Mitico, a Pasadena, CA-based carbon capture technology company, raised $4.3M in Seed funding.
The round wad led by Exergon, with participation from Gore Ventures (W. L. Gore & Associates), AP Ventures, Halliburton Labs, SOSV, Freeflow Ventures, the SoCal Alliance for Innovation, and Deepbright Ventures (Hello Tomorrow).
The company intends to use the funds to scale its granulated metal carbonate sorption technology capturing carbon dioxide (CO2) emitted from industries.
Led by CEO Clément Cid, Mitico is a carbon capture technology company developing advanced solutions to reduce industrial carbon dioxide emissions. Leveraging a granulated metal carbonate sorption technology developed at Caltech, it provides carbon capture, utilization, and storage services to industrial point source customers. Its solution can capture over 95% of carbon dioxide emissions from post-combustion point sources, including gas-fired power plants, boilers, waste-to-energy, and biomass-to-energy facilities. Mitico would enable many low to mid-CO2 emitters to capture their emissions and dramatically accelerate the path towards decarbonization globally.
FinSMEs
25/02/2025