Carbon Engineering

Carbon Engineering Raises $68M in Series Unknown

Carbon Engineering has successfully raised $68M in a Series Unknown at a $300M valuation led by BHP, Chevron, Occidental Petroleum, Bill Gates, Murray Edwards.

Company Overview

Carbon Engineering is a Climate Tech company headquartered in 37321 Galveston Road, Squamish, BC V8B 0G1, Canada, founded in 2009 with 150+ employees.

Direct air capture technology

Fundraising Details

• Amount Raised: $68M
• Round Type: Series Unknown
• Valuation: $300M
• Date: 2024-04-08
• Investors: BHP, Chevron, Occidental Petroleum, Bill Gates, Murray Edwards

About Carbon Engineering

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

Key Information

• Headquarters: 37321 Galveston Road, Squamish, BC V8B 0G1, Canada
• Founded: 2009
• Team Size: 150+
• Industry: Climate Tech

What This Means

This funding round demonstrates strong investor confidence in Carbon Engineering'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. Carbon Engineering's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

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

Looking Ahead

With this new capital, Carbon Engineering 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 2024-04-08. For more information about Carbon Engineering, visit their headquarters at 37321 Galveston Road, Squamish, BC V8B 0G1, Canada.