# Heimdal

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

- Industry: Materials
- Headquarters: Oxfordshire, UK
- Website: www.heimdalccu.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Aug 30, 2021)
- Investors on record: 7

## About

Heimdal Limited is a UK-based company specializing in Direct Air Capture (DAC) technology to effectively remove carbon dioxide from the atmosphere, contributing to climate change mitigation efforts.Heimdal Limited focuses on carbon dioxide removal through its flagship facility, Bantam, located in Oxfordshire, UK. Founded by Marcus Lima, the company has successfully transitioned to a sustainable technology provider. In August 2021, Heimdal secured USD 6.4 mn in SEED funding led by Y Combinator, with additional investments from Apollo Projects and others, marking it as a significant step in its growth strategy.Heimdal specializes in Direct Air Capture (DAC) technology, primarily through its Bantam facility, recognized as America’s largest DAC installation. It captures over 5,000 tons of carbon dioxide (CO2) annually, utilizing advanced chemical processes to extract CO2 from ambient air. The company serves a diverse clientele, including government entities and corporations committed to sustainability and carbon neutrality, offering effective carbon management solutions.Heimdal's revenue model is centered around B2B transactions with businesses and organizations focused on sustainability. Clients engage through structured agreements for purchasing carbon offsets or long-term service contracts for carbon management solutions. The company provides carbon offset credits derived from its DAC process, facilitating businesses in offsetting their emissions, coupled with partnerships that enhance the visibility of Heimdal’s technology.Heimdal plans to leverage the recent SEED funding of USD 6.4 mn, obtained in August 2021, to develop new products and expand its market reach. The company aims to enhance its carbon capture capabilities and explore additional geographic markets across North America by mid-2023, focusing on sustainable partnerships that align with its technology.

## Funding rounds

- Seed, Aug 30, 2021, $6.4M — Y Combinator, Soma Capital Management, Liquid 2 Ventures, Cathexis Investment Management, Metaplanet Holdings, Broom Ventures, Apollo Projects

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Seed
- Broom Ventures (https://capitalatlas.ai/funds/broom-ventures) — Seed
- Apollo Projects (https://capitalatlas.ai/funds/apollo-projects) — Seed