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Promethean Particles

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Industrial-scale metal-organic frameworks for carbon capture

Nottingham, United KingdomFounded 2008Chemicals
Valuation $25–50M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Promethean Particles

Promethean Particles specializes in the development and large-scale manufacturing of metal-organic frameworks (MOFs). The company was founded in 2007 as a spin-out from the University of Nottingham, based on the research of Professor Ed Lester, who now serves as Chief Scientific Officer. Initially located at BioCity Nottingham, the company expanded and relocated in 2016 to its current site, which houses the world's largest continuous multi-material nanoparticle manufacturing plant. James Stephenson has been the CEO since 2020.

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The firm's core business revolves around its proprietary and patented continuous-flow manufacturing process. This technology overcomes historical barriers of cost and scalability associated with traditional batch production, enabling MOFs to be produced more quickly, consistently, and cost-effectively. This process allows Promethean to manufacture MOFs at an industrial scale, with a reactor production rate of up to 1,000 tonnes per year. The business model includes direct material sales, collaborative development projects with industrial partners, and feasibility services to assess the viability of new or existing MOF structures for large-scale production. The company primarily serves clients in sectors requiring advanced material solutions for energy and environmental applications.

Promethean's main products are MOFs, which are highly porous crystal structures with vast surface areas ideal for capturing and storing small molecules. Key applications for these materials include carbon capture, biogas upgrading, atmospheric water harvesting, and gas storage and separation. The company is particularly focused on using MOFs to create more energy-efficient and cost-effective carbon capture and storage (CCS) technologies compared to traditional methods. In August 2024, the company secured an £8 million Series A funding round led by Mercia Ventures and Aramco Ventures to expand manufacturing capacity and accelerate the commercialization of its MOF-based technologies.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Nottingham, United Kingdom
Employees
33
Open positions
3
Dealroom signal
79.3/100
Sector
Chemicals, Spinout, Nanomaterials, Sustainable Development Goals, Carbon Capture and Storage, Industrial Technology, Advanced Materials, Climate Tech, Point Source
Technology
Hardware, 3D Technology, Deep Tech, Nanotech
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Aug 2024 $11M $42M University of Nottingham · Mercia Asset Management · Aramco Ventures · British Business Bank ↗
EARLY VCOther financing Oct 2022 $2M $7.9M TSP Ventures · British Business Bank · Foresight Group ↗
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Growth signals

Promethean Particles website traffic

Latest recorded traffic for Promethean Particles is 3.5K monthly website visits, up 25% over the last three months. Promethean Particles's team grew 17.9% over the past year.

Latest monthly visits3.5K 3-month web change+25% 1-year team growth+17.9%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

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

Seed1 investor entered at this stage

  • Foresight Group

Series A5 investors entered at this stage

  • TSP Ventures
  • British Business Bank
  • Mercia Asset Management
  • Aramco Ventures
  • University of Nottingham

Other known investors3 additional known investors

  • Mercia Ventures
  • Minerva Business Angel Network
  • Nottingham Technology Ventures
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Promethean Particles 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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