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Carbon Reform's Modular Carbon Removal Technology Captures $3Mm Seed Round

Nov 29, 2022over 2 years ago

Amount Raised

$3 Million

Round Type

seed

PhiladelphiaOtherRenewable Energy

Investors

Play VenturesRevolution's Rise Of The Rest Seed FundAzolla Ventures

Description

Carbon Reform, the startup building technology to reduce CO2, improve air quality, and save energy from buildings, announced the closing of a $3 million seed investment. The round was led by Azolla Ventures, a climate tech VC fund created by Prime Coalition, that invests in early-stage technology companies with the potential for gigaton-scale climate impact. Other participants in the round include Virya LLC, Revolution's Rise of the Rest Seed Fund, Plug and Play Ventures, Gaingels, and Preston Schell.

Company Information

Company

Carbon Reform

Location

401 N BROAD ST.

Philadelphia, Pennsylvania, United States

About

Carbon Reform is designing the Carbon Capsule, a modular carbon dioxide capture device that helps eco- and health-conscious building owners reduce CO2 and contaminant levels internally, while saving energy on heating and cooling.

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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