TLDR:
- CarbonBlue secures $10 million in Seed funding for CO2 removal technology
- The Israeli startup’s technology utilizes water-based Carbon Dioxide Removal (CDR) technology
The Israeli startup CarbonBlue has successfully completed a $10 million Seed funding round to further develop and deploy its water-based Carbon Dioxide Removal (CDR) technology. The funding round, led by Ibex Investors and Fresh Fund, included strategic investors Engie New Ventures and ZIM Ventures, among others. CarbonBlue’s unique Direct Water Capture technology can utilize any type of water, making it adaptable for integration with various water-utilizing facilities in the fight against global warming. The company, founded in 2022 by Dr. Dan Deviri and Iddo Tsur, is constructing a facility integrated with the Maagan Michael desalination plant and is working on projects in Europe, the MENA region, and North and South America.
CarbonBlue aims to collaborate with major players in the climate, energy, and water sectors to further develop and mature its technology. The company’s ability to support and integrate into critical infrastructure projects such as efuels and desalination sets it apart from other CDR players. Investors like Ibex Investors have shown confidence in CarbonBlue’s approach, recognizing the importance of its contribution to the global effort against climate change.
