TLDR:
- Again, a Danish startup, received $43 million in funding from Google Ventures and HV Capital.
- The company focuses on converting carbon emissions into valuable products like plastics and paints.
According to Fortune, Copenhagen-based climate tech startup Again has secured $43 million in Series A funding from Google Ventures and HV Capital. This funding will allow the company to further research food and feed products that can be made from carbon dioxide. The startup’s technology involves pumping carbon dioxide, which would otherwise be released into the atmosphere, into bioreactors where bacteria convert it into valuable products such as plastics, paints, and soaps. Refining petroleum to extract chemicals is a major source of greenhouse gas emissions globally, making the petrochemical industry one of the most polluting.
Founded in 2021, Again has raised a total of about $100 million, which includes funding from a European Union grant. The company originated from a research project that spanned over 10 years at Danish Technical University, Stanford, and MIT. This history provided the company with a strong foundation when it launched, allowing it to focus on scaling up and further developing its technology.
The company’s technology aims to address one of the main barriers in climate technology—the ability to scale. Unlike many climate tech companies that focus on capturing carbon dioxide from the atmosphere and storing it, Again’s process involves converting the emissions into valuable products while simultaneously cleaning up the environment. The efficiency of capturing and converting carbon dioxide is a key distinguishing factor for Again, allowing it to operate continuously and produce valuable goods.
