COMPANY PROFILE

Barocal

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Solid-state barocaloric cooling without refrigerant gases

Cambridge, United KingdomFounded 2019Energy

Valuation $25–50M Last recorded · 2026

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Barocal

Barocal is a University of Cambridge spin-out founded in 2019 by materials researcher Prof. Xavier Moya to commercialise solid-state heating and cooling based on barocaloric materials—pressure-driven phase changes in organic plastic crystals that replace high-GWP vapour-compression refrigerants with a more efficient, gas-free platform aimed at data-centre cooling, commercial refrigeration and broader HVAC. After earlier equity including a £1.3 million seed with IP Group and Cambridge Enterprise (and a separate EIC Accelerator grant), Barocal raised a $10 million (€8.6 million) Seed round in May 2026 led by World Fund, with Breakthrough Energy Discovery, Cambridge Enterprise Ventures and IP Group, to hire senior talent and accelerate commercialisation. Sources: Cambridge Enterprise 5 May 2026; TechCrunch; FinSMEs.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2019
Headquarters: Cambridge, United Kingdom
Employees: 16
Open positions: None listed
Dealroom signal: 91.9/100
Industry: Real Estate
Sub-industry: Energy Efficiency, Construction
Sector: Energy, Spinout, Sustainable Development Goals, Urban Tech, EIC, Climate Tech, Building Energy Efficiency, Green Buildings
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SEED✓Equity / VC	May 2026	$10M	$40M	IP Group · World Fund · Cambridge Enterprise Ventures · Breakthrough Energy Ventures	↗
SEED✓Equity / VC	Dec 2025	$8.9M	$35M	Undisclosed	↗

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Growth signals

Barocal website traffic

Latest recorded traffic for Barocal is 860 monthly website visits, up 160.6% over the last three months. Barocal's team grew 128.6% over the past year.

Latest monthly visits860 3-month web change+160.6% 1-year team growth+128.6%

Monthly website visitsJun 2023–Jun 2026

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