HAIFA, Israel, July 22, 2024 | Climate-tech startup CarbonBlue has announced the completion of a seed funding round to scale up and deploy its groundbreaking water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. The completion of this round singles CarbonBlue out as an exceptional innovator in the climate-tech sphere. The financing will allow the company to expand its global operations, scale up its technology and pursue novel integrations with water-utilizing industrial facilities.
CarbonBlue’s Direct Water Capture technology is unique in its ability to utilize any type of water in its environmentally friendly process. This universal water compatibility allows integration with any water-utilizing facility, and holds the potential to convert any existing water infrastructure into a CDR asset in the fight against global warming.
The round was led by Ibex Investors and FreshFund, joined by strategic investors ENGIE New Ventures, and ZIM Ventures, the corporate venture capital arm of ZIM Integrated Shipping Services, and included further investments by existing investors Jibe Ventures, MoreVC and Secret Chord Ventures.
