BGF, one of the UK’s most active investor in small and medium-sized businesses, has announced a £3.4m investment in Nuada, a leading provider of carbon capture technology.
The investment will be used to help Nuada to scale up its operations and commercialise its technology.
Nuada was founded in 2019 by Dr Conor Hamill and Dr Jose Casaban.
The company’s technology is a breakthrough in the field of carbon capture. It is a heatless process that removes carbon dioxide from industrial off-gases. This makes it much cheaper and more efficient than traditional carbon capture technologies.
Nuada’s technology has the potential to make a significant contribution to the fight against climate change. It could be used to decarbonise a wide range of industries, including the power, steel, and cement industries.
The investment from BGF is a major vote of confidence in Nuada’s technology.
The funding will help the company to scale up its operations and commercialise its technology. This will enable Nuada to bring its technology to market and help to decarbonise the global economy.
Here are some of the key benefits of the investment for Nuada:
- Access to BGF’s network and expertise: BGF has a strong network of contacts in the business community. This will help Nuada to raise awareness of its technology and attract new customers.
- Financial resources: The investment from BGF will provide Nuada with the financial resources it needs to scale up its operations and commercialise its technology.
- Strategic guidance: BGF has a team of experienced investment professionals who can provide strategic guidance to Nuada’s management team. This will help Nuada to achieve its growth goals.
The investment from BGF is a major milestone for Nuada. The funding will help the company to bring its technology to market and help to decarbonise the global economy.
