# Carbon Blue

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

- Industry: Environmental Services
- Headquarters: Haifa, Israel
- Website: www.carbonblue.cc
- Total disclosed funding: $10M
- Latest round: Seed (Jul 22, 2024)
- Investors on record: 7

## About

Based in Haifa, Israel, and founded in 2022 by CEO Dan Deviri and COO Iddo Tsur, Carbon Blue Ltd. operates as an environmental services company that develops and manufactures equipment to absorb carbon dioxide from the atmosphere using water sources. In July 2024, Carbon Blue Ltd. raised USD 10 million in seed funding co-led by Fresh.fund and Ibex Investors, with participation from Jibe Ventures, MoreVC, and Secret Chord Ventures, with participation from ZIM Ventures and ENGIE New Ventures.

CarbonBlue offers a water-based carbon dioxide removal (CDR) technology that utilizes a simple chemical process to extract CO2 from water. This process involves mineralization using lime to bond CO2, converting it into limestone and returning decarbonated water to its source, enabling it to absorb more CO2. The technology is adaptable to various water-rich environments, including natural bodies of water and industrial systems like cooling and energy generation. The outputs of the process are pure CO2 and decarbonated water, with the CO2 either sequestered or used in industrial applications, contributing to the circular economy and reducing carbon footprints.

The company plans to use its proceeds from July 2024 funding to expand its global operations, scale up its technology, and advance novel integrations with water-utilizing industrial facilities.

## Funding rounds

- Seed, Jul 22, 2024, $10M — MoreVC, Ibex Investors, ENGIE New Ventures, Fresh.fund, Jibe Ventures, Secret Chord Ventures, ZIM Ventures

## Investors

- MoreVC (https://capitalatlas.ai/funds/morevc) — Seed
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Seed
- ENGIE New Ventures (https://capitalatlas.ai/funds/engie-new-ventures) — Seed
- Fresh.fund (https://capitalatlas.ai/funds/fresh-fund) — Seed
- Jibe Ventures (https://capitalatlas.ai/funds/jibe-ventures) — Seed
- Secret Chord Ventures (https://capitalatlas.ai/funds/secret-chord-ventures) — Seed
- ZIM Ventures — Seed