Raw: [
Carbon capture startup Captura announced it has raised an additional $21.5 million, expanding its Series […]]
Ocean-based Carbon Capture Startup Captura Raises $21.5 Million – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Environment/ Private Equity & Venture Capital
Ocean-based Carbon Capture Startup Captura Raises $21.5 Million
Susan Lahey
January 23, 2024
Carbon capture startup Captura announced it has raised an additional $21.5 million, expanding its Series A funding round, with proceeds aimed at commercializing its Direct Ocean Capture (DOC) technology that extracts CO2 directly from seawater to be permanently stored or reused.
Founded in 2021 at California Institute of Technology, Captura provides a solution to capture CO2 from the ocean, amplifying the ocean’s ability to draw down additional CO2 from the atmosphere. The company’s technology pulls in seawater from the ocean and softens it, and utilizes electrodialysis to separate the molecules into an acid and a base. The acid is added to the seawater, converting dissolved, inorganic carbon to CO2 which is filtered out and captured. The remaining seawater has the base added to it, to balance the pH, and is released back into the sea.
Captura has two operational pilot plants in California and is developing its third in partnership with Equinor. This plant has a capture capacity of 1000 tons of CO2 annually and is planned to be installed in Norway in Fall, 2024. Following this pilot, Captura plans to move into large-scale commercial deployments with early plants capturing tens of thousands of tons of CO2 or more annually.
Steve Oldham, CEO of Captura said:
“With our growing network of deployment partners and investors, and the success of our technology pilot program, Captura is now well-positioned to bring our technology to market and deliver climate solutions at meaningful scale.”
Captura raised an initial $12M in January 2023 and increased its Series A financing to reflect growing momentum as the company progresses its technology pilot program and begins design work for commercial plants.
New investors in the current financing round include Maersk Growth, Eni Next, and EDP Ventures joining existing investors including Future Planet Capital who led the expanded round, Equinor Ventures, Freeflow Ventures, Hitachi Ventures, Aramco Ventures, mTerra Ventures, and EIC Rose Rock Venture Fund.
Ida Christine Brun, Head of External Innovation and Ecosystem Engagement at Maersk Growth said:
“Maersk Growth is actively looking for promising startups in the Energy Transition space who can enable and accelerate the journey towards net-zero shipping and logistics. Captura has developed a promising technology, and we are looking forward to joining forces with them.”
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
Related Posts
Environment /
Sumitomo Invests in Carbon Removal Startup Inherit Carbon Solutions
Private Equity & Venture Capital /
Sustainable Bio-based Materials Producer ZymoChem Raises $21 Million
Environment /
Ontario Teachers’ Pension Plan Sets Expectation for Climate Competency on Company Boards
‹ Sumitomo Invests in Carbon Removal Startup Inherit Carbon Solutions
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Sumitomo Invests in Carbon Removal Startup Inherit Carbon Solutions
H2 Green Steel Raises Over $5 Billion in Financing for New Decarbonized Steel Plant
ING Faces Climate Lawsuit from Group that Won Case Against Shell
EU Banking Regulator Releases Proposed Requirements for Banks to Manage ESG, Climate Transition Risks
Government
U.S. Invests Over $100 Million in Projects to Decarbonize Federal Buildings
EU Lawmakers Agree on New Rules to Reduce Emissions from Trucks by 90% by 2040
EU Parliament Approves New Law Banning Misleading Product Sustainability Claims
Australia Proposes New Law Requiring Mandatory Climate Reporting for Companies
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy