Eion, a Princeton, NJ-based permanent carbon removal technology company, raised $12M in Series A funding.
The round was led by AgFunder, Ridgeline, with participation from Sibelco, Carbon Removal Partners, Mercator Partners, Orion, Overture, SLVC and Trailhead Capital.
The company intends to use the funds to continue to build out its distribution partnerships and expand availability of its patented CarbonLock, and hire talent to build out its financial, commercial and science teams.
Led by Adam Wolf, Founder and CEO, Eion is a carbon removal technology company that offers a scientifically proven, permanent, cost-effective, scalable and nature-based solution for carbon removal and provides an approach for farmers to capture and permanently remove carbon. Using pulverized minerals to absorb carbon dioxide from ambient air, its CarbonLock technology can be deployed to agricultural lands and provides a shovel-ready climate solution for U.S. agriculture and its farmers.
FinSMEs
18/12/2022