Climate Finance | December 16, 2021

Carbon America scores $30 million to capture and sequester carbon

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 16 — Arvada, Colo.-based Carbon America provides development, financing and management services for carbon capture and sequestration project partners.

“Carbon Capture has been around for a long time,” said Hans Kobler of Energy Impact Partners, which participated in the Series A round. “What’s been missing is the ability to finance, build and operate carbon capture projects, at scale, in an efficient, cost effective way.”

Carbon America is on a mission to help the biggest emitters of carbon in North America reduce their footprint, according to co-founder Alex Lau

Climate finance

Other investors in the round include ArcTern Ventures, Canada Pension Plan Investment Board, Golden Properties and ​​the Grantham Environmental Trust’s Neglected Climate Opportunities Fund.

Separately, Paris-based B-Corp Sweep raised $22 million to build a data platform to help large companies track and lower their carbon footprint.