Metal-organic frameworks tech secures £8m Series A investment

The investment into Promethean Particles was led by Mercia Ventures and Aramco Ventures, with participation from existing investors including the Midlands Engine Investment Fund I, Nottingham University, TSP Ventures, and the East Midlands Early Growth Fund.

MOFs are a class of materials composed of metal ions interconnected by organic molecules to form a porous, lattice-like structure. Their architecture gives them an exceptionally high surface area and customisable pore sizes, which allows them to trap and store gases and liquids. This makes MOFs highly effective for applications such as gas storage and separation, carbon capture, and catalysis.

In a statement, James Stephenson, CEO of Promethean, said. “It is increasingly evident that a viable carbon capture solution is required to help mitigate the effects of climate change. MOFs show significant promise as a technological solution and Promethean’s manufacturing technology enables their production at unprecedented scale and cost-effectiveness. I couldn’t be prouder of the Promethean team for all that they have accomplished to help make this investment a reality.”