Carbon capture company CarbonCure has just secured $80 million in a new equity round led by Blue Earth Capital.
The new funding is expected to help the company’s carbon dioxide removal (CDR) technology reach a global scale.
In doing so, CarbonCure can further help decarbonize the concrete industry while also expanding its supply of high-quality, verified carbon credits.
In addition to the investment from Blue Earth Capital, the equity round saw more funding from existing shareholders, among which are Taronga Ventures, Microsoft Climate Innovation Fund, Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund and others.
The round also saw investment from new players like Samsung Ventures and BH3 Growth Equity, both of which specialize in developing new products and act as market demand catalysts.
With the help of this latest equity round, CarbonCure will be able to remove millions of tons of CO2 from the atmosphere every year.
Robert Niven, Chair and CEO of CarbonCure Technologies said: “The financial backing of this special syndicate of investors is an exciting endorsement of CarbonCure as a go-to solution for low embodied carbon concrete, a leader in carbon removal technologies and a provider of the highest quality carbon credits in the voluntary carbon market.”