Carbo Culture is a climate technology company based in Finland, founded in 2017. The company's slogan "We are a climate technology company building a rapidly scalable biochar carbon removal solution" reflects its focus on sustainability. Carbo Culture utilizes a patented process to transform waste biomass into biochar, a form of carbon storage. This biochar has various applications, including agriculture, construction, and renewable energy generation. Moreover, the company's process creates tangible carbon credits, adding a unique financial aspect to its environmental impact. In November 2023, Carbo Culture secured an $18.00M Series A investment from a group of notable investors, including Tesi, True Ventures, GenZero, KIMPA - Impact Investing, and Alumni Ventures. This investment highlights the confidence these key players in the industry have in Carbo Culture's potential to address climate change and contribute to sustainable practices. As the focus on ESG and sustainability grows, Carbo Culture's innovative approach to carbon removal positions it as a promising player in the climate technology sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $18.00M | 5 | Alumni Ventures | 28 Nov 2023 |
Grant | €2.16M | 1 | 23 Mar 2022 | |
Seed Round | $6.20M | 10 | Moaffak Ahmed, Maija Itkonen +2 | 14 Apr 2021 |
Grant | €172.00K | - | 22 Dec 2020 | |
Seed Round | €550.00K | 6 | Mika Ihamuotila, David Helgason | 08 Feb 2018 |