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ecoLocked raises €4M in seed funding led by Matterwave Ventures and Climentum Capital for biochar carbon removal
PRIVATEJun 05, 2024•about 2 years ago
Amount Raised
€4 Million
Round Type
Seed
Investors
VoyagersSabanci Building SolutionsSfoCounteractClimentum CapitalMatterwave Ventures
Description
ecoLocked, a Berlin-based biochar carbon removal (BCR) company, has raised €4 million in a seed funding round led by Matterwave Ventures and Climentum Capital, with participation from existing investors Counteract, SFO, Sabanci Building Solutions, and Voyagers. The funding will enable ecoLocked to expand its production facilities, introduce new product lines, enhance demand for its products, grow its R&D team, and further develop its AI-driven platform to optimize raw material variability and ensure high-quality product output.
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