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Reduciner raised EUR 3.6 million in its first funding round, led by Voima Ventures, Lifeline Ventures, and Mikko Kodisoja Foundation to commercialize technology converting CO2 into sustainable fuels.
Amount Raised
€3.6 Million
Round Type
seed
Investors
Description
Reduciner has raised EUR 3.6 million in its first funding round, facilitating the commercialization of its novel technology that turns captured CO2 into sustainable fuels. The funding included equity investments from Voima Ventures, Lifeline Ventures, and the Mikko Kodisoja Foundation. The startup's innovative approach allows for a reduction in industrial carbon emissions without costly infrastructure changes. This economic viability is enhanced by the production of activated carbon as a co-product.
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