Tech Company Financing Transactions
Captura Funding Round
Captura, based in Pasadena, secured $21.5 million in investment from EDP Ventures, Eni and Maersk Growth.
Transaction Overview
Company Name
Announced On
1/22/2024
Transaction Type
Venture Equity
Amount
$21,500,000
Round
Series A
Investors
Proceeds Purpose
The funds will help Captura design a first-of-a-kind commercial plant that can remove 50,000 tons of carbon dioxide per year from seawater. It's also building an additional 1,000-ton-per-year pilot plant with Equinor in Norway.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
1573 East Walnut St
Pasadena, CA 91106
USA
Pasadena, CA 91106
USA
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2021 utilizing technology developed in Caltech's laboratories, Captura provides low-cost atmospheric carbon removal by leveraging the world's largest natural CO2 absorber -- the ocean. With minimal impacts on the environment and using only renewable electricity and seawater as inputs, our patented electrodialysis process generates a stream of measurable CO2 that can then be permanently and safely stored or utilized to make low-carbon products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Oldham
Chief Operating Officer
Christene Banda
Chief Scientific Officer
Harry Atwater
Chief Technical Officer
CX Xiang
VP - Engineering
Vladislav Sakharov
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