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Ocean-based Carbon Capture Startup Captura Raises $21.5 Million

Jan 23, 2024almost 2 years ago

Amount Raised

$21.5 Million

PasadenaEnvironmental Services

Investors

Edp VenturesEni NextMaersk GrowthEic Rose Rock Venture FundM Terra VenturesAramco VenturesHitachi VenturesFreeflow VenturesEquinor VenturesFuture Planet Capital

Description

Captura raised an additional $21.5 million, expanding its Series A funding round, with proceeds aimed at commercializing its Direct Ocean Capture (DOC) technology that extracts CO2 directly from seawater to be permanently stored or reused.

Company Information

Company

Captura

Location

1573 E. WALNUT STREET

Pasadena, California, United States

About

The ocean is an immensely powerful force of nature, and our greatest ally to reverse the tides on climate change. By studying the planet’s natural cycles, Captura designed a solution that removes CO2 from the ocean and harnesses its ability to heal the climate—a process known as Direct Ocean Capture. Developed and proven in Caltech’s laboratories, our unique Direct Ocean Capture technology runs with just two ingredients: seawater and renewable electricity. It extracts CO2 directly from seawater to be permanently stored or reused. This amplifies the natural equilibrium between the ocean and atmosphere, drawing carbon out of the air and into the ocean to rebalance. Captura’s approach requires no rare-Earth minerals, adds nothing to the ocean, and leaves no chemicals behind. It’s a low-cost, large-scale carbon removal solution that is environmentally sound.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech