Belgium-Based D-CRBN Closes €17.5 Million Funding In Series A Round

The round was led by Astaia and included participation from existing investors SFPIM and the European Innovation Council (EIC) Fund. Alongside the raise, D-CRBN is opening a secondary investment window of up to €5 million for selected industrial partners who will support the scale-up and commercial adoption of its technology.

Founded in 2021 by Gill Scheltjens, David Ziegler, Georgi Trenchev and Annemie Bogaerts, the Antwerp-based company develops technology that transforms CO₂ and hydrocarbons into carbon monoxide (CO) and syngas using renewable electricity.

These outputs are essential building blocks for producing sustainable fuels, chemicals and materials. Unlike conventional approaches, D-CRBN’s process is designed to avoid unwanted byproducts such as carbon black.

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By electrifying carbon conversion, the company aims to help European industries strengthen supply resilience, reduce reliance on fossil resources, and support long-term industrial competitiveness.

D-CRBN says its platform has already been validated at industrial pilot scale with major partners in the steel and chemical industries, with several demonstration projects moving toward commercial implementation.

The new capital will be used to deploy the company’s first industrial demonstration units, grow engineering and operations teams, and accelerate market expansion of its CO₂-to-CO and syngas solution.

Through partnerships across steel, chemicals, energy, and infrastructure sectors, D-CRBN is positioning itself as a key player in Europe’s transition toward a circular carbon economy and industrial decarbonisation.

“This Series A marks a significant milestone for D-CRBN. With Astaia as lead investor and the continued support of SFPIM and the EIC Fund we are well-positioned to transition from pilot validation toward industrial scale-up ” said David Ziegler, co-founder and CCO of D-CRBN.

About D-CRBN

D-CRBN is a climate tech company founded in 2021 that develops patented plasma-based carbon capture and utilisation (CCU) technology. Its platform converts CO₂ emissions into valuable chemical building blocks for producing e-fuels, chemicals, and polymers, helping industries reduce emissions and advance a more circular and sustainable economy.