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Nantek

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Specializes in energy generation and environmentally-friendly products from mixed-plastic waste for industrial applications

Erandio, SpainFounded 2019Energy
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
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About Nantek

Nantek is a Spanish company operating in the renewable energy and recycling sectors, focused on converting plastic waste into valuable resources for the energy and petrochemical industries. The company was founded in 2019 by Carlos Uraga and Mikel Azcona, following research into the potential of nanoelements in pyrolysis, the process of transforming plastic into petrochemical products. Uraga, an industrial engineer, began exploring this technology during his final career project, eventually leading to the creation of Nantek.

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The company's core business revolves around a proprietary chemical process that transforms non-recyclable plastic waste into second-life products like pyrolysis oil, hydrogen, and methane. This process can handle mixed and unwashed plastics, eliminating the need for costly sorting and preparation, which gives it an advantage over other technologies. Nantek's business model involves selling this pyrolysis oil to refineries, which then convert it into fuels for automotive, marine, or heating applications. The company's clients are primarily in the oil and gas industry, and it is working on becoming a certified supplier for this sector.

Nantek has developed a unique reactor design and uses specific reagents to enhance the conversion ratio of plastic to fuel by approximately 15-20% compared to conventional pyrolysis methods. This thermochemical process is a closed cycle with no emissions, as non-condensable gases are recirculated to heat the reactor. The company is scaling its operations with the construction of a plant in the port of Bilbao, designed to process 25,000 tons of plastic waste annually. This facility represents a key step in their plan for international expansion, with a focus on Europe and the United States. Nantek has received recognition for its work, including the EmprendedorXXI Award.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Erandio, Spain
Employees
6
Open positions
None listed
Dealroom signal
66.5/100
Industry
Energy
Sub-industry
Waste Solution
Sector
Energy, Recycling, Plastic, Waste Reduction, Sustainable Development Goals, Plastic Pollution, Climate Tech, Circular Economy
Business model
Manufacturing
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Nantek.

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Jan 2020 $30K Basque Government
GRANTOther financing Jan 2020 $54K Provincial Council of Bizkaia
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024
2023
2022
2021
2020
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Growth signals

Nantek website traffic

Latest recorded traffic for Nantek is 780 monthly website visits, up 23.8% over the last three months. Nantek's team grew 20% over the past year.

Latest monthly visits780 3-month web change+23.8% 1-year team growth+20%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Basque Government
  • Provincial Council of Bizkaia

Other known investors6 additional known investors

  • BIC Bizkaia
  • BEAZ
  • BIND - Basque Open Innovation Platform
  • Q-Branch
  • Seed Capital Bizkaia
  • Yago Arbeloa
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇪🇸 Spain · Erandio HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nantek on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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