ImpactAlpha, April 19 – Helsinki-based Carbo Culture converts wood chips and other biomass into stable biocarbon that the company says can lock carbon away for 1,000 years.
The technology is designed around “one of the largest drawdown mechanisms in the world: the natural carbon cycle,” said Carbo Culture’s Henrietta Moon.
True Ventures, Cherry Ventures and Swiss climate investor Übermorgen Ventures backed the woman-led company’s $6.2 million funding round.
Carbon capture and storage tech, an estimated $1 trillion annual opportunity, is getting increased attention as it becomes clear reduced emissions won’t be enough to meet global climate goals (see, “How negative can carbontech entrepreneurs go?”).
Canada’s Svante raised $75 million in February to capture carbon from industrial sources.