Paebbl funding news – Rotterdam-based Paebbl Secures €22.8 Million in Series A Round Funding

The funding round was led by a distinguished group of tier one financial and strategic investors, including DACH-focused VC Capnamic. Noteworthy participation also came from prominent new investors such as The Climate Pledge Fund (Amazon) and global construction and materials leader Holcim.

Additionally, several European industrial family offices, including Aurum Impact, the family office of the German construction company Goldbeck, joined the investment round. Existing Paebbl investors 2050, Pale Blue Dot, and the Grantham Foundation also continued their support by participating in this funding milestone.

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This influx of capital represents a pivotal moment for Paebbl, marking a significant step towards realizing their vision of revolutionizing CO2 storage in building materials and driving sustainable practices within the construction industry. Congratulations to the Paebbl team on this remarkable achievement and their continued commitment to environmental innovation.

By teaming up with industry giants like Amazon, Holcim, and Goldbeck, Paebbl is spearheading the advancement of carbon-storing buildings, setting a benchmark for sustainable construction. Thanks to a recent funding injection, the company is on track to unveil its demonstration facility by the first half of 2025.

This major milestone will boost Paebbl's production capacity by ten-fold to 3 tons per day, allowing for the sequestration of up to one ton of CO2 daily. The upcoming facility paves the way for the widespread adoption of Paebbl's cutting-edge technology, marking the initial step towards a full-scale commercial plant.

Paebbl co-founder and co-CEO Marta Sjögren, commented: “We’re incredibly proud of the progress we’ve made in such a short time, but there’s so much more to come. This funding enables us to take even bolder steps in our mission to make the built environment a cornerstone of the decarbonised economy. The challenge ahead is significant but so is the upside and opportunity.”

Paebbl co-founder and co-CEO Andreas Saari, added: “We are thrilled to welcome early mover leaders in their respective fields, Amazon and Holcim, as first commercial partners that will help bring our vision to the market rapidly; aligning interests is at the core of our go-to-market model. We have the chance to turn the built environment into the world’s greatest carbon sink, having taken a natural process, innovated upon it, and turned it into a commercially viable, scalable service. With new investors on board, we can enter the next stage of our growth. To go from bench to pilot to demo in less than 18 months shows our team’s ability to move at the speed necessary to win.”

Capnamic managing partner Christian Knott said: “What sets Paebbl apart from other companies in the space is their demonstrable ability, across the senior team, to build and scale companies, and execute where it matters. For a young deep tech company, they already have rapidly won multiple customers and key partners, and have a continual stream of exceptional people joining the company.”

About Paebbl

Paebbl is dedicated to tackling global warming head-on by harnessing the power of greenhouse gases. They see CO2 not just as a problem but as a potential building block for our future society.