# Spiritus Technologies, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spiritus-technologies-pbc

- Industry: Environmental Services
- Headquarters: US
- Website: www.spiritus.com
- Total disclosed funding: $24M
- Latest round: Series A (Oct 4, 2024)
- Investors on record: 5

## About

Based in New Mexico, US, and founded in 2021 by its CEO, Charles Cadieu, and CTO, Matt Lee, Spiritus Technologies, PBC operates as a climate tech company that develops solutions to capture and sequester megaton-scale CO2 from the atmosphere. In September 2023, Spiritus Technologies, PBC raised USD 11 million in venture funding led by Khosla Ventures, with participation from PageOne.vc. Other unspecified investors also participated in the round. 

Spiritus's product is a Direct Air Capture system that incorporates a novel solid sorbent material, a low-temperature desorption process, and a modular design. The combination of advancements ensures highly efficient carbon adsorption and sequestration. Notably, its DAC technology reduces energy consumption, speeds up sorption and desorption rates, and relies on renewable energy sources for scalability.

The company plans to use the venture funding to further improve its direct-air-capture carbon removal technology.

## Funding rounds

- Series A, Oct 4, 2024, $14M — Khosla Ventures, Aramco Ventures, Mitsubishi Heavy Industries, TDK Ventures
- Series A, Aug 25, 2023, $9.6M — Khosla Ventures, Page One Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Page One Ventures (https://capitalatlas.ai/funds/page-one-ventures) — Series A
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- Mitsubishi Heavy Industries — Series A
- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Series A