Carbon renewal funding is on the rise
The technologies are also very intriguing, according to an analysis by Crunchbase News.
Joanna Glasner writes in a recent Crunchbase News article that “funding records show that financings around carbon removal themes have accelerated in recent quarters, in tandem with climate data pointing to increasingly dire impacts should atmospheric carbon levels continue to rise.”
The article also highlights some of the intriguing places where the start-ups are planning to put the carbon. Some are perhaps more novel than others.
- On the more traditional side are those like Loam Bio, an Australian start-up that landed a $67 million Series B in February and plans to put carbon in the soil.
- Ebb Carbon, a San Carlos, CA company, is focused on the ocean.
- Charm Industrial, which just raised a $100 million in Series B, is using plants to capture carbon dioxide. It then converts the biomass into a “stable, carbon-rich liquid” that it can be pumped deep underground.
- CarbonCure Technologies landed $80 million in July for carbon removal technologies that introduce recycled CO2 into fresh concrete to reduce its carbon footprint.
Two Knoxville start-ups are clearly in the space and doing well. They are SkyNano Technologies (see our most recent article here) and Holocene Climate Corporation (see our most recent article here).
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