# Carbo Culture

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carbo-culture

- Industry: Renewable Energy
- Headquarters: Helsinki, Finland
- Website: www.carboculture.com/
- Total disclosed funding: $25M
- Latest round: Series A (Nov 28, 2023)
- Investors on record: 9

## About

Based in Finland, Carbo Culture Oy specializes in innovative carbon removal solutions through its proprietary Carbolysis™ technology, focusing on the production of high-quality biochar from waste biomass.Carbo Culture Oy, founded in 2013 and headquartered in Helsinki, Finland, develops advanced biochar solutions. The company has completed four deals, with its most recent funding round being a Series A, which raised USD 18.00 mn on November 28, 2023, co-led by investors GenZero, Tesi, and True Ventures. Pia Moon is the founder and current CEO, known for her leadership in sustainable technologies.Carbo Culture specializes in the development of biochar carbon removal solutions through its proprietary Carbolysis™ technology. The company’s core product is high-quality biochar, produced by converting waste biomass into a stable form of pure carbon. This biochar serves a dual purpose: it is utilized in agricultural and construction applications, where it enhances soil health and acts as a construction material, while also permanently sequestering carbon to combat climate change. The process generates renewable energy and yields tangible carbon credits. Carbo Culture targets multiple geographical markets, focusing on regions with significant agricultural and construction activities, and has established partnerships with industry pioneers to scale this technology.In 2023, Carbo Culture reported no revenue, with an EBITDA of -USD 3,210,207.30. The company generates revenue through business-to-business transactions, primarily supplying biochar to agricultural enterprises and construction firms. Their revenue model includes direct sales and long-term contracts, strengthening their financial foundation through partnerships in the renewable energy and agricultural sectors.In November 2023, Carbo Culture Oy raised USD 18 million in Series A funding to support initiatives aimed at creating commercial-scale projects that can capture up to 20,000 tons of CO2 annually. The company plans to expand its product offerings and enter new markets, specifically targeting regions with increasing demand for carbon removal solutions.

## Funding rounds

- Series A, Nov 28, 2023, $18M — Tesi, True Ventures, GenZero
- Seed, Apr 14, 2021, $6.2M — True Ventures, Lifeline Ventures, Cherry Ventures, Bragiel Brothers, Ubermorgen Ventures
- Seed, Feb 8, 2018, $0.7M — Lifeline Ventures, Bragiel Brothers, Wave Ventures, Starlight Ventures
- Seed, Apr 4, 2017 — Wave Ventures

## Investors

- Wave Ventures — Seed
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed
- Bragiel Brothers (https://capitalatlas.ai/funds/bragiel-brothers) — Seed
- Starlight Ventures (https://capitalatlas.ai/funds/starlight-ventures) — Seed
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- Ubermorgen Ventures (https://capitalatlas.ai/funds/ubermorgen-ventures) — Seed
- Tesi (https://capitalatlas.ai/funds/tesi) — Series A
- GenZero — Series A