When was UP Catalyst founded?

UP Catalyst was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Where is UP Catalyst located?

UP Catalyst is headquartered in Tallinn, Estonia.

Which legal entities is UP Catalyst associated with?

UP Catalyst is associated with Up Catalyst Oü.

How many employees does UP Catalyst have?

As of Jun 30, 2026, the latest employee count at UP Catalyst is 45.

Is UP Catalyst a funded company?

UP Catalyst is a funded company, having raised a total of $7.5M across 8 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2022.

When was the latest funding round of UP Catalyst?

UP Catalyst's latest funding was a €***** Venture Debt round on Apr 09, 2025, with participation from 1 investor.

Where does UP Catalyst rank among its competitors?

UP Catalyst ranks 1st amongst 144 active competitors, of which 15 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was UP Catalyst, which secured an undisclosed amount in Apr, 2025.

Who are the top competitors of UP Catalyst?

UP Catalyst's top competitors include Birla Carbon, Epsilon Carbon and Phillips Carbon Black. Among them, UP Catalyst secured the most recent funding round in April, 2025.

UP Catalyst - 2026 Company Profile, Team, Funding & Competitors

UP Catalyst is a seed company based in Tallinn (Estonia), founded in 2019 by Ivar Kruusenberg. It operates as a Provider of carbon nanomaterials sourced from waste biomass. UP Catalyst has raised $7.5M in funding from investors like SmartCap, Warsaw Equity Group and Sunly. The company has 144 active competitors, including 15 funded and 14 that have exited. Its top competitors include companies like Birla Carbon, Epsilon Carbon and Phillips Carbon Black.

Company Details

Provider of carbon nanomaterials sourced from waste biomass. It utilizes waste biomass and existing CO2 in the atmosphere to turn them into carbon nanomaterials such as graphene, graphite, carbon nanofibers, and spherical carbon. Its use cases are in applications like green advanced battery technologies and biomedicine.

Website: upcatalyst.com
Social
Email ID: *****@upcatalyst.com
Phone Number: +372 **********

Key Metrics

Founded Year

2019

Location

Tallinn, Estonia

Stage

Seed

Total Funding

$7.5M in 8 rounds

Latest Funding Round

Venture Debt, Apr 09, 2025, €*****

Investors

SmartCap & 14 more

Ranked

1^st among 144 active competitors

Employee Count

45 as on Jun 30, 2026

Similar Companies

Birla Carbon & 46 more

View UP Catalyst's full profile

UP Catalyst is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Up Catalyst Oü CIN: 14798378 , Estonia, Active		€0 - €1M (As on Dec 31, 2023)	37 (As on Sep 30, 2024)

UP Catalyst has raised a total funding of $7.5M over 8 rounds. Its first funding round was on 2022. Its latest funding round was a Venture Debt round on Apr 09, 2025 for €*****. 1 investor participated in its latest round. UP Catalyst has 10 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of UP Catalyst:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 09, 2025	6215982	Venture Debt	6843922	7119238	1536098	9934500
Aug 21, 2024	2402702	Seed	8349234	5018975	4926862	7146512
Dec 05, 2023	6834235	Seed	7260024	8584292	Extantia	SmartCap & 4 more

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View details of UP Catalyst's funding rounds and investors

The founders of UP Catalyst is Ivar Kruusenberg.

Here are the details of UP Catalyst's key team members:

Ivar Kruusenberg: Co-Founder of UP Catalyst.
Contact Info: 1 email address

View details of UP Catalyst's Founder profiles and Board Members

UP Catalyst's employee count trend

UP Catalyst has 45 employees as of Jun 26. Here is UP Catalyst's employee count trend over the years:

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Top competitors of UP Catalyst include Birla Carbon, Epsilon Carbon and Phillips Carbon Black. Here is the list of Top 10 competitors of UP Catalyst, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UP Catalyst 2019, Tallinn (Estonia), Seed	Provider of carbon nanomaterials sourced from waste biomass	$7.5M	European Investment Bank, MassChallenge & 13 others	54/100
2nd	Birla Carbon 1988, Mumbai (India), Public	Manufacturer of carbon black additives	-	One Equity Partners	54/100
3rd	Epsilon Carbon 2010, Mumbai (India), Funding Raised	Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives	-	Standard Chartered & 1 others	52/100
4th	Phillips Carbon Black 1960, Kolkata (India), Public	Manufacturer and provider of carbon black	-	-	47/100
5th	Orion Engineered Carbons 2011, Niederanven (Luxembourg), Public	Producer and suppliers of carbon black	-	Royce Investment Partners, BAFA & 2 others	47/100
6th	Sonata Scientific 2017, Danbury (United States), Funding Raised	Provider of light-activated anti-microbial nanomaterials	-	Connecticut Innovations, America’s Seed Fund ... & 1 others	45/100
7th	Nanografi Nanotechnology 2011, Ankara (Turkey), Funding Raised	Develop and produce nano-particles, carbon nano-tubes (CNT) and CNT based products.	-	Europa, Odtuteknokent & 1 others	45/100
8th	Glo-USA 2003, Sunnyvale (United States), Acquired	Nanotechnology based LED technology provider	$161M	Teknoinvest, Wellington Partners Venture Capital ... & 9 others	44/100
9th	Cancrie 2020, Jaipur (India), Seed	Developer of nanocarbon material from waste for energy storage devices	$1.32M	Roots Ventures, SAGANA & 3 others	44/100
10th	Advanced Nano 2000, Seoul (South Korea), Public	Manufactures Nano Material for display, printed electronics, semicondustors and others	-	Magna, Innopolis Partners & 2 others	43/100