Tech Company Financing Transactions
Mantel Funding Round
On 8/23/2022, Mantel raised $2 million in financing from The Engine and New Climate Ventures .
Transaction Overview
Company Name
Announced On
8/23/2022
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Undisclosed
Investors
The Engine (Lead Investor)
Proceeds Purpose
This funding will accelerate the company's technology development, prototype testing and initial deployment.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
61 Anderson St Apartment 5
Boston, MA 02114
USA
Boston, MA 02114
USA
Phone
Undisclosed
Website
Email Address
Overview
Mantel is developing the first molten-salt based carbon capture technology. Our molten borates are designed to operate at the high temperatures found inside boilers, kilns, and furnaces -- enabling highly efficient carbon capture that has not been possible until now. Carbon capture can be applied across industry to reduce emissions - and even achieve net-negative emissions. By solving for efficiency Mantel can reduce energy losses by more than 60% and cut costs in half, unlocking carbon capture's role in reaching global net zero.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cameron Halliday
Chief Operating Officer
Danielle Colson
Chief Technical Officer
Sean Robertson
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