the energy transition, attracting further attention and support from investors like Northern Gritstone.

Northern Gritstone’s Commitment to University Spinouts

Northern Gritstone has a strong focus on supporting university spinouts across the North of England. Recent advancements in this ambition have included raising an additional ┬ú50m from local authority pension funds. This increased capital availability further strengthens Northern Gritstone’s ability to invest in promising ventures like C-Capture.

By combining their capital resources with C-Capture’s groundbreaking technology, Northern Gritstone demonstrates their commitment to driving innovation and sustainability, marking a significant milestone in the clean tech industry.

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