Climeworks Raises $650M in Series F

Climeworks has successfully raised $650M in a Series F at a $2B valuation led by Partners Group, GIC, John Doerr, M&G Investments, Baillie Gifford.

Company Overview

Climeworks is a Climate Tech company headquartered in Birchstrasse 155, Zurich 8050, Switzerland, founded in 2009 with 400+ employees.

Direct air capture of CO2

Fundraising Details

Amount Raised: $650M
Round Type: Series F
Valuation: $2B
Date: 2024-05-08
Investors: Partners Group, GIC, John Doerr, M&G Investments, Baillie Gifford

About Climeworks

Direct air capture of CO2 The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Birchstrasse 155, Zurich 8050, Switzerland
Founded: 2009
Team Size: 400+
Industry: Climate Tech

What This Means

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

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Climeworks, positioning the company among notable players in the Climate Tech industry.

Looking Ahead

With this new capital, Climeworks 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 2024-05-08. For more information about Climeworks, visit their headquarters at Birchstrasse 155, Zurich 8050, Switzerland.