Every round on record, with the sources behind each and the investors on them.
Neela Biotech develops methods to produce sustainable aviation fuel using food, agricultural, and forestry waste.
neelabiotech.comLinkedInCambridgeBiotech
8 sources · checked 1 time, last 40m ago
Sources 2–4 report £2.1m/£2.1 million, while Source 1 reports $2.1M. The more specific round coverage supports the pound-denominated figure; unnamed strategic angel investors are not listed.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Pre-seed | $2.8M £2.1 million | 2026-10-08 | Elbow Beach | 7 outlets. #14 in Trending |
8 sources · checked 1 time, last 40m ago [ VERIFIED ] read against 4 of 8 sources Sources 2–4 report £2.1m/£2.1 million, while Source 1 reports $2.1M. The more specific round coverage supports the pound-denominated figure; unnamed strategic angel investors are not listed. | ||||
Neela Biotech turns food, agricultural and forestry waste into sustainable aviation fuel and other chemicals with an AI-driven Controlled Microbial Upcycling process, aimed at aviation and existing biogas infrastructure.
Neela targets a bottleneck in sustainable aviation fuel: current HEFA routes rely on scarce waste oils and fats, while SAF remains less than 1% of jet-fuel use. Its £2.1 million pre-seed round, led by Elbow Beach, funds a pilot at an existing biogas plant to test whether AI-guided microbial conversion of food, agricultural and forestry waste can provide a lower-energy, lower-capex route to cost-competitive SAF.
Also named as backers in company research: Henry Royce Institute, Innovate UK, IAG Innovation Accelerator, King’s Entrepreneurship Lab (King’s E-Lab), Founders at the University of Cambridge, 50 50, Undaunted The Greenhouse