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Italian Startup Carpecarbon To Design Dac Plant After €1.7M Funding Round

Nov 15, 2023about 2 years ago

Amount Raised

€1.7 Million

Round Type

seed

Turin

Investors

Piemonte Next Co Investment FundClub Degli Investitori Network360 CapitalCdp Venture Capital’s Tech4 Planet InitiativeGreenlyte Carbon Technologies

Description

CarpeCarbon, a Turin-based climatetech startup, has raised €1.7 million in a Pre-Seed funding round. Similar to Germany's Greenlyte Carbon Technologies, CarpeCarbon is the first Italian outfit working on technologies that use Direct Air Capture to remove CO² from the atmosphere and store it safely underground, and intends to use the investment to design the first Italian DAC plant in Piedmont

Company Information

Company

CarpeCarbon

Location

Turin, Piedmont, Italy

About

CarpeCarbon is an Italian innovative startup working on a new Direct Air Capture (DAC) technology able to remove large amounts of CO2 using only renewable energy. CarpeCarbon's solution proves it is possible capturing CO2 from the air avoiding the high energy needs, cutting down both costs and environmental impacts. Removing CO2 from the atmosphere is not an alternative to cutting emissions or an excuse for delaying the clean energy transition, but is required in order to meet net zero targets in every future climate scenario. Founded in 2022 and ready to play its part to fight climate change.

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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