# Svante Technologies

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

- Industry: Environmental Services
- Headquarters: Burnaby, Canada
- Website: www.svanteinc.com
- Total disclosed funding: $326M
- Latest round: Series E (Mar 29, 2023)
- Investors on record: 22

## About

Based in Canada, and founded in 2007, Svante Technologies Inc., previously known as Inventys Thermal Technologies Inc., operates as an environmental service company that develops carbon dioxide (CO2) capture process solutions for lime, aluminium, cement, steel, blue hydrogen, pulp and paper, oil and gas, fertilizer plants, and more industries.In August 2024, the company raised CAD 68.5 million in venture debt funding from Canada Development Investment Corporation. The round was part of a larger CAD 137 million venture debt funding. As of 2023, the company is led by its CEO, Claude Letourneau, and has a client base that includes companies like Chart, Suncor, Temasek, and many more.

Svante offers various modular carbon capture machines and filters used for capturing carbon dioxide from diluted flue gas streams. The company uses solid sorbent carbon capture technology for the VeloxoTherm Process, a direct intensified rapid cycle temperature swing adsorption (i-TSA) process. The company’s product portfolio includes URSA 1000 and URSA 2000, which capture 500 and 2,000 metric tonnes of carbon dioxide per day, respectively.

The company will use the August 2024 funding to accelerate the design and construction of its commercial carbon capture and removal projects in the US and Canada.

## Funding rounds

- Series E, Mar 29, 2023, $15M — United Airlines Ventures
- Series E, Dec 15, 2022, $203M — Temasek Holdings, Liberty Media Corporation, Chevron Corporation, Samsung Venture Investment, 3M Ventures, Full Circle Capital, M&G, Oil and Gas Climate Initiative, Delek, Hesta, United Airlines Ventures, TechEnergy Ventures, GE Vernova Group, Japan Energy Capital
- Series D, Feb 1, 2021, $75M — BDC Capital, Chrysalix, Export Development Canada, Chevron Technology Ventures, Temasek Holdings, Chart Industries, Inc., The Roda Group, Oil and Gas Climate Initiative, Carbon Direct Capital
- Series C, Jun 25, 2019, $10M — BDC Capital, Chevron Technology Ventures, The Roda Group, Husky Energy, Oil and Gas Climate Initiative
- Series C, Dec 28, 2018, $4.8M — BDC Capital, Chevron Technology Ventures
- Series C, Jul 16, 2018, $11M — Chevron Technology Ventures, The Roda Group, Oil and Gas Climate Initiative
- Series B, Jul 11, 2017, $7.7M — Chrysalix, The Roda Group, Husky Energy

## Investors

- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Series B, Series D
- The Roda Group (https://capitalatlas.ai/funds/the-roda-group) — Series B, Series C, Series D
- Husky Energy — Series B, Series C
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series C, Series D
- Oil and Gas Climate Initiative — Series C, Series D, Series E
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series C, Series D
- Export Development Canada — Series D
- Temasek Holdings — Series D, Series E
- Chart Industries, Inc. — Series D
- Carbon Direct Capital (https://capitalatlas.ai/funds/carbon-direct-capital) — Series D
- Liberty Media Corporation — Series E
- Chevron Corporation — Series E
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series E
- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series E
- Full Circle Capital — Series E
- M&G (https://capitalatlas.ai/funds/m-g) — Series E
- Delek — Series E
- Hesta — Series E
- United Airlines Ventures (https://capitalatlas.ai/funds/united-airlines-ventures) — Series E
- TechEnergy Ventures (https://capitalatlas.ai/funds/techenergy-ventures) — Series E
- GE Vernova Group — Series E
- Japan Energy Capital (https://capitalatlas.ai/funds/japan-energy-capital) — Series E