Paebbl

Paebbl Raises $25 Million in Series A - October 9, 2024

Executive Summary

Paebbl creates industrial materials that permanently store captured carbon dioxide through mineralization technology, turning CO2 into carbon-negative concrete and building materials.

Funding Amount: $25 Million

Valuation: Undisclosed

Round Type: Series A

Announced: October 9, 2024

Headquarters: Rotterdam, Netherlands

Category: Climate Tech - Carbon Mineralization

About Paebbl

Paebbl was founded in 2022 and is headquartered in Rotterdam, Netherlands.

Paebbl creates industrial materials that permanently store captured carbon dioxide through mineralization technology, turning CO2 into carbon-negative concrete and building materials.

Funding Round Details

Investment Amount

Paebbl successfully raised $25 Million in this Series A funding round.

Lead Investors & Participants

Capnamic (Lead Investor): German venture capital firm leading the Series A round

Amazon Climate Pledge Fund (Strategic Investor): Amazon's $2 billion fund investing in climate solutions

Holcim (Strategic Investor): Global construction materials and solutions leader

Aurum Impact (New Investor): European impact investment firm

Goldbeck (New Investor): European construction company investing strategically

Pale Blue Dot (Existing Investor): Climate tech VC continuing from seed round

2050 (Existing Investor): Climate-focused venture capital firm

Grantham Foundation (Existing Investor): Environmental conservation and sustainability foundation

Use of Funds

The $25 million will scale production from current 250 kg daily output to 3 metric tons per day, establish a demonstration plant in 2025, and advance toward industrial-scale carbon storage in construction materials. Funds will also support team expansion and R&D.

Key Metrics & Achievements

• Carbon-storing material contains 15-30% CO2 by weight
• Reached first ton of carbon sequestered in May 2024
• Currently producing 250 kg of material daily
• Scaling to 3 metric tons per day with new funding
• Demonstration plant planned for 2025
• Each kg of material permanently stores 150-300g of CO2
• Grew from lab to pilot facility in 18 months

Business Model

Paebbl licenses its carbon mineralization technology to concrete and construction material manufacturers, providing both the process technology and carbon credits. Revenue comes from technology licensing fees, per-ton carbon storage fees, and sale of carbon credits generated by permanent CO2 storage. The business model scales with construction industry adoption.

Market Opportunity & Competition

Paebbl competes in the carbon capture and storage market with companies like CarbonCure, Solidia Technologies, CarbiCrete, and traditional carbon capture approaches. Paebbl differentiates through permanent CO2 storage in building materials (versus temporary storage), partnerships with major construction companies like Holcim, and focus on scalable industrial processes. The carbon-negative concrete market is growing as construction seeks decarbonization.

This fundraising report was announced on October 9, 2024 and represents verified data from TechCrunch, Crunchbase, Bloomberg, CoinDesk, PR Newswire, and official company announcements.