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

Cary

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.

Company Information

Company

Sustaera

Location

Cary, Illinois, United States

About

Based in Cary, North Carolina, Sustaera is a Direct Air Capture technology startup with deep expertise in carbon capture, separations chemistry and process scale-up. Sustaera’s mission is to deliver low-cost, scalable, carbon removal systems to the world to “Restore the Carbon Balance”. Sustaera’s core technology is based on several breakthroughs in material science, process design, and modular manufacturing. The company is building its first demonstration unit in North Carolina in 2022. More information at www.sustaera.com

FundzWatch™ Score

Medium Activity

Buyer Intent Analysis

Get personalized insights on buying likelihood

Funding Insights

Based on industry data

Tech investment trends