Mission Zero, a London, UK-based developer of direct air capture (DAC) technology, raised $21m in Series A funding.
Backers included 2150, Breakthrough Energy Ventures, World Fund, Fortescue, and Siemens Financial Services.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Nicholas Chadwick, COO Shiladitya Ghosh, and CTO Gaël Gobaille-Shaw, Mission Zero has developed direct air capture (DAC) technology to unlock megatonne annual CO₂ removal capacity. By the end of 2024, the company will have three fully-funded systems on the ground in projects pioneering CO₂ mineralisation, carbon-negative building materials, and sustainable aviation fuel.
FinSMEs
03/04/2024