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Chevron Invests In Carbon Capture And Removal Technology Company, Svante

PRIVATEDec 15, 2022

Round Type

Funding Round

BurnabyOtherEnergyOil And GasGovernment

Investors

RBC Capital MarketsUnited Airlines VenturesTech Energy VenturesJapan Energy Fund, Liberty Media, M&G CatalystFull Circle Capital3 M VenturesOgci Climate Investments

Description

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology.

Quick answer

Svante raised an undisclosed amount in a Funding Round round, dated December 15, 2022. Investors: RBC Capital Markets, United Airlines Ventures, Tech Energy Ventures, Japan Energy Fund, Liberty Media, M&G Catalyst, Full Circle Capital, 3 M Ventures and Ogci Climate Investments. Svante is based in Burnaby, British Columbia, Canada.

How much did Svante raise?
Svante raised an undisclosed amount in a Funding Round round on December 15, 2022.
Who invested in Svante?
RBC Capital Markets, United Airlines Ventures, Tech Energy Ventures, Japan Energy Fund, Liberty Media, M&G Catalyst, Full Circle Capital, 3 M Ventures and Ogci Climate Investments are named as investors in this round.
What does Svante do?
Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a..
Where is Svante based and how big is it?
Svante is based in Burnaby, British Columbia, Canada.
Who are the decision-makers at Svante?
Fundz holds 1 contact at Svante, including the Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

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

  • NEXT Renewable Fuels, Inc. raised $950K on January 25, 2023.
  • FuelBuddy raised $20M (Funding Round) on January 23, 2023.
  • Petrosun raised $572K (Seed) on January 18, 2023.
  • Bristow Group raised an undisclosed amount (Funding Round) on January 11, 2023.
  • DHT Holdings raised $305M (Funding Round) on January 9, 2023.
  • Lithos Energy raised an undisclosed amount on January 6, 2023.

Who to call at Svante, and when

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Company Information

Company

Svante

Location

Burnaby, British Columbia, Canada

About

Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and carbon removal a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu. To learn more about Svante, click here or visit www.svanteinc.com.

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Related People

1 contact
Verified contactsClaude L., Executive Officer hidden hidden hiddenSee plans and pricing
Predictive Intelligence
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Svante 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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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.