Vaulted Deep, a Houston, TX-based biomass carbon removal and storage (BiCRS) company, raised $32.3M in Series A funding.
The round was led by Prelude Ventures with participation from Lowercarbon Capital, Earthshot Ventures, and WovenEarth Ventures. Additional new investors included Fall Line Capital and Rethink Impact.
The company intends to use the funds to expand operations and its development efforts.
Spun off from Advantek Waste Management Services and led by Julia Reichelstein, Co-Founder and CEO, and Omar Abou Sayed, Co-founder and Executive Chairman, Vaulted Deep is a biomass carbon removal and storage (BiCRS) carbon removal company, geologically sequestering organic wastes deep into the subsurface. By processing a range of often pathogenic and contaminated organic wastes, the company’s CDR provides substantial co-benefits that include eliminating methane emissions (which Vaulted does not include in its credit accounting), reducing water-borne illnesses, and preventing serious water and agricultural soil pollution. By using natural processes to capture CO₂ via biomass, Vaulted’s technology bypasses costly carbon capture infrastructure, delivering rapid, permanent CDR without compromising scalability.
Vaulted has already issued more than 7,000 tonnes of CDR.
FinsMEs
14/11/2024