About UP Catalyst
UP Catalyst is a company based in Tallinn (Estonia) founded in 2019 by Ivar Kruusenberg.. UP Catalyst has raised $7.5 million across 8 funding rounds from investors including Sunly, European Investment Bank and Warsaw Equity Group. UP Catalyst offers products and services including Carbon Nanotubes, Graphite, Carbon Black, and Hard Carbon. UP Catalyst operates in a competitive market with competitors including Jacobi Carbons, Birla Carbon, Cancrie, CarbonX and Orion Engineered Carbons, among others.
- Headquarter Tallinn, Estonia
- Founders Ivar Kruusenberg
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Sectors
TechnologyChemicals & Materials
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Up Catalyst Oü
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.5 M (USD)
in 8 rounds
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Latest Funding Round
$19.8 M (USD), Debt – Conventional
Apr 09, 2025
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Investors
Sunly
& 9 more
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Employee Count
Employee Count
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Products & Services of UP Catalyst
UP Catalyst offers a comprehensive portfolio of products and services, including Carbon Nanotubes, Graphite, Carbon Black, and Hard Carbon. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Utilizes CO₂ to produce multi-walled nanotubes for enhanced material properties.
Sustainable graphite from CO₂ for energy storage and high-purity applications.
CO₂-derived carbon black for mechanical and electrical enhancements in products.
Produced from biomass waste for high-purity energy storage solutions.
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Funding Insights of UP Catalyst
UP Catalyst has successfully raised a total of $7.5M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $19.8 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $19.8M
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First Round
First Round
(20 Apr 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Debt – Conventional - UP Catalyst | Valuation |
investors |
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| Aug, 2024 | Amount | Seed - UP Catalyst | Valuation | Warsaw Equity Group , SmartCap |
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| Dec, 2023 | Amount | Seed - UP Catalyst | Valuation | Extantia |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in UP Catalyst
UP Catalyst has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Sunly, European Investment Bank and Warsaw Equity Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Growth equity investments are made in innovative B2B tech companies.
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Founded Year | Domain | Location | |
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Extantia is focused on investing in climate technology pioneers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by UP Catalyst
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UP Catalyst
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Up Catalyst Comparisons
Competitors of UP Catalyst
UP Catalyst operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jacobi Carbons, Birla Carbon, Cancrie, CarbonX and Orion Engineered Carbons, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality activated carbons are manufactured from coconut shells.
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| domain | founded_year | HQ Location |
Manufacturer of carbon black additives
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| domain | founded_year | HQ Location |
Nanocarbon materials for energy storage solutions are developed.
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| domain | founded_year | HQ Location |
Nanosized carbon structures are manufactured from filament-based networks.
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| domain | founded_year | HQ Location |
Producer and suppliers of carbon black
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Up Catalyst
Frequently Asked Questions about UP Catalyst
When was UP Catalyst founded?
UP Catalyst was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is UP Catalyst located?
UP Catalyst is headquartered in Tallinn, Estonia.
Is UP Catalyst a funded company?
UP Catalyst is a funded company, having raised a total of $7.5M across 8 funding rounds to date. The company's 1st funding round was a Seed of $4.34M, raised on Apr 20, 2022.
What does UP Catalyst do?
UP Catalyst was founded in 2019 in Tallinn, Estonia, and operates in the carbon nanomaterials sector. Waste biomass and atmospheric CO2 are converted into materials such as graphene, graphite, carbon nanofibers, and spherical carbon. These nanomaterials support applications in green battery technologies and biomedicine, with production processes emphasizing sustainable sourcing.
Who are the top competitors of UP Catalyst?
UP Catalyst's top competitors include Cancrie, Jacobi Carbons and CarbonX.
What products or services does UP Catalyst offer?
UP Catalyst offers Carbon Nanotubes, Graphite, Carbon Black, and Hard Carbon.
Who are UP Catalyst's investors?
UP Catalyst has 10 investors. Key investors include Sunly, European Investment Bank, Warsaw Equity Group, SmartCap, and Extantia.
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