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Mantel Capture Has Secured Usd 18 Million In Series A Extension Funding Focused On Carbon Capture Technology, As Reported By Axios. announced it raised $18.3 Million in an initial filing from an offering of $25 Million

PRIVATEAug 24, 2026about 9 hours ago

Amount Raised

$18.3 Million

Round Type

Series A

CambridgeManufacturing

Description

Mantel Capture has raised USD 18 million in a Series A extension funding round. This amount is considered immaterial for the market but reflects ongoing investor interest in carbon capture technology. Extensions like this often precede major milestones. The funding highlights continued venture appetite for climate tech despite the small size.

Company Information

Company

Mantel

Location

750 Main Street

Cambridge, Massachusetts, United States

About

Mantel is developing the first molten-salt based carbon capture technology. Our molten borates are designed to operate at the high temperatures found inside boilers, kilns, and furnaces – enabling highly efficient carbon capture that has not been possible until now. Carbon capture can be applied across industry to reduce emissions - and even achieve net-negative emissions. By solving for efficiency Mantel can reduce energy losses by more than 60% and cut costs in half, unlocking carbon capture’s role in reaching global net zero.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Mantel 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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