# Carbon Ridge

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

- Industry: Environmental Services
- Headquarters: Santa Monica, US
- Website: www.carbonridge.net
- Total disclosed funding: $15M
- Latest round: Seed (Oct 22, 2024)
- Investors on record: 11

## About

Established in 2021 and based in California, US, Carbon Ridge, Inc. operates as a developer of modular onboard carbon capture and storage solutions (OCCS) for decarbonizing the maritime industry. In October 2024, Carbon Ridge, Inc. raised USD 9.5 million in venture funding co-led by new investors Crosscut Ventures Management and Western Technology Investment, with participation from other new investors Katapult, Incite Ventures, Spitzer Industries, and Canopy Generations Fund. Returning investors Grantham Foundation, Berge Bulk, Rusheen Capital Management, and Plug and Play Ventures also participated in the round.

The company provides carbon capture and storage solution (OCSS) with capture, compression, and storage technology that captures exhaust gas, routes into the skid where the CO2 and exhaust gas are separated sends separated CO2 gas to a second container for compression, and transfers to storage tanks. Carbon Ridge’s technology provides a low-cost and near-term solution to minimize carbon dioxide and other greenhouse gas emissions from commercial shipping.

The company will use the funding to support the commercial demonstration of its products.

## Funding rounds

- Seed, Oct 22, 2024, $9.1M — Western Technology Investment, Crosscut Ventures Management, Grantham Foundation, Spitzer Industries, Inc., Plug and Play, Incite Ventures, Katapult, Rusheen Capital Management, Berge Bulk, Canopy Generations Fund
- Seed, Sep 12, 2022, $6M — Grantham Foundation, Plug and Play, Crowley Maritime Corporation, Rusheen Capital Management, Berge Bulk

## Investors

- Grantham Foundation — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Crowley Maritime Corporation — Seed
- Rusheen Capital Management (https://capitalatlas.ai/funds/rusheen-capital-management) — Seed
- Berge Bulk — Seed
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Seed
- Spitzer Industries, Inc. — Seed
- Incite Ventures (https://capitalatlas.ai/funds/incite-ventures) — Seed
- Katapult (https://capitalatlas.ai/funds/katapult) — Seed
- Canopy Generations Fund — Seed