Tech Company Financing Transactions
Carbon Capture Funding Round
Prime Movers Lab, Idealab and Rio Tinto participated in a $35 million Series A funding round for Carbon Capture. The financing round was announced by the company on 10/24/2021.
Transaction Overview
Company Name
Announced On
10/24/2021
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series A
Investors
Proceeds Purpose
CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct Air Capture (DAC) systems in locations throughout the U.S., starting with the Tamarack Nickel Project in central Minnesota in partnership with Rio Tinto PLC (LSE: RIO) and Talon Metals Corp. (TSX: TLO).
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
130 W Union St.
Pasadena, CA 91103
USA
Pasadena, CA 91103
USA
Phone
Undisclosed
Website
Email Address
Overview
We make machines that remove carbon dioxide directly from the atmosphere. We're working to reverse climate change by making machines that leverage innovative molecular sieves, low-cost renewable energy, and tunable purpose-built systems to cost-effectively remove CO2 from the atmosphere at scale.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
William Gross
Chief Executive Officer
Adrian Corless
Co-Founder
Andrea Pedretti
VP - Bus. Development
Jonas Lee
VP - Engineering
Saeb Besarati
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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