Carbon Reform's Modular Carbon Removal Technology Captures $3Mm Seed Round
Nov 29, 2022•over 2 years ago
Amount Raised
$3 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers