Barocal
17 employees on LinkedIn · 5 known investors
Clean alternative to fluid refrigerants using barocaloric effect
Investors · 5
Also in the syndicate · 3
Company profile
researched Aug 2026Barocal is a University of Cambridge spin-out developing solid-state cooling and heating systems that replace conventional refrigerant gases with organic barocaloric materials. The materials, related to an organic compound used widely in industries from plastics to paints, contain molecules that normally rotate freely; applying pressure halts that rotation and causes the material to release heat, while removing pressure allows the material to absorb heat. Barocal uses these pressure-driven phase transitions to pump heat, circulating water past the material and out to a radiator to move heat, for example from the inside of a refrigerator to the outside.
Because the working material is a solid, the systems avoid the leakage of ozone-depleting or high-global-warming-potential gaseous refrigerants associated with vapour compression; such refrigerants can warm the climate more than 1,000 times as much as an equivalent quantity of carbon dioxide. The company states its patented platform is designed to be more efficient and less expensive than vapour-compression systems and to reach cost parity with them. Early prototypes are reported to be as effective as existing refrigerator compressors while promising significantly lower energy use.
The company employs roughly 10 people and is headquartered in Cambridge, United Kingdom. Following its 2026 Seed round it is scaling operations and recruiting senior technical and commercial staff ahead of commercial deployment.
Founding story
Founder Xavier Moya, a professor of materials physics at the University of Cambridge, traces his interest in heating and cooling to his youth in Spain, where he studied in a small, hot room before the household acquired air conditioning. His academic work on refrigerants led him to focus on solid materials that capture and release heat when squeezed and stretched — a principle he illustrates with a balloon that warms when stretched and cools when released. His discovery of a route to high performance in barocaloric materials gave the company, founded in 2019, its name and technology base.
Business model
Barocal is a business-to-business deep-tech company commercialising a patented solid-state heating and cooling platform based on barocaloric materials, intended as a drop-in alternative to vapour-compression equipment for equipment operators and manufacturers. It is pre-commercial, working from early prototypes toward commercial deployment, and is funded by venture and institutional investors.
Traction
Barocal reports early prototypes that match the effectiveness of existing refrigerator compressors while promising lower energy consumption. The company has about 10 employees and raised a $10 million Seed round in May 2026; it was earlier supported through the Breakthrough Energy Fellows program.
Latest developments
In May 2026 Barocal announced a $10 million (€8.5 million) Seed round led by World Fund, with Breakthrough Energy Discovery, Cambridge Enterprise Ventures and IP Group participating. Proceeds are earmarked for commercialisation of the solid-state platform, scaling the engineering team and hiring senior technical and commercial talent.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Barocal positions itself as an alternative to vapour-compression technology, which has dominated refrigeration for over a century. It addresses a global HVAC market described as roughly $450 billion, projected to reach about $577 billion by 2033. Heating and cooling account for around 15% of annual global greenhouse gas emissions, with cooling alone responsible for more than 4 Gt of CO2e in 2022 and demand expected to triple by 2050.
Barocal's approach substitutes solid organic barocaloric materials for gaseous refrigerants, eliminating refrigerant leakage risk and associated global-warming impact. Investors characterise the materials as a breakthrough addressing the cost, degradation and fatigue limits that have constrained other caloric materials, enabling a solid-state platform intended to compete with vapour-compression incumbents on both efficiency and cost.
Technology
Patented barocaloric platform technology using organic materials whose molecular rotation is suppressed under pressure, producing large temperature changes through pressure-driven phase transitions. Heat is transferred by flowing water past the material and to a radiator, enabling solid-state heat pumping without gaseous refrigerants.
Go-to-market
The company is targeting larger commercial systems first, on the basis that efficiency gains there produce a more visible effect on customer operating costs, with initial focus on data centre cooling and commercial refrigeration.
Initial focus on high-growth applications including data centre cooling and commercial refrigeration, and larger commercial HVAC and refrigeration systems; the technology is described as workable at any scale.
Geography
Headquartered in Cambridge, England, United Kingdom.
History
The company was founded in 2019 as a spin-out from the University of Cambridge, based on Prof. Xavier Moya's research into caloric materials. It received early support from the Breakthrough Energy Fellows program before raising a $10 million (€8.5 million) Seed round announced in May 2026 with World Fund, Breakthrough Energy Discovery, Cambridge Enterprise Ventures and IP Group.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsBarocal announced a $10 million Seed round to accelerate development of its solid-state cooling and heating platform, scale operations and recruit senior technical and commercial talent ahead of commercial deployment.
$10M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Cambridge spin-out Barocal raises €8.5 million Seed round for refrigerant-free heating and cooling tech | EU-Startupseu-startups.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Barocal do?
- Cambridge spin-out building solid-state cooling and heating systems that use barocaloric materials instead of refrigerant gases.
- Who are Barocal's investors?
- Barocal's investors include Parkwalk Advisors, World Fund.
