# Banyu Carbon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/banyu-carbon

- Industry: Environmental Services
- Headquarters: Seattle, US
- Website: www.banyucarbon.com
- Total disclosed funding: $6.5M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 5

## About

Founded in 2022 and based in Seattle, US, Banyu Carbon Inc. provides carbon removal technology. The company was co-founded by Alex Gagnon (CEO) and Julian Sachs. The firm customer base includes Stripe, Shopify, H&M Group, and many others.  In February 2024, the firm raised USD 6.5 million in Seed funding led by investor ReGen Ventures, with participation from investors Carbon Removal Partners, Propeller, and United Airlines Ventures. Returning investor Grantham Foundation and investors also participated in the round.

The business uses a photochemical technique to produce a carbon-capturing technology. The company's method uses sunlight to start a chemical process that releases CO2 from seawater, and any remaining sunlight is used to create solar power. The CO2 that has been emitted can be used by industry or stored in geological formations. 

The company plans to use the February 2024 funding to build a pilot plant in the San Juan Islands.

## Funding rounds

- Seed, Feb 13, 2024, $6.5M — Grantham Foundation, United Airlines Ventures, ReGen Ventures, Carbon Removal Partners, Propeller

## Investors

- Grantham Foundation — Seed
- United Airlines Ventures (https://capitalatlas.ai/funds/united-airlines-ventures) — Seed
- ReGen Ventures (https://capitalatlas.ai/funds/regen-ventures) — Seed
- Carbon Removal Partners (https://capitalatlas.ai/funds/carbon-removal-partners) — Seed
- Propeller — Seed