NeoCarbon, a Berlin, Germany-based company that leverages waste streams from existing industrial infrastructure to remove CO2, raised €3.2M in Seed funding.
The round was led by RAISE Seed For Good, with participation from initial backers PT1 – Proptech1 Ventures, Speedinvest, and Antler, as well as angel investors like Christian Vollmann and Matthias Gotta.
The company intends to use the funds to accelerate the deployment and development of the first full-scale unit with its proprietary technology.
Led by René Haas, CEO, NeoCarbon removes CO2 cost-efficiently from ambient air, leveraging existing waste heat streams from industrial sites to tackle climate change. NeoCarbon was founded in January 2022 and has implemented a first fully autonomous demonstrator in Spring 2023, and is now finalizing rollouts of a second-generation system to a customer’s site by Q1 2024.
FinSMEs
12/12/2023