CarbonCapture is a technology company.
CarbonCapture has raised $115.0M across 2 funding rounds.
CarbonCapture has raised $115.0M in total across 2 funding rounds.
CarbonCapture has raised $115.0M in total across 2 funding rounds.
CarbonCapture's investors include Alumni Ventures, Amazon Climate Pledge Fund, Bee Partners, Blue Bear Capital, Contrary Capital, Next Play Ventures, Prime Movers Lab, Sequoia Capital, UP.Partners, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan.
CarbonCapture Inc. is a climate technology company developing modular direct air capture (DAC) systems to remove CO₂ from the atmosphere. Its Leo Series modules, sized like standard shipping containers, capture over 500 tons of CO₂ annually per unit and connect into scalable arrays for massive deployment, with sales starting in 2025[1][3][5]. The company serves carbon removal project developers, offering high-quality removal credits verified for permanence via underground storage, while solving atmospheric decarbonization by enabling permanent CO₂ sequestration or use in low-carbon fuels and concrete[2][3]. Growth momentum includes an $80 million Series A in March 2024 and plans for Arizona manufacturing tied to ASU partnerships, positioning it for rapid scaling amid rising climate tech demand[1][3].
CarbonCapture emerged from efforts to accelerate DAC commercialization, with CTO Saeb Besarati joining the founding team in 2019 after 15+ years in climate tech, renewable energy, and DAC development. He led the leap from lab prototypes to field deployment, culminating in the 2024 launch of its first commercial-scale unit[7]. CEO Adrian Corless drives the vision, emphasizing Arizona's renewable energy, workforce, and infrastructure for expansion, including ASU collaborations under "The New Photon Economy" initiative[1][7]. Early traction built on patented Modular Open Systems Architecture (MOSA) for plug-and-play scalability, with pivotal funding in 2024 fueling mass production ambitions[1][3].
CarbonCapture rides the DAC surge within the net-zero trend, targeting the 100 billion tons of CO₂ removal needed by 2100 through engineered atmospheric capture[3][5]. Timing aligns with policy tailwinds like U.S. incentives for carbon management and growing demand for verified credits, amplified by Arizona's renewable energy hub and academic ties[1]. Market forces favor it: plummeting renewable costs, industrial CO₂ utilization needs, and coalition efforts (e.g., Carbon Capture Coalition) for deployment across power, industry, and removal[1][6]. It influences the ecosystem by pioneering mass-producible DAC, lowering costs via modularity, and enabling global project scaling, potentially reducing capture expenses as seen in related tech advancements[3][4].
CarbonCapture is primed for megaton-scale DAC rollout, with Leo Series deployments from 2025, Arizona hubs, and partnerships unlocking gigatons of removal capacity. Trends like cheaper sorbents, geological storage expansion, and carbon market maturation will propel it, alongside needs for synthetic fuels and low-carbon materials[3][5]. Its influence may evolve into a DAC hardware standard-setter, powering "New Photon Economies" and drawing billions in project finance—humanizing climate action through scalable tech that turns ambition into atmospheric impact.
CarbonCapture has raised $115.0M across 2 funding rounds. Most recently, it raised $80.0M Series A in March 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2024 | $80.0M Series A | Alumni Ventures, Amazon Climate Pledge Fund, Bee Partners, Blue Bear Capital, Contrary Capital, Next Play Ventures, Prime Movers Lab, Sequoia Capital, UP.Partners, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Drew Houston, Dylan Field, Elad Gil, Jonathan Wasserstrum, Kyle Vogt, Marc Benioff, Sahin Boydas, Sam Altman | |
| Oct 1, 2021 | $35.0M Series A | Alumni Ventures, Amazon Climate Pledge Fund, Bee Partners, Blue Bear Capital, Contrary Capital, Next Play Ventures, Prime Movers Lab, Sequoia Capital, UP.Partners, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Drew Houston, Dylan Field, Elad Gil, Jonathan Wasserstrum, Kyle Vogt, Marc Benioff, Sahin Boydas, Sam Altman |