# Carbon Clean Solutions

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

- Industry: Environmental Services
- Headquarters: London, UK
- Website: www.carbonclean.com
- Total disclosed funding: $137M
- Latest round: Series C (Mar 9, 2022)
- Investors on record: 12

## About

Carbon Clean Solutions Limited specializes in carbon capture technology, focusing on industrial decarbonization. Their innovative solutions enable industries to reduce CO2 emissions efficiently while maintaining operational performance.Founded in 2009, Carbon Clean Solutions Limited is headquartered in London, UK. The company provides advanced carbon capture solutions and has undergone significant growth since its inception. Aniruddha Sharma, one of the co-founders, serves as the CEO, bringing extensive experience in the field. The company has successfully completed 11 deals, with the latest funding round occurring on March 9, 2022, securing USD 100 mn in Series C funding led by Chevron Technology Ventures and featuring participation from other notable investors. The total amount raised amounts to USD 100 mn, with a current company valuation of USD 620.41 mn.Carbon Clean is a leading provider of carbon capture technology, primarily focused on the decarbonization of industrial sectors. Their flagship product, CycloneCC, offers a modular, space-efficient solution designed for capturing CO2 emissions from various industrial processes, including cement, steel, and energy production. The technology integrates seamlessly into existing facilities, allowing for reduced plant downtime and improved operational efficiency. Carbon Clean’s clientele includes major global corporations such as Chevron, Cemex, Samsung, and Tata Steel, which utilize their advanced carbon capture solutions to achieve ambitious sustainability targets. The company operates across multiple geographical markets, including Europe, North America, and Asia, positioning itself strategically to serve industries in regions actively pursuing carbon neutrality and sustainability goals.In the most recent financial year, Carbon Clean reported a revenue of USD 14.89 mn alongside an EBITDA loss of USD 24.94 mn, reflecting the company's ongoing investments in technology and market expansion.Following the successful Series C funding round, Carbon Clean intends to utilize the USD 100 mn raised to expand its business reach and enhance its product offerings. The company is focused on developing new carbon capture technologies and plans to enter additional markets in Europe, North America, and Asia, aiming for implementation by 2025. This strategic growth will support the company's mission to assist industries in meeting their carbon reduction goals.

## Funding rounds

- Series C, Mar 9, 2022, $100M — Chevron Technology Ventures, Marubeni, AXA Investment Managers, ICOS Capital, WAVE Equity Partners, Samsung Venture Investment, Aramco Ventures, CEMEX Ventures, Transcanada Pension Plan
- Series B, Jun 30, 2021, $8M — ICOS Capital, WAVE Equity Partners, CEMEX Ventures, Equinor Ventures
- Series B, Jul 2, 2020, $10M — Chevron Technology Ventures, Marubeni, ICOS Capital, WAVE Equity Partners, Equinor Ventures
- Series B, Feb 3, 2020, $13M — Chevron Technology Ventures, Marubeni, WAVE Equity Partners
- Series A, Sep 3, 2015, $5.2M — SG Hambros
- Angel, Jan 31, 2011, $1.1M — Blume Ventures

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Angel
- SG Hambros (https://capitalatlas.ai/funds/sg-hambros) — Series A
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B, Series C
- Marubeni — Series B, Series C
- WAVE Equity Partners (https://capitalatlas.ai/funds/wave-equity-partners) — Series B, Series C
- ICOS Capital (https://capitalatlas.ai/funds/icos-capital) — Series B, Series C
- Equinor Ventures — Series B
- CEMEX Ventures (https://capitalatlas.ai/funds/cemex-ventures) — Series B, Series C
- AXA Investment Managers — Series C
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series C
- Transcanada Pension Plan — Series C