TLDR:
- Climate-tech startup CarbonBlue closes a $10 million seed funding round for water-based carbon dioxide removal technology.
- The technology is versatile, compatible with a variety of water systems, and has applications in carbon removal, desalination, and efuels.
CarbonBlue, a climate-tech startup, has successfully closed a $10 million seed funding round to further develop its water-based Carbon Dioxide Removal (CDR) technology. The company aims to utilize existing infrastructure for various applications in carbon removal, desalination, and efuels. This funding will support international growth and collaborations in the climate, energy, and water sectors.
Co-founder and CEO, Dr. Dan Deviri, expressed the significance of this milestone for the company, highlighting the vote of confidence from industry-leading investors. The technology has gained attention from organizations like Frontier and Stripe Climate for its innovative approach to ocean restoration and CO2 removal without chemical additives.
CarbonBlue’s technology stands out for its ability to integrate into critical infrastructure projects such as efuels and desalination. The funding round was led by Ibex Investors and FreshFund, with investors expressing confidence in the unique value proposition of combining CDR with industry co-benefits. The versatile nature of the technology allows for applications in carbon removal, desalination, and efuels, offering growth opportunities across various industries.
With the promise of economically viable and scalable CO2 removal, CarbonBlue’s technology represents a significant contribution to global efforts in addressing climate change. The company’s focus on aligning with existing infrastructure and diverse applications positions it as a key player in the climate-tech landscape.
