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Novocarbo raises €25M in growth funding from SWEN Capital Partners to expand its network of Carbon Removal Parks in Europe.

PRIVATEMar 19, 2024

Amount Raised

€25 Million

Round Type

Funding Round

HamburgEnergyRenewable Energy

Investors

Swen Capital Partners

Description

German startup Novocarbo has secured €25 million in growth funding from SWEN Capital Partners and its SWEN Impact Fund for Transition 2 fund. The investment will be used to expand Novocarbo's network of Carbon Removal Parks in Europe, with a goal to build up to 200 parks by 2033. The company's Biochar Carbon Removal technology aims to enable the removal of up to 1 million tonnes of CO₂ from the atmosphere by 2030.

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

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

  • Navajo Transitional Energy Company raised $2.6M (Seed) on May 1, 2024.
  • Aura Power raised $13M (Grant) on May 1, 2024.
  • PointO raised $812K (Seed) on April 30, 2024.
  • ION Energy Company Limited raised $3M (Series A) on April 29, 2024.
  • Pine Gate Renewables raised $650M on April 29, 2024.
  • Foremost Lithium raised $20K (Pre-Seed) on April 29, 2024.

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Company Information

Company

Novocarbo

Location

Hamburg, Hamburg, Germany

About

Novocarbo is all about Biochar Carbon Removal. The company was built by business professionals with a passion for soil & agriculture. Our origin lies in the fascination for biochar and its applications: selling, using and further developing biochar has been the backbone of our activities since 2018. Today we are proud to have leveraged our knowledge to the first scalable Carbon Removal Solution on the European market and to play a leading role in the trading of Carbon Removal Certificates. We build and operate Carbon Removal Parks, where we produce high-quality biochar and generate climate-neutral energy. Our goal is to remove up to 1 million t of CO₂ from the atmosphere by 2030.

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Novocarbo 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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