# NeoCarbon

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

- Industry: Environmental Services
- Headquarters: Berlin, Germany
- Website: www.neocarbon.tech
- Total disclosed funding: $3.4M
- Latest round: Seed (Sep 22, 2023)
- Investors on record: 5

## About

Based in Berlin, Germany, and founded in 2021, NeoCarbon GmbH operates as an environmental company that provides reverse climate change technology. In September 2022, the firm raised USD 1.25 million in pre-seed funding co-led by new investors PropTech1 Ventures, and Speedinvest with participation from returning investors Antler. The company as of September 2022 is led by its co-founders René Haas (CEO) and Silvain Toromanoff (CTO).

The climate tech startup performs direct air capture (DAC) by retrofitting its device, in existing infrastructure in the form of cooling towers to capture CO2 emissions. The company has created its first prototype which is operating in a controlled environment as of September 2022, and the technology reduces the cost and time of DAC by 10 times.

The company plans to leverage the September 2022 funding for its next phase of development, converting its current lab-based proof-of-concept into a commercial pilot prototype by 2023 and expanding its engineering team to prepare for MVP.

## Funding rounds

- Seed, Sep 22, 2023, $3.4M — Speedinvest, RAISE, Antler, PT1, Mercutio GmbH

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- RAISE (https://capitalatlas.ai/funds/raise) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed
- PT1 — Seed
- Mercutio GmbH — Seed