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Nine-Month Old Greenlyte Carbon Technology Raises An Additional €4.5 Million, Bringing Its Funding To €8 Million

Jun 27, 2023•over 2 years ago

Amount Raised

€4.5 Million

Round Type

seed

GermanyManufacturingEnergy

Investors

Dr Hendrik Brandis

Description

Today Greenlyte Carbon Technologies (GCT), a leading Direct Air Capture (DAC) start-up from Germany, has announced a pre-seed extension round, raising an additional €4.5 million

Company Information

Company

Greenlyte Carbon Technology

Location

Germany

About

Greenlyte Carbon Technologies (GCT) is a Direct Air Capture startup specializing in removing CO2 from the atmosphere using a liquid-sorbent solution and producing hydrogen as a byproduct.

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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