Carbon Capture Inc. Closes $35 Million Series A Funding From Prime Movers Lab, Rio Tinto, Idealab Studio, And Time Ventures
Oct 19, 2021•almost 4 years ago
Amount Raised
$35 Million
Round Type
series a
Description
Carbon Capture Inc. (CarbonCapture), a climate tech company that makes machines that remove CO2 directly from the atmosphere, today announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct Air Capture (DAC) systems in locations throughout the U.S., starting with the Tamarack Nickel Project in central Minnesota in partnership with Rio Tinto PLC (LSE: RIO) and Talon Metals Corp. (TSX: TLO).
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech