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Mantel secures $18M investment to advance its carbon capture technology. The funding will support commercial deployment and project portfolio expansion across heavy industry.
Mantel, based in Cambridge, Massachusetts, received a strategic investment of $18M. The funding aims to support its commercial deployment across heavy industry in North America and Europe, and to advance its project portfolio. Backers included Constellation Technology Ventures, Azimut Investments, and existing investors. This investment brings the total funding raised to $50M.
Company Information
Company
Mantel
Location
Cambridge, Massachusetts, United States
About
Mantel is a startup founded by MIT Sloan MBA and chemical engineer Cameron Halliday, focusing on making carbon capture more cost-effective. It develops high-temperature, liquid-phase carbon capture systems using molten borate salts to directly trap CO₂ emissions from industrial sources. The company aims to significantly reduce carbon capture costs, targeting hard-to-decarbonize sectors. Mantel raised $30 million in Series A funding in September 2024.
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CambridgeManufacturing