• Target

    £3,000,000

  • Type

    Equity

  • Close Date

    Nov 29 2019

  • Status

    Closed

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

Nova Pangaea Technologies

Nova Pangaea Technologies (NPT) has developed a technology for replacing fossil fuel with biomass waste using only heat and steam.

Investment closes only once the total pledged amount passes the minimum of £1,060,000

Total Pledged: £2,306,712
Max

£3,000,000

£

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

Nova Pangaea Technologies (NPT) has developed Refnova®, a technology that directly addresses one of the largest challenges affecting the energy and petrochemical sectors: the quest to achieve the effective, efficient and profitable conversion of non-food biomass into liquid fuels and useful chemicals. Refnova® is a continuous, staged, progressive, process. Using only physical and thermochemical steps, Refnova has been specifically designed to enable the complete fractionation of lignocellulosic materials into their constituent parts, generating valuable sugars for fuels and platform chemicals.

The company was founded on the conviction of the process inventor that a purely physical and thermochemical continuous process should be possible for progressively and completely fractionating biomass waste into its constituent high value components.

At the opening of this offer NPT already had a commitment of £1.5M from the Northern Powerhouse Investment Fund (NPIF). This was originally made subject to £1.06M being raised first, but in light of the good progress made with the offer, NPIF  released their funds in August, enabling the conversion of the £756K of pledges received by then into actual investment and thus exceeding Envestors’ own initial limit of £1.06M. The offer now remains open till mid-December with the objective of raising the remainder of the £3.0m. However, new pledges made will be expected to convert to investment immediately following completion of the cooling off period rather than waiting till a later closing date. 

C5 step
Deal Manager avatar

Deal Manager
Sonal Shah

  • Sector: Environmental / Green
  • Region: UK: North-East
  • Stage: Early Stage - some revenues, pre-profit
  • Eligible Tax: EIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £6,500,000
  • Share Price: £14.33
  • Originator: Envestors
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Originator


Originator: Envestors

Investment Focus: Equity and Debt

About: Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing an average of £42,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding.

Contact Name: Oliver Woolley

  • Registered Investors
    Over 1000
  • Investment through platform
    Over £100m