Visions for doing so vary widely, but broadly we see companies on the list fall into a handful of categories:įirst, there are those innovating on the software and platform side with marketplaces for carbon credits and measuring tools for enterprises. In terms of making a contribution, however, they have some ambitious agendas. Of course, no one’s expecting a handful of funded startups to take us back to pre-industrial carbon levels. Top themes: platforms, greener products and capture technology CO2 levels are now more than 50% higher than they were before the onset of the industrial era. This spring, measured CO2 levels climbed further into territory not seen for millions of years, according to a June report from scientists from the National Oceanic and Atmospheric Administration and Scripps Institution of Oceanography. Unfortunately, there’s also more carbon dioxide floating around than ever. To date, companies on this list alone have raised over $1.25 billion in equity funding.
#CARBON HEALTH CRUNCHBASE SERIES#
On the software side, meanwhile, Supercritical, a London-based operator of a carbon removal offsets marketplace, landed $13 million in a June Series A.Įvidently, there’s plentiful capital to go around for companies innovating around infrastructure, software and materials with an eye to capturing and storing more atmospheric carbon and industrial waste. On Tuesday, CarbonCure Technologies, a Nova Scotia-based carbon removal startup focused on the concrete industry, announced it raised $80 million.Ī few weeks before that, Charm Industrial, a San Francisco startup that uses plant matter and bio-oil to sequester carbon, picked up $100 million in Series B funding. The past few weeks have been particularly busy. It’s a global cohort, with financings in six continents spanning from São Paulo to Stockholm. This past year, over half a billion dollars has gone to dozens of upstarts working on technologies to reduce industrial carbon emissions, store captured CO2, and navigate the complex landscape of carbon credits. While most startup sectors have seen diminished funding in recent quarters, carbon capture- and storage-focused companies look like a notable exception. Click here to learn more or contact us directly at. Discover our tailored promotional strategies such as Sponsored Articles and Partnerships. Want to amplify your startup’s story? EU Startup News is your launchpad to reach startup founders, investors, and C-level execs across Europe.
Now, with the bolstered funding, Sylvera aims to further advance its operations and expand its reach, to cater to a more diverse clientele. Sylvera’s initiative in developing machine learning-based tools to track the performance of carbon offsets is revolutionizing the tech industry. Other notable investors include 9Yards Capital, Bain & Company, Balderton Capital, Fidelity International Strategic Ventures, Index Ventures, Insight Partners, LocalGlobe, Salesforce Ventures, Seedcamp, and Speedinvest. The recently concluded funding round marks the startup’s fourth, confirming its consistent progression in attracting significant investments.īalderton Capital emerged as the lead investor in this recent financing round, maintaining its support for Sylvera, which is making notable strides in the tech industry. This recent financing brings Sylvera’s total funding amount to $95,498,271, as listed on their Crunchbase profile.
The funding, which amounted to 50,640,000 Euros, was collected as of July 18, 2023. Sylvera, a London-based startup in the artificial intelligence, information technology, machine learning, market research, and software industry, recently announced a successful Series B fundraising round.
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