Sustaera Closes $10 Million Series A Financing To Develop Low-Cost Direct Air Capture Technology
Dec 16, 2021•over 3 years ago
Amount Raised
$10 Million
Round Type
series a
Description
Sustaera, a direct air capture (DAC) carbon dioxide removal company spun-out of Susteon Inc., announced the closing of its $10M Series A financing round led by Breakthrough Energy Ventures and Grantham Trust’s Neglected Climate Opportunities LLC. Seed R&D funding was provided by the United States Department of Energy (DOE) and North Carolina’s Department of Commerce through multiple grants including one in partnership with Columbia University over the past several years. Sustaera will use the investment to accelerate its research and development program and build its first pilot plant.
FundzWatch™ Score
62
Medium Activity
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