Circe raised $5M in a seed round led by ReGen Ventures to open a new pilot facility in Waltham that focuses on CO2-consuming products.
Sep 12, 2024•10 months ago
Amount Raised
$5 Million
Round Type
seed
Investors
ClimateExceptional VenturesBee PartnersPonderosa VenturesUndeterred CapitalRe Gen Ventures
Description
Circe, a climatetech spinout, has successfully raised a $5 million seed round to fund the opening of its first production facility in Waltham. This facility will enable Circe to produce carbon-negative products through a unique gas fermentation process.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers