Climate-tech startup CarbonBlue has announced the completion of a seed funding round to scale up and deploy its groundbreaking water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. The completion of this round singles CarbonBlue out as an exceptional innovator in the climate-tech sphere. The financing will allow the company to expand its global operations, scale up its technology and pursue novel integrations with water-utilising industrial facilities.
CarbonBlue’s Direct Water Capture technology is unique in its ability to utilise any type of water in its environmentally friendly process. This universal water compatibility allows integration with any water-utilising facility, and holds the potential to convert any existing water infrastructure into a CDR asset in the fight against global warming.
The round was led by Ibex Investors and FreshFund, joined by strategic investors Engie New Ventures, and ZIM Ventures, the corporate venture capital arm of ZIM Integrated Shipping Services, and included further investments by existing investors Jibe Ventures, MoreVC and Secret Chord Ventures.
“The closing of our seed round marks an important chapter in our company’s journey,” said Dr. Dan Deviri, CarbonBlue co-founder and CEO. “It will allow us to expand our collaborations with major players in the climate, energy, and water sectors, and help us solidify and mature our technology and its applications. This vote of confidence from industry leaders validates our approach; it shows that they believe climate change deeply affects their core businesses, and that CarbonBlue’s contribution to this global effort is a significant one.”
“Carbon Blue’s process is a win-win, restoring ocean health while permanently removing CO2, all without the addition of chemicals. Their rate of technological and operational progress has been exciting to watch since Frontier first backed them last year,” added Frauke Kracke, Science Lead at Frontier and Stripe Climate.
“What sets CarbonBlue apart from other CDR players is their ability to directly support and integrate into mission critical infrastructure projects such as e-fuels and desalination. The combination of CDR and industry co-benefits is the secret sauce Dan and Iddo, [CarbonBlue’s co-founders], have nailed. Their strategic partnerships and investors are a testament of this unfolding,” added Jonathan Schwartz, investor at Ibex Investors.
FAQs
- How does CarbonBlue’s Direct Water Capture technology work?
Response: CarbonBlue’s Direct Water Capture technology is a water-based Carbon Dioxide Removal (CDR) method that can utilise any type of water in its process. The technology is designed to be environmentally friendly and can be integrated with existing water-utilising facilities. While the article doesn’t provide specific details on the mechanism, it emphasises that this universal water compatibility allows for the potential conversion of any existing water infrastructure into a CDR asset.
- What are the potential impacts of CarbonBlue’s technology on climate change mitigation?
Response: CarbonBlue’s technology has the potential to make a significant impact on climate change mitigation efforts. By removing CO2 from the atmosphere and integrating with existing water infrastructure, it offers a scalable solution for carbon dioxide removal. The technology also contributes to ocean health restoration while permanently removing CO2 without adding chemicals. This dual benefit of addressing both atmospheric CO2 levels and ocean health makes it a promising tool in the fight against global warming.
- How does CarbonBlue’s approach compare to other carbon capture technologies?
Response: CarbonBlue’s approach stands out in several ways. First, its ability to use any type of water makes it highly versatile and adaptable to various environments and industrial settings. Second, it can be integrated directly into existing water-utilising facilities, potentially turning them into CDR assets. This integration capability sets it apart from other CDR technologies that might require separate, dedicated facilities. Additionally, CarbonBlue’s technology is noted for its ability to support and integrate into mission-critical infrastructure projects such as e-fuels and desalination, offering both CDR benefits and industry co-benefits. This combination of versatility, integration potential, and multiple benefits distinguishes CarbonBlue’s approach in the competitive landscape of carbon capture technologies.
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