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Cambridge's Neela Biotech raises £2.1M in pre-seed funding led by Elbow Beach to develop jet fuel from waste using AI technology.

PRIVATEOct 08, 2026

Amount Raised

£2.1 Million

Round Type

Seed

Cambridge

Investors

AscensionCambridge EnterpriseVentures TogetherElbow Beach

Description

Neela Biotech has secured £2.1 million in pre-seed funding to explore the conversion of food and agricultural waste into sustainable aviation fuel. The round was led by Elbow Beach, which invested £1.5 million. Other participants included Ascension and Cambridge Enterprise. The funds will help advance their technology from the lab to pilot-scale trials.

Company Information

Company

Neela Biotech

Location

Cambridge, England, United Kingdom

About

Neela Biotech is a Cambridge-based startup focused on producing sustainable aviation fuel from waste through innovative technology. Incorporated in April 2025, the company combines AI-guided microbes with anaerobic digestion to create a more efficient process for transforming organic waste into jet fuel. Neela aims to use existing biogas facilities to lower capital expenses while providing new income sources for biogas operators. The startup is addressing the challenge of limited waste oil supply to meet the growing demand for sustainable aviation fuel.

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Strategic

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Neela Biotech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.