CarbonCapture Raises $80M in Series B

CarbonCapture has successfully raised $80M in a Series B at a $300M valuation led by Prime Movers Lab, Idealab, Marc Benioff, Sherpa Capital.

Company Overview

CarbonCapture is a Climate Tech company headquartered in 17785 Center Court Drive, Cerritos, CA 90703, founded in 2020 with 100+ employees.

Modular direct air capture systems

Fundraising Details

Amount Raised: $80M
Round Type: Series B
Valuation: $300M
Date: 2024-10-16
Investors: Prime Movers Lab, Idealab, Marc Benioff, Sherpa Capital

About CarbonCapture

Modular direct air capture systems The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 17785 Center Court Drive, Cerritos, CA 90703
Founded: 2020
Team Size: 100+
Industry: Climate Tech

What This Means

This funding round demonstrates strong investor confidence in CarbonCapture's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Climate Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. CarbonCapture's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $300M valuation marks an important milestone for CarbonCapture, positioning the company among notable players in the Climate Tech industry.

Looking Ahead

With this new capital, CarbonCapture is well-positioned to execute on its growth strategy and continue building innovative solutions in the Climate Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-16. For more information about CarbonCapture, visit their headquarters at 17785 Center Court Drive, Cerritos, CA 90703.