In the UK, OXCCU, the Oxford University spin-out developing a one-step process to convert waste carbon into SAF, has raised $28 million in an oversubscribed Series B funding round.
The round includes new investors Orlen VC, Safran Corporate Ventures, International Airlines Group (IAG), Hostplus, and TCVC, alongside continued support from existing backers Clean Energy Ventures, IP Group/Kiko Ventures, Aramco Ventures, Eni Next, Braavos Capital, and the University of Oxford.
This new capital will enable OXCCU to accelerate its commercialization efforts, expand its operations, and advance its next phase of technology scale-up. It builds on the launch of the company’s OX1 demonstration plant at London Oxford Airport in 2024. Their second demonstration plant, OX2, is underway and will be fully operational in 2026.
“In a market where capital is tight and investors are rightly selective, this raise is a testament to the strength of our science, the clarity of our mission, and the urgency of the problem we’re solving,” said Andrew Symes, CEO of OXCCU. “What we’re seeing is that serious players with truly distinctive technologies are still getting funded.”
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