# Fugu Carbon

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

- Industry: Renewable Energy
- Headquarters: Sydney, Australia
- Website: www.fugu.energy
- Total disclosed funding: $1.1M
- Latest round: Seed (Jun 11, 2024)
- Investors on record: 6

## About

Based in New South Wales, Australia, and founded in 2023 by Mac Thompson and Dr Luke Marshall, Fugu Carbon Pty Ltd, a.k.a. Fugu operates as a renewable services company that produces renewable fuels and gases through carbon dioxide air capture at scale and transports them to industrial users worldwide. In July 2024, Fugu raised USD 1.67 million in seed funding led by Investible, Jelix Ventures, Electrifi Ventures, and Counteract.

Fugu captures carbon dioxide that is crucial for producing sustainable e-fuels, including aviation fuel, methanol, and methane, and supplies it to industrial users worldwide. The company’s system utilizes renewable energy sources, such as wind and solar, to capture CO2 efficiently.

The company plans to use its proceeds from July 2024 funding to scale up production of units for sale to its first customer in Sydney. Fugua also plans to produce 2,000 shipping container-sized machines per year from each manufacturing facility and eventually extract a gigaton (1 billion metric tons) annually by 2032.

## Funding rounds

- Seed, Jun 11, 2024, $1.1M — Endless, Investible, Jelix Ventures, Counteract, Aussie Angels, Electrifi Ventures

## Investors

- Endless (https://capitalatlas.ai/funds/endless) — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed
- Jelix Ventures (https://capitalatlas.ai/funds/jelix-ventures) — Seed
- Counteract (https://capitalatlas.ai/funds/counteract) — Seed
- Aussie Angels — Seed
- Electrifi Ventures (https://capitalatlas.ai/funds/electrifi-ventures) — Seed