2026-05-04
Barocal raises $10M Seed
Cambridge-based Barocal raised $10M (€8.5M) in a Seed round with World Fund, Breakthrough Energy Discovery, Cambridge Enterprise Ventures, and IP Group.
Round at a Glance
| Company | Barocal |
| HQ | Cambridge, United Kingdom |
| Amount | $10M |
| Round | Seed |
| Date | 2026-05-04 |
| Valuation | Not disclosed |
| Total Disclosed Funding | Not disclosed |
Company Snapshot
Barocal is a United Kingdom-based cooling and heating technology company. According to the company's public materials, the product helps users with refrigerant-gas-free, solid-state heating and cooling using barocaloric materials, with initial applications in data centre cooling and commercial refrigeration.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| World Fund | Germany | Participant |
| Breakthrough Energy Discovery | United States | Participant |
| Cambridge Enterprise Ventures | United Kingdom | Participant |
| IP Group | United Kingdom | Participant |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| World Fund | Seed | Germany |
| Breakthrough Energy Discovery | Seed | United States |
| Cambridge Enterprise Ventures | Seed | United Kingdom |
| IP Group | Seed | United Kingdom |
Total disclosed funding: Not disclosed.
Sources
- https://www.eu-startups.com/2026/05/cambridge-spin-out-barocal-raises-e8-5-million-seed-round-for-refrigerant-free-heating-and-cooling-tech/
- https://www.globenewswire.com/news-release/2026/05/04/3286855/0/en/barocal-raises-10m-to-disrupt-century-old-cooling-industry-with-breakthrough-materials-technology.html
- https://www.finsmes.com/2026/05/barocal-raises-10m-in-seed-funding.html