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Direct Air Capture Startup Heirloom Raises $53Mm Series A, Among The Largest Investments In New Carbon Removal Technologies

PRIVATEMar 17, 2022

Amount Raised

$53 Million

Round Type

Series A

United StatesManufacturingRenewable Energy

Description

Heirloom, a direct air capture company permanently removing CO2 from the atmosphere, announced today that it has raised $53MM in a Series A funding round co-led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, with The Microsoft Climate Innovation Fund as an additional participant. Alice Newcombe-Ellis of Ahren will join Heirloom's board of directors.

Quick answer

Heirloom Carbon raised $53 Million in a Series A round, dated March 17, 2022. Heirloom Carbon is based in United States.

How much did Heirloom Carbon raise?
Heirloom Carbon raised $53 Million in a Series A round on March 17, 2022.
What does Heirloom Carbon do?
Heirloom Carbon is a carbon capture startup focused on removing CO2 from the atmosphere using innovative technology that involves crushed lime.
Where is Heirloom Carbon based and how big is it?
Heirloom Carbon is based in United States. Fundz records about 189 employees.
Who are the decision-makers at Heirloom Carbon?
Fundz holds 4 contacts at Heirloom Carbon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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

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

  • Soluna Holdings raised an undisclosed amount (Series A) on April 27, 2022.
  • Hadrian raised $37M on April 15, 2022.
  • LG Energy Solution Ltd raised $1.4B on March 24, 2022.
  • ON Semiconductor Corporation raised an undisclosed amount (Series C) on March 17, 2022.
  • Heartland Water Technology raised $45M on March 17, 2022.
  • Soluna Holdings raised an undisclosed amount (Debt Financing) on March 10, 2022.

Who to call at Heirloom Carbon, and when

A new round usually means Heirloom Carbon is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Heirloom Carbon raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Heirloom Carbon, from your own LinkedIn network

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Company Information

Company

Heirloom Carbon

Location

United States

About

Heirloom Carbon is a carbon capture startup focused on removing CO2 from the atmosphere using innovative technology that involves crushed lime. The company aims to scale its carbon-removal processes to reduce costs significantly. By employing a proprietary method to accelerate the absorption of carbon dioxide, Heirloom is poised to play a crucial role in addressing climate change by making carbon capture more viable. Their facility in Louisiana is expected to open in 2026, further advancing their mission.

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Fundz sees it the moment Heirloom Carbon raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.