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      <p>
        CarbonCapture, a DAC startup, has raised USD 80 million in a Series A funding round led by Prime Movers Lab, bringing its total funding to USD 115 million.
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      <p>
        The funds will be used to further expand its technological development and install its modular DAC systems.
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      <p>
        New investors Amazon's Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services also supported the funding round, with participation from existing investors which include Idealab X, TIME Ventures, Neotribe Ventures, Alumni Ventures, and several other venture investors.&nbsp;
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  <p>
    <a href="https://www.prnewswire.com/news-releases/direct-air-capture-company-carboncapture-inc-closes-80-million-series-a-financing-302086698.html">
      Press release
    </a>
  </p>
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Carbon Capture, Utilization & Storage (CCUS)

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 <p>DAC startup, CarbonCapture, raised USD 80 million in a Series A funding round led by Prime Movers Lab. This funding brings the company's total financing to USD 115 million.</p>
 <p>This money will be used to enhance technological development and install more of CarbonCapture's modular DAC systems.</p>
 <p>New contributors to the funding round include Amazon's Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. Existing investors that participated in the round consist of Idealab X, TIME Ventures, Neotribe Ventures, Alumni Ventures, among several other venture investors.&nbsp;</p>
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CarbonCapture secures USD 80 million in Series A funding to expand technological development

PROMINENT_CATEGORY

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  <ul>
    <li><p>Frontier, an advanced market commitment (AMC) for carbon removal technologies, has sourced carbon offset purchase deals with the CarbonCapture, a direct air capture (DAC) firm, and Heirloom, a DAC startup. The total purchase consideration amounts to USD 46.6 million for a total of 72,400 tons of CO2 removal.</p></li>
    <li><p>CarbonCapture agreed to supply 45,500 tons of CO2 removal by 2028 for USD 20 million. The partnership expects to develop CarbonCapture's technology from the laboratory phase to a commercial facility.</p></li>
    <li><p>In addition, Heirloom received USD 26.6 million for the removal of 26,900 tons of CO2 by 2030 from its next commercial facility.</p></li>
    <li><p>Frontier undertook these CO2 removal purchases on behalf of multiple buyers, including Stripe, Alphabet, Shopify, Meta, JPMorgan Chase, McKinsey Sustainability, Autodesk, H&amp;M Group, and Workday.</p></li>
  </ul>
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Frontier facilitates agreements for CO2 removal from CarbonCapture and Heirloom

Amazon has signed a 10-year agreement with 1PointFive, a joint venture between Oxy Low Carbon Ventures and Rasheen Capital Management, to remove carbon dioxide from the atmosphere. 1PointFive will capture 250,000 metric tons of CO2 using their first direct air capture (DAC) plant in Texas. They will use digital infrastructure from Amazon Web Services (AWS) to analyze performance data and optimize operations. Amazon also invested in CarbonCapture, another DAC startup, and will receive CO2 removal credits from them. These investments are part of Amazon's commitment to reach net zero carbon emissions by 2040.

All Updates

CarbonCapture secures USD 80 million in Series A funding to expand technological development

Frontier facilitates agreements for CO2 removal from CarbonCapture and Heirloom

Amazon signs 10-year CDR agreement with 1PointFive; invests in CarbonCapture

CarbonCapture and partners to receive USD 12.5 million backed by US DOE

Carbon Capture, Utilization & Storage (CCUS)

CarbonCapture secures USD 80 million in Series A funding to expand technological development

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