Greenlyte Carbon Technologies secured €10.5M in a Pre Series A round to develop a direct air capture system for CO2 removal and hydrogen production.
Mar 06, 2024•over 1 year ago
Amount Raised
€10.5 Million
Round Type
series a
Investors
PartechDr. Udo JungCarbon Removal PartnersGreen Generation FundEarlybird Venture Capital
Description
Greenlyte Carbon Technologies (GCT) announced the closing of a €10.5 million Pre Series A round. The funding will be used to grow the team, perform technology development and deployment, accelerate scaling, and drive down costs. The round is a proof of the company's ambition to build a global DAC champion fast.
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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech