Carbyon funding news – Eindhoven-based Carbyon Secures €15.3Million in Series A Round Funding

This Series A financing round brings Carbyon’s total investments to more than €25 million. The strong financial backing will allow the company to develop the first engineering-scale demonstrators, start commercial pilot testing and prepare for an ambitious scale-up.

The company welcomes three new investors to the table: Siemens Financial Services, Omnes Capital and Global Cleantech Capital who are joining existing investors Invest-NL, Innovation Industries, Lowercarbon Capital and the Brabant Development Agency (BOM).

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This international consortium of investors, all having a strong track record of supporting cleantech startups, have a shared urgency to combat climate change. This seamlessly aligns with Carbyon’s mission to provide a scalable, affordable and global carbon capture solution.

During the past few years, the company has been perfecting its technology to prepare for scaling up. The recent financial investment will allow the company to develop the first engineering-scale outdoor demonstrators and to prepare to go to market.

Hans De Neve said, “This new investment brings us much more than the financial resources to continue our growth, Our partners have the required manufacturing and scaling knowledge we need to rapidly but responsibly scale our technology. This consortium is a dream scenario and is highly motivating to continue with our mission.”

Andy Bown, Head of Negative Emissions Technologies Investments from Siemens Financial Services said, “We are very pleased to be able to support Carbyon as it moves forward with the development of innovative and affordable technology to capture CO2 directly from the atmosphere” “We stand ready to offer our financial expertise and access to Siemens’ broad portfolio of solutions to support Carbyon in its journey to deploy DAC systems at scale.”

About Carbyon

Carbyon develops equipment to filter CO2 from the air, to be stored underground or converted it into alternatives to fossil fuel-based products. Carbyon, founded by Hans De Neve in 2019, uses a patented, ultra-fast capturing technique to reach an industry leading low cost-per-ton of CO2 captured.