# Air Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/air

- Industry: Consumer Products
- Headquarters: Brooklyn, US
- Website: www.aircompany.com
- Total disclosed funding: $99M
- Latest round: Series B (Sep 18, 2024)
- Investors on record: 11

## About

Established in 2017 and based in New York, US, Air Co. operates as a carbon technology company that converts carbon dioxide into various consumer products. In September 2024, Air Co. raised USD 69 million in series B funding led by new investor Avfuel Corporation, with participation from other new investors Lowercarbon Capital, In-Q-Tel, Alaska Airlines Corporate Development/Ventures, Connecticut Innovations, Duncan Aviation, JSSI Aviation Capital. Returning investors Carbon Direct, JetBlue Technology Ventures, Toyota Ventures, and individual investors also participated in the round.

The company offers various consumer products that include alcoholic beverages, Air Vodka, hand sanitizer, Air Spray, a fragrance, Air Eau de Parfum, sugar, and jet fuel made by converting carbon dioxide. The company uses a proprietary distillation process used for the separation of ethanol.

The company will use the funding to bolster the engineering and R&D capabilities of the company.

## Funding rounds

- Series B, Sep 18, 2024, $69M — Connecticut Innovations, In-Q-Tel, SKY VC, Toyota Ventures, Lowercarbon Capital, Carbon Direct Capital, Avfuel Corporation, Alaska Airlines Corporate Development/Ventures, JSSI Aviation Capital, Duncan Aviation, Inc.
- Series A, Apr 20, 2022, $30M — SKY VC, Toyota Ventures, Parley For The Oceans, Carbon Direct Capital

## Investors

- SKY VC (https://capitalatlas.ai/funds/sky-vc) — Series A, Series B
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A, Series B
- Parley For The Oceans — Series A
- Carbon Direct Capital (https://capitalatlas.ai/funds/carbon-direct-capital) — Series A, Series B
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series B
- Avfuel Corporation — Series B
- Alaska Airlines Corporate Development/Ventures — Series B
- JSSI Aviation Capital (https://capitalatlas.ai/funds/jssi-aviation-capital) — Series B
- Duncan Aviation, Inc. — Series B