# Ian Nolan

> Ian Nolan is a Series B investor at Circularity Capital (London) backing Energy and Software. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Circularity Capital](https://shizune.co/investors/profile/circularity-capital)
- Location: London, United Kingdom
- Total investments: 3
- Last investment: Dec 2022
- Lead investor: 67%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ian-nolan-04637874/

Ian Nolan is a Series B investor at Circularity Capital in London focused on Energy and Software. Ian Has Three Decades Of Experience In Finance, Private Equity And Investment Management.Ian started his career at 3i Group in 1987 becoming Chief Investment Officer in 2009 with responsibility for managing £10 billion of assets across Europe. He has a diverse range of global equity and debt investment experience that includes the infrastructureand alternative energy sectors and was also a member of various of 3i Group's executive and risk management committees, including the Executive Committee, Investment Committee, Risk Committee and Conflicts Committee. In 2012 he set up the UK Green Investment Bank and was the Chief Investment Officer through 2014. Since inception the bank has mobilised £5 billion into the UK alternative energy sector

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 33% |
| Software | 1 | 33% |
| CleanTech | 1 | 33% |
| Recycling | 1 | 33% |
| Clean Energy | 1 | 33% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 33% |
| Private Equity | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Denmark | 1 | 33% |
| The Netherlands | 1 | 33% |
| United Arab Emirates | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cerafiltec | Cerafiltec provides filtration technology along with the essential engineering design and operating services. This enables our local partners to offer the most competitive and reliable treatment solution to their end customers. Cerafiltec was established in 1993 in Dubai, United Arab Emirates. | $31.5M | Private Equity | Dec 07, 2022 |  |
| ANGARA GLOBAL | ANGARA DeCarbonX is a NL-based technology scale-up with quickly growing sales. In sum, our AI-driven solution unlocks a new market of >$50 billion / year through digital transformation of an old b2b services segment.• We are rolling out globally — a very PRAGMATIC & HIGH IMPACT decarbonization technology that pays for itself.It is profitable for our customers. For a customer, the 1st sizable results are achieved within 12 months. Globally, the CO2 impact abatement potential exceeds 1Gt CO2 / year at scale.• The PROBLEM we solved: High emission industries run zillions of HEX. They run dirty WITH fouling, and hence — inefficiently.• The SOLUTION: Our fully digital AI-driven patented technology enables HEX to run cleanly AND efficiently all the time.• We raise $30M to (a) scale up with already engaged customers, (b) expand international presence: the US and SE Asia/Singapore, (c) enter new verticals like biofuels and geothermal.ANGARA works with clients in the US, Europe, and South-East Asia. | $6M | Series B | Oct 03, 2020 |  |
| Shark Solutions | Shark Solutions A/S is a Danish based innovative cleantech market leader in recycling post-consumer laminated PVB (PolyVinyl Bytural) and glass from windshields and laminated architectural/building glass.Their main business is operating PVB recycling factories in Europe and (soon) USA, where they manufacture PVB for many industrialapplications, which is then sold worldwide.Not only have Shark Solutions developed a technology that allows you to recoup the PVB from PVB waste in volume and runs numerous operations for this, but they have also developed markets for this recycled PVB.They also offer efficient mobile glass separation systems for recycling windshields and other laminated glass. This technology also applies for areas of recycling gypsum boards and solar panels, PV. |  | Venture - Series Unknown | Apr 20, 2020 |  |

3 of 3 investments shown.

## Co-investors
- [FUND FOR SUSTAINABILITY AND ENERGY (F4SE)](https://shizune.co/investors/profile/fund-for-sustainability-and-energy-fund4se) — VC Fund, 1 deal together
- [MM Energy](https://shizune.co/investors/profile/mm-energy) — VC Fund, 1 deal together
- [Novus Capital Group](https://shizune.co/investors/profile/novus-capital-group) — VC Fund, 1 deal together
- [Stellar Impact](https://shizune.co/investors/profile/stellar-impact) — VC Fund, 1 deal together

## About Circularity Capital

VC Fund · Edinburgh, United Kingdom

Circularity Capital is a specialist private equity firm investing in European growth SMEs operating in the circular economy.The company uses the circular economy as a framework to support investee businesses decouple their growth from resource constraints, enhance resource productivity and drive competitive advantage.The team has specificexpertise and a powerful network in the circular economy which we use to identify, source and secure proprietary investment opportunities and add value to portfolio businesses through access to talent, market information and new business development opportunities. The company's investors include financial institutions, global corporations and leading family offices.At the heart of Circularity’s ability to create value for investors is its focus on combining specialist expertise in the circular economy with institutional quality private equity experience.

5 contacts available at Circularity Capital.

| Name | Title | Profile |
| --- | --- | --- |
| David Mowat | Co-Founding Partner & Investment Committee Member | https://shizune.co/investors/profile/david-mowat |
| Jamie Butterworth | Co-Founding Partner & Investment Committee Member | https://shizune.co/investors/profile/jamie-butterworth |
| Anders Brejner | Executive | https://shizune.co/investors/profile/anders-brejner-d076 |
| Andrew Shannon | Co-Founding Partner, Head of Compliance, and Investment Committee Member | https://shizune.co/investors/profile/andrew-shannon-2 |
| Ian Nolan | Co-Founding Partner and Chair of Investment Committee | https://shizune.co/investors/profile/ian-nolan-7b6c |

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## FAQ

### What does Ian Nolan invest in?

Ian Nolan invests primarily in Energy, Software and CleanTech startups, most often at Series B and Private Equity stage. Most of the 3 investments tracked by Shizune back companies in Denmark. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ian Nolan last invest?

The most recent investment recorded for Ian Nolan closed in Dec 2022. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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