# Avnos

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

- Industry: Environmental Services
- Headquarters: Santa Monica, US
- Website: www.avnos.com
- Total disclosed funding: $36M
- Latest round: Series A (Feb 6, 2024)
- Investors on record: 5

## About

Based in California, US, and founded in 2021, Avnos, Inc. operates as an environmental technology firm that offers carbon dioxide removal (CDR) solutions. The company was founded by its CEO, Will Kain. In July 2023, Avnos, Inc. raised USD 80 million in venture funding from ConocoPhillips, JetBlue Technology Ventures, and Shell Ventures.

Avnos offers an HDAC (Hybrid direct air capture) technology, which is a carbon dioxide removal (CDR) technology that leverages air, electricity, and solid sorbents to capture carbon dioxide (CO2) from the atmosphere and produce water as a byproduct. The firm’s technology uses moisture swing adsorption, which eliminates the need for heat and reduces energy consumption. The technology uses a wave separator that has two sections to capture CO2 and water.

The company plans to use the funds raised in July 2022 to support the production of HDAC units.

## Funding rounds

- Series A, Feb 6, 2024, $36M — Shell Ventures, Safran Corporate Ventures, NextEra Energy Resources, LLC, Rusheen Capital Management, Envisioning Partners

## Investors

- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- Safran Corporate Ventures (https://capitalatlas.ai/funds/safran-corporate-ventures) — Series A
- NextEra Energy Resources, LLC — Series A
- Rusheen Capital Management (https://capitalatlas.ai/funds/rusheen-capital-management) — Series A
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series A