# Carbon Capture

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

- Industry: Environmental Services
- Headquarters: Pasadena, US
- Website: www.carboncapture.com/
- Total disclosed funding: $115M
- Latest round: Series A (Mar 12, 2024)
- Investors on record: 9

## About

Founded in 2019 by its chairman, Bill Gross, and based in California, US, Carbon Capture Inc. operates as a climate technology company that develops a machine that can remove carbon dioxide (CO2) from the atmosphere. In August 2023, Carbon Capture, Inc. raised USD 12.5 million in venture funding from the U.S. Department of Energy. As of 2023, the company is led by its CEO and CTO, Adrian Corless. In March 2024, Carbon Capture, Inc. raised USD 80 million in Series A funding led by Prime Movers Lab, including Alumni Ventures Group, Amazon, Aramco Ventures, Idealab, Neotribe Ventures, Siemens Financial Services, and Time Ventures.

Carbon Capture offers environmental technology solutions by developing and deploying direct air capture (DAC) machines that remove carbon dioxide (CO2) from the atmosphere. The company's DAC systems are designed to accommodate a wide range of solid sorbents, including amines, MOFs, hybrid solutions, and other novel materials. It allows for incremental upgrades, minimizes obsolescence, and accelerates development cycles.

The company plans to use the March 2024 funding for further development of technology and early field deployments of direct air capture systems.

## Funding rounds

- Series A, Mar 12, 2024, $80M — Aramco Ventures, Siemens Financial Services, Alumni Ventures Group, NeoTribe Ventures, Prime Movers Lab, Amazon, Time Ventures, Idealab
- Series A, Jan 9, 2023 — Alumni Ventures Group
- Series A, Sep 22, 2021, $35M — Rio Tinto Group, Idealab, Prime Movers Lab, Time Ventures

## Investors

- Rio Tinto Group — Series A
- Idealab (https://capitalatlas.ai/funds/idealab) — Series A
- Prime Movers Lab (https://capitalatlas.ai/funds/prime-movers-lab) — Series A
- Time Ventures (https://capitalatlas.ai/funds/time-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- Siemens Financial Services — Series A
- NeoTribe Ventures (https://capitalatlas.ai/funds/neotribe-ventures) — Series A
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A