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§ Private Profile · Seattle, WA, USA
Climate tech startup developing photocatalytic marine carbon dioxide removal technology for corporate buyers, focused on CO₂ sequestration.
Based in Seattle, Washington, Banyu Carbon develops a photocatalytic technology that utilizes sunlight to extract carbon dioxide directly from seawater for permanent geologic storage or industrial use. The company operates within the marine carbon dioxide removal sector, generating revenue by selling carbon removal credits to corporate buyers aiming to meet sustainability targets. The business employs a team of six employees and has secured $8.5 million in total funding, comprising a $2 million pre-seed round and a $6.5 million seed round, alongside a $270,000 National Science Foundation grant. Banyu Carbon is backed by investors including the Grantham Foundation and United Airlines Ventures, and finalized a $500,000 offtake agreement with Frontier to remove 350 tons of carbon dioxide by 2026 on behalf of buyers like Stripe and Shopify. The organization was founded in 2022 by Julian Sachs and Alex Gagnon.
Banyu Carbon has raised $8.8M across 1 funding round.
Banyu Carbon has raised $8.8M in total across 1 funding round.
Banyu Carbon has raised $8.8M across 1 funding round. Most recently, it raised $8.8M Grant / Pre-Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 29, 2024 | $8.8M Grant | Grantham Foundation | Carbon Removal Partners, National Science Foundation, ReGen Ventures, United Airlines | Announced |
Banyu Carbon has raised $8.8M in total across 1 funding round.
Banyu Carbon's investors include Grantham Foundation, Carbon Removal Partners, National Science Foundation, ReGen Ventures, United Airlines.