# Verdox

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

- Industry: Environmental Services
- Headquarters: Woburn, US
- Website: www.verdox.com
- Total disclosed funding: $49M
- Latest round: Series A (Dec 15, 2021)
- Investors on record: 3

## About

Based in Massachusetts, US, and founded in 2019 by Brian Baynes, T. Alan Hatton, and Sahag Voskian, Verdox, a spinoff from the Massachusetts Institute of Technology offers an electric system technology that helps to decarbonize the air. In February 2022, Verdox raised USD 20 million in venture funding from new investor Norsk Hydro ASA.

The company provides electro-swing adsorption (ESA) platform technology that aids in absorbing carbon dioxide from industrial emissions, particularly from aluminum production and the atmosphere. The technology extracts pure carbon dioxide from industrial gaseous emissions and releases it without the use of heat or water.

## Funding rounds

- Series A, Dec 15, 2021, $49M — Prelude Ventures, Breakthrough Energy Ventures, Lowercarbon Capital

## Investors

- Prelude Ventures — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A