Climeworks raises CHF 73M
The largest ever private investment into direct air capture
Climeworks has successfully raised CHF 73 million (USD 75 million) in equity from private investors. This is the largest private investment into direct air capture to date. The funding will help to drive forward the company’s scale-up roadmap and expand its carbon dioxide removal capacities.
Climeworks
Although the world is struck by a global pandemic, the urgency of the climate crisis does not subside. Investment in the large-scale deployment of climate solutions provides the opportunity to stimulate economies and build a more resilient world – meaning every dollar invested works harder, bringing additional benefit.
Private investors have again confirmed their trust in the Climeworks’ potential as a solution to reverse climate change and invested a further CHF 73 million (USD 75 million) in equity – the largest private investment ever made into direct air capture. This brings the total sum invested in Climeworks since it was founded in 2009, to over CHF 120 million.
“We are very thankful for the long-term commitment of our investors, who shared our vision of a climate-positive world from the very beginning. This financing round will take Climeworks to the next level and help us make an ever-bigger contribution to reversing climate change. We aim to inspire 1 billion people to remove carbon dioxide from the air – and this investment will contribute to achieve that goal.” says Christoph Gebald, co-founder and co-CEO of Climeworks.
Since 2017, Climeworks has grown rapidly from 30 to over100 employees and team members in three countries: Switzerland;Germany;and the Netherlands. In the coming years, thefocus lies on further scaling up the Climeworks direct air capture technology, achievable with a rigorous scale-uproadmap. In doing so, Climeworks takes one step closer to becoming truly climaterelevant and contributing to reversing climate change.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
Most read news
More news from our other portals
Possible trigger of Crohn’s disease discovered
Dysfunctional mitochondria disrupt the gut microbiome
Cost-effective modular system for optical imaging from the 3D printer
Like building with Lego bricks
Something is happening in the chemical industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.
