UK-based deep-tech company Viridi, which develops technology to turn captured carbon dioxide into chemicals, has raised £2.2 million in a funding round. The round brings TOP Ventures, the corporate venture capital arm of Thaioil, on board as a strategic investor. Odyssey Ventures led the round, with additional investment from Alphatron Impact Ventures and existing angel investors.
Viridi will use the new funding to scale up its technology, expand its team and support its growth in Asia and the US. The company aims to change how essential chemicals are manufactured by using captured carbon dioxide instead of fossil-based or palm-based materials. Its catalyst technology improves traditional chemical production processes, helping manufacturers increase efficiency and reduce costs.
The company’s technology is designed to work with existing manufacturing facilities and can be used to produce different types of chemicals. Its first major application is surfactants, which are widely used in household cleaning and personal care products. Viridi plans to expand into other areas of chemical manufacturing over time, with the long-term goal of reducing the industry’s dependence on fossil-based materials.
TOP Ventures, Thaioil’s corporate venture capital arm, will bring industrial knowledge and market experience to support Viridi’s growth. Thaioil operates in refining, petrochemicals and specialty chemicals, including the production of linear alkylbenzene (LAB) through LABIX. Its experience across the energy and chemicals industries could help Viridi expand its carbon-based surfactant technology in Asian markets.
Odyssey Ventures, a venture capital firm with offices in London and San Francisco, is an existing investor and board member of Viridi. The firm supports UK and European deep-tech companies looking to expand internationally and brings valuable experience and business connections in the US. Together, Odyssey’s US network and Thaioil’s industrial presence in Asia will help Viridi grow its technology and reach global markets.
Dr Daniel Stewart, CEO of Viridi, commented: “Having a strategic partner like TOP Ventures look closely at our technology, see its value and choose to back it at this stage is strong validation of what we’ve built. We’ll be working closely with them to deliver our technology to market, starting in Asia. With Odyssey Ventures supporting our growth in the US, we now have partners who can help us take CO2-based surfactants to the world.”
Vivat Wongnirund, Vice President-New S-Curve Business Development of Thaioil, said: “We have followed Viridi’s development since 2024 and have been impressed by its progress, particularly in CO2-based surfactants. The technology has been tested in real manufacturing environments and shows strong potential for integration into existing industrial operations. Viridi’s approach to using captured CO2 as an alternative carbon input is highly innovative. This investment gives Thaioil exposure to an emerging technology that fits our future growth strategy in disinfectants and surfactants. We see this technology supporting the future development of surfactant production in Asia and beyond.”
Ali Mitchell, Managing Partner, Odyssey Ventures, said: “Our commitment is to grow UK and European deep-tech companies that are solving some of the world’s most fundamental problems. Viridi is exactly that kind of company. Combined with a strategic investment from TOP Ventures, our support gives Viridi reach across both the US and Asia as it moves towards commercial deployment.”
ViridiCO2 is a UK-based deep-tech company that develops technology to make chemical production cleaner and more affordable. Its technology helps manufacturers reduce carbon emissions, improve production efficiency and use captured carbon dioxide (CO2) instead of fossil-based raw materials.
The company’s technology can work with existing manufacturing facilities, making it easier for businesses to adopt more sustainable production methods. ViridiCO2 focuses on making products such as surfactants, coatings, adhesives and polyols, which are used in everyday items and industrial applications.
