# Graphyte

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

- Industry: Renewable Energy
- Headquarters: Memphis, US
- Website: www.graphyte.com
- Total disclosed funding: $30M
- Latest round: Series A (Jul 30, 2024)
- Investors on record: 4

## About

Founded in 2023 and based in Tennessee, US, Graphyte, Inc. operates as a carbon removal company. The company was founded by its CEO, Barclay Rogers. In July 2024, Graphyte, Inc. raised USD 30 million in Series A funding co-led by Prelude Ventures, Carbon Direct, Breakthrough Energy Ventures, and Overture. The Series A funding values Graphyte, Inc. at USD 85.18 million post-money.

The company’s primary product, Carbon Casting, utilizes readily available biomass like timber and crop residues. This biomass is dried, condensed into dense blocks, and encased in a protective barrier before being stored underground. The firm offers a service to remove carbon dioxide from the atmosphere that allows businesses and organizations to offset their carbon footprint and achieve net-zero targets.

The company plans to utilize the funding raised in July 2024 to launch four new carbon removal facilities and expand an existing project in Arkansas to reach a capacity of 50,000 tons of annual CO2 removal.

## Funding rounds

- Series A, Jul 30, 2024, $30M — Prelude Ventures, Breakthrough Energy Ventures, Carbon Direct Capital, Overture

## Investors

- Prelude Ventures — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Carbon Direct Capital (https://capitalatlas.ai/funds/carbon-direct-capital) — Series A
- Overture (https://capitalatlas.ai/funds/overture) — Series A