Barocal
Cambridge, United Kingdom
◆ Total Raised
$19.2M
◆ Stage
seed
◆ Location
Cambridge, United Kingdom
◆ Founded
2019
◆ Team size
1-10
◆ Links
◆ About Barocal
Cambridge spin-out developing refrigerant-free heating and cooling technology.
◆ What sets it apart
Barocal's organic barocaloric materials enable refrigerant-free, solid-state heating and cooling that is up to three times more energy efficient than conventional systems, eliminating high-GWP gases.[1][3]
◆ Sectors
◆ Business
Modelhardware
CustomerHVAC industry, data centers, refrigeration, and home cooling sectors
◆ Notable
- Raised €8.5 million ($10M) seed round in May 2026 led by World Fund and Breakthrough Energy Discovery
- Sole European finalist in the Global Cooling Prize in 2019
- Won $1 million gold TERA-Award in July 2025
- Secured £1.3 million investment in 2022 led by IP Group
◆ Backing funds on Raise
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does Barocal do?
Cambridge spin-out developing refrigerant-free heating and cooling technology.
Where is Barocal based?
Barocal is based in Cambridge, United Kingdom, founded in 2019.
How much has Barocal raised?
Barocal has raised $19.2M in tracked funding and is currently at the seed stage.
Who has invested in Barocal?
Investors in Barocal include World Fund, Breakthrough Energy Discovery, IP Group (Kiko Ventures) and Cambridge Enterprise.