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.
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.
People of UP Catalyst
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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 |
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| 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 |
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.
| 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 |
Investments & Acquisitions by UP Catalyst
Financial Statements - UP Catalyst
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.
| 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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Frequently Asked Questions about UP Catalyst
UP Catalyst was founded in 2019 and raised its 1st funding round 3 years after it was founded.
UP Catalyst is headquartered in Tallinn, Estonia.
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.
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.
UP Catalyst's top competitors include Cancrie, Jacobi Carbons and CarbonX.
UP Catalyst offers Carbon Nanotubes, Graphite, Carbon Black, and Hard Carbon.
UP Catalyst has 10 investors. Key investors include Sunly, European Investment Bank, Warsaw Equity Group, SmartCap, and Extantia.