# CarbonQuest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carbonquest

- Industry: Environmental Services
- Headquarters: New York, US
- Website: www.carbonquest.com
- Latest round: Series A (Aug 8, 2024)
- Investors on record: 1

## About

Based in the US, CarbonQuest, Inc. specializes in innovative carbon capture technology, providing solutions that significantly reduce CO2 emissions in various industrial and commercial applications.CarbonQuest, Inc. focuses on distributed carbon capture technology, offering its flagship product, Building Carbon Capture™, which captures up to 95% of CO2 emissions from natural gas boilers. Founded in 2019, the company is headquartered in New York, US. Co-founders Delorne Naidoo and Shane Johnson have a history of developing sustainable technologies. The company has raised USD 20.00 mn in funding across two deals, with Riverbend Energy Group leading the most recent round in February 2025.CarbonQuest specializes in distributed carbon capture technology, primarily focusing on its flagship product, Building Carbon Capture™, which effectively captures up to 95% of CO2 emissions generated from natural gas boilers during building operations. This modular and scalable solution employs non-toxic materials to trap CO2 before it enters the atmosphere, addressing the urgent need for immediate decarbonization. The technology is designed for a diverse client base, including large buildings, industrial facilities, utilities, and educational institutions, all of which seek to comply with evolving emissions regulations. CarbonQuest's offerings are particularly relevant in urban environments, where building emissions can constitute 60-90% of total city emissions. The company has implemented its solutions in various markets across the United States, with notable installations in New York City, Spokane, and Washington, DC, enhancing sustainability efforts in these regions.CarbonQuest generates revenue through the implementation and operation of its carbon capture systems, which are often structured as business-to-business transactions with institutional clients. The company provides a turnkey solution for carbon management that includes installation, maintenance, and operation of their carbon capture technology. Clients benefit from enhanced sustainability compliance while potentially creating a revenue stream by selling the liquified CO2 captured by the system to various offtakers for environmentally beneficial applications, such as CO2 mineralization in concrete. The cloud-based Carbon Management System™ also offers clients the ability to track and measure CO2 emissions, which is essential for meeting regulatory reporting requirements. Revenue is derived from both upfront installation fees and ongoing service agreements tailored to the specific needs of their clients.In February 2025, CarbonQuest, Inc. raised USD 20.00 mn in venture funding led by Riverbend Energy Group, with participation from Aligned Climate Capital and Energy Capital Ventures. The company plans to use this funding to expand the implementation of its carbon capture technologies. Future growth initiatives include the development of new products and expansion into additional markets across North America, enhancing their client base and increasing their footprint in urban areas that require effective emissions solutions.

## Funding rounds

- Series A, Aug 8, 2024 — Riverbend Energy Group

## Investors

- Riverbend Energy Group (https://capitalatlas.ai/funds/riverbend-energy-group) — Series A