# Octavia Carbon Co.

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

- Industry: Renewable Energy
- Headquarters: Nairobi, Kenya
- Website: www.octaviacarbon.com
- Total disclosed funding: $3.9M
- Latest round: Seed (Oct 16, 2024)
- Investors on record: 6

## About

Founded in 2019 and based in Nairobi, Kenya, Octavia Carbon Co. operates as a renewable energy company that installs and deploys Direct Air Carbon Capture machines in Kenya. In October 2024, Octavia Carbon Co. raised USD 3.9 million in seed funding co-led by new investors Lateral Frontiers and E4E Africa, with participation from returning investor Renew capital. Other new investors Catalyst Fund, Launch Africa Ventures, and Fondation Botnar also participated in the round. The round was part of a larger USD 5 million seed and venture debt funding.

Octavia Carbon specializes in Direct Air Capture, a groundbreaking technology that filters carbon dioxide directly from the air. This captured CO2 can then be permanently stored underground or converted into climate-neutral carbon products, including sustainable aviation fuels. The technology uniquely harnesses Kenya's abundant renewable electricity and geothermal heat to power DAC plants cost-effectively. The carbon is stored in basaltic rock found in the Kenyan Rift, ensuring a secure and long-term solution with minimal environmental impact.

The funding will support Octavia Carbon Co. in building additional carbon capture machines and scale its operations for increased carbon removal capacity.

## Funding rounds

- Seed, Oct 16, 2024, $3.9M — Lateral Frontiers, Catalyst Fund, E4E Africa, Launch Africa Ventures, Fondation Botnar, Renew Capital

## Investors

- Lateral Frontiers (https://capitalatlas.ai/funds/lateral-frontiers) — Seed
- Catalyst Fund (https://capitalatlas.ai/funds/catalyst-fund) — Seed
- E4E Africa (https://capitalatlas.ai/funds/e4e-africa) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- Fondation Botnar — Seed
- Renew Capital (https://capitalatlas.ai/funds/renew-capital) — Seed