UCD spin-out PlasmaBound completes €2.35m funding round
News and Events
- SBFE research fellow Xiaohui Lin receives the MSCA DOROTHY COFUND award
- Upskill with UCD’s engineering micro-credentials
- Minister O’Donovan announces funding boost for early career researchers
- Recent Lab visit by UCD Engineering & Architecture to Sheffield University Diamond Centre
- UCD Stormwater Runoff Research featured in Nicola Haines Team
- Madeleine Lowery among UCD Researchers recognised in SFI Frontiers for the Future Awards
- UCD’s LaNua Medical Wins Big Ideas Award at Enterprise Ireland’s Start-Up Day 2024
- Robotics Competition
- Congratulations to All the Winners of this years NovaUCD Awards
- Irish National Doctoral Research Cohort on Floating Offshore Wind Dynamic Cables is formed
- UCD and Northeastern University extend and deepen long-standing partnership with five collaborative research projects
- EPA announces €14.3M in new research funding
- Arup Scholarship Awards 2024
- UCD names new Vice-President for Equality, Diversity and Inclusion
- Project promoting safe staffing in the healthcare system wins UCD Research Impact Competition
- VOICE Project Launches to Shape Tomorrow's Sustainability
- Archives
- 2023 News Archive
- 2022 News Archive
- Arup Scholarship Presentation 2022
- UCD wins Higher Education Partnership of the Year Award at the Asia Matters Business Awards
- Dr Amiya Pandit wins the Thomas Mitchell Medal
- Prestigious award for UCD team tackling stillbirth prevention
- Major milestone on Ireland’s journey into space
- RIBA Stirling Prize 2022
- University College Dublin Engineering Spin-out Shortlisted for Ireland Leg of the 2022 KPMG Global Tech Innovator Competition
- Irish Government invests in 47 projects to engage and inspire the public about STEM
- Irish-led international education project to grow understanding of the bioeconomy in society
- €16m energy system research partnership to decarbonise energy sector
- UCD spin-out PlasmaBound completes €2.35m funding round
- Home retrofits may need to be re-done in ten years, Oireachtas committee hears
- Unprecedented success for UCD in ERC Advanced Grant 2021 competition
- Visiting Professor announcement
- Research to Literally Get Under the Skin of Things
- Six UCD researchers awarded SFI Industry RD&I Fellowships
- University College Dublin and Queen’s University Belfast to Strengthen Collaboration
- UCD Engineers Among NovaUCD’s 2022 Innovation Awardees
- New Approaches may Uncover How the Brain Forms Decisions
- Serendipity Swings Doors of Opportunity Open Wide for Nanobubble Generator Developers
- Making Building on Sand a Realistic Option
- €9M joint investment for US-Ireland R&D Programme
- New Approaches to Plasma Therapy may Improve Medical Implant Outcomes
- Assessing Flood Risk Awareness Contributes to Environmental Policy Formation
- International Women's Day
- Supporting Climate Action Through Tree Planting recognised in UCD Research Impact Competition
- Helping People Understand and Mitigate the Spread of Aerosol-Born Infections
- Research that Directly Addresses the Climate Crisis
- Research teams chosen to find disruptive ideas for Irish Defence Forces
- Pan-European 'supergrid' could cut 32% from energy costs, says new UCD study
- Gas Hydrates – a Potential New Fuel Source or a Cause of Mass Extinctions
- Springer publishes book to mark retirement of Emeritus Professor Mohamed Al-Rubeai
- Shining the Food Safety Spotlight on Viral Contamination in Food
- Empowering People to Address the Problems of Climate Change
- AgTechUCD Announces Winners of Inaugural Accelerator Programme for AgTech and FoodTech Start-ups
- 2021 News Archive
- 2020 News Archive
- 2019 News Archive
- 2018 News Archive
- 2017 News Archive
- 2016 News Archive
- Building the State
- A Centenary Celebration
UCD spin-out PlasmaBound completes €2.35m funding round
Tuesday, 3 May, 2022
![UCD spin-out PlasmaBound completes €2.35m funding round](/eacollege/t4media/750_PlasmaBound_Funding_1.jpeg)
University College Dublin spin-out PlasmaBound has raised €2.35 million in its latest funding round.
This investment was led by Act Venture Capital, and supported by the Atlantic Bridge University Fund, Enterprise Ireland and a number of private investors.
The funding will allow the engineering company to accelerate their vision of sustainable lightweight materials being a standard feature on vehicles, devices and structures globally.
PlasmaBound’s Controlled Polymer Ablation (CPA) technology helps manufacturers reduce the weight of products and meet fuel efficiency and carbon emissions requirements, and has applications for vehicles, devices and structures.
“Our technology is about getting more renewable, lightweight materials into use faster as we seek a more sustainable carbon-reduced future,” said Alan Barry, PlasmaBound CEO.
“We are excited to continue our rapidly accelerating journey toward enabling these materials to be standard on vehicles, structures and devices.
“Right now this is limited by cost and complexity to only high-tech applications, or premium price points, with limited real environmental impact. Pushing recyclable composites into mainstream mass-production will move the dial on all our efforts for a sustainable tomorrow. This funding signals confidence in this opportunity.”
John O’Sullivan, General Partner, Act Venture Capital, added: “The level of real world plasma control achieved with CPA will let industries use composites ubiquitously, cost effectively and creatively – it will enable a big step forward in composite material use. Something I think the sector has been waiting for.’’
PlasmaBound previously raised €1.1m in June 2020, led by Atlantic Bridge - a global technology investment firm with over €1.3bn invested in more than two dozen companies in Europe and the US.
Headquartered at NovaUCD, PlasmaBound was co-founded in 2017 by Dr James Nicholas Barry, Alan Barry and Xavier Montibert as a spin-out from the UCD College of Engineering and Architecture following the completion of Enterprise Ireland Commercialisation Funding.
By: David Kearns, Digital Journalist / Media Officer, UCD University Relations (with materials from Micéal Whelan, UCD Research and Innovation)