Carbon America Closes $30 Million Series A To Launch Carbon Capture Industry’S First Vertically Integrated Super Developer

Carbon America, the first vertically integrated carbon capture and sequestration (CCS) super developer, today announced it has secured $30 million in Series A funding to deploy commercial projects and scale up its technology. Participating investors include the Canada Pension Plan Investment Board (CPP Investments), ArcTern Ventures, Energy Impact Partners, the Grantham Environmental Trust’s Neglected Climate Opportunities Fund, and Golden Properties. The shareholders will also have an option to invest an additional $15 million by April 2022 to support the company’s continued accelerated growth.