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July 18, 2023 | Tom Ballard

Half a billion dollars invested in last year in carbon reduction-focused start-ups

Those companies are primarily at the early or seed stages and fairly new, according to Crunchbase data.

One could say that it is a good time to be a start-up in the carbon capture- and storage-focused sector like several Knoxville’s SkyNano Technologies and Holocene Climate Corporation.

In a recent article in Crunchbase News, Joanna Glasner writes that more than “half a billion dollars has gone to dozens of upstarts working on technologies to reduce industrial carbon emissions, store captured CO2, and navigate the complex landscape of carbon credits.” She notes that the companies securing investments fall into a handful of categories. They include those:

  • Innovating on the software and platform side with marketplaces for carbon credits and measuring tools for enterprises;
  • Producing industrial materials — and cement in particular — which is a major contributor to CO2 emissions; and
  • Working on technologies and business models aimed at reducing atmospheric carbon.

Glasner adds that “companies on our list are predominantly early and seed stage, which indicates there’s room for bigger rounds ahead should late stage investors decide to pull out their checkbooks. With a few well-funded exceptions, most of the companies on the list are also fairly new. More than two-thirds were founded in the past four years, per Crunchbase data.”

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