Turnover Labs, a NYC-based early-stage startup that aims to decarbonize the chemical manufacturing industry, raised $1.4M in Pre-Seed funding.
The round was led by Pace Ventures and GC Ventures with participation from Sandy Spring Climate Partners and other VC firms.
The company intends to use the funds to expand its engineering team, grow business development efforts, and accelerate R&D to transition its technology from the lab to a sub-scale prototype.
Founded by Marissa Beatty, Turnover Labs leverages proprietary technology developed at Columbia University to convert “dirty” CO2 produced in chemical manufacturing, and released into the atmosphere, into valuable chemical building blocks. Its electrolysis technology will allow chemical companies to produce their products without relying on petroleum feedstocks.
FinSMEs
22/10/2024