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Dioxycle Raises $17 Million For Its Electrolyzer That Turns Co2 Into Ethylene

PRIVATEJul 26, 2023

Amount Raised

$17 Million

Round Type

Funding Round

ParisEnergyRenewable Energy

Description

Dioxycle is a carbon transformation startup that is working on a new process to produce ethylene at scale using recycled carbon emissions. Ethylene is used in packaging, clothing, PVC-based sewage pipes, car interiors and more. And the company recently raised a $17 million funding round co-led by Breakthrough Energy Ventures and Lowercarbon Capital, with Gigascale Capital also participating.

Quick answer

Dioxycle raised $17 Million in a Funding Round round, dated July 26, 2023. Dioxycle is based in Paris, Ile-de-France, France.

How much did Dioxycle raise?
Dioxycle raised $17 Million in a Funding Round round on July 26, 2023.
What does Dioxycle do?
DIOXYCLE is pioneering breakthrough carbon utilization technologies that convert industrial emissions into sustainable chemicals with unprecedented energy and cost efficiency.
Where is Dioxycle based and how big is it?
Dioxycle is based in Paris, Ile-de-France, France.
Who are the decision-makers at Dioxycle?
Fundz holds 1 contact at Dioxycle. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Dioxycle that raised within 45 days of this round, from Fundz verified event records.

  • Zenobē raised $1B (Funding Round) on September 8, 2023.
  • Instream Energy Systems Corp. raised $400K (Seed) on September 8, 2023.
  • Terrestrial Energy raised $2.6M (Seed) on September 8, 2023.
  • Zenobē raised $1B on September 7, 2023.
  • Lydian raised $12M (Funding Round) on September 6, 2023.
  • Nuventura raised $27M (Series A) on September 5, 2023.

Who to call at Dioxycle, and when

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Company Information

Company

Dioxycle

Location

Paris, Ile-de-France, France

About

DIOXYCLE is pioneering breakthrough carbon utilization technologies that convert industrial emissions into sustainable chemicals with unprecedented energy and cost efficiency. By displacing fossil fuels for the production of key chemicals, Dioxycle has the potential to ultimately reduce over 800 million tons of CO2 per year, representing over 2% of the world's emissions. At Dioxycle, we believe that profitability is essential to trigger adoption of decarbonization technologies at the scale and speed required to reach our net-zero goals. With this in mind, our team is innovating across chemical, mechanical and system engineering to turn carbon transformation into an economically feasible, industrial reality. Having completed our medium-scale Proof-of-Concept electrolyzer, we are now working towards a first-of-its-kind large-scale industrial prototype and are assembling key partnerships for future commercial roll-out. We are supported by world-class funders including Lowercarbon Capital, the Breakthrough Energy Fellowship program and operate from two R&D centers in Europe and California. To see job openings and join force with us in our mission, please visit --> https://dioxycle.com/career/

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Dioxycle raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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