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AIR COMPANY raised $69 million in a Series B funding round led by Avfuel to finance engineering and research for producing sustainable aviation fuel.

PRIVATESep 18, 2024

Amount Raised

$69 Million

Round Type

Series B

BrooklynManufacturingSustainabilitySoftwareConsumer Goods

Investors

Jet BlueToyotaLowercarbon CapitalAlaska AirlinesAvfuel

Description

AIR COMPANY secured $69 million in its Series B funding round, with Avfuel leading the investment. The funds will be used to enhance engineering and research efforts focused on converting carbon dioxide into climate-friendly products.

Quick answer

AIRCO raised $69 Million in a Series B round, dated September 18, 2024. Investors: Jet Blue, Toyota, Lowercarbon Capital, Alaska Airlines and Avfuel. AIRCO is based in Brooklyn, New York, United States.

How much did AIRCO raise?
AIRCO raised $69 Million in a Series B round on September 18, 2024.
Who invested in AIRCO?
Jet Blue, Toyota, Lowercarbon Capital, Alaska Airlines and Avfuel are named as investors in this round.
What does AIRCO do?
AIRCO is a world leader in carbon conversion technology, paving the way to global energy security by transforming CO₂ into a valuable resource.
Where is AIRCO based and how big is it?
AIRCO is based in Brooklyn, New York, United States. Fundz records about 109 employees.
Who are the decision-makers at AIRCO?
Fundz holds 1 contact at AIRCO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who to call at AIRCO, and when

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Company Information

Company

AIRCO

Location

Brooklyn, New York, United States

About

AIRCO is a world leader in carbon conversion technology, paving the way to global energy security by transforming CO₂ into a valuable resource. The company has commercial partnerships with airlines including JetBlue and Virgin Atlantic, amongst others, and has been awarded multiple government contracts, including with NASA and the United States Department of Defense's Defense Innovation Unit. The company has received industry recognition through awards such as Time Best Inventions, Inc. Best in Business, Fast Company World Changing Ideas, and the XPrize for Carbon Removal.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

AIRCO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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