Climeworks raises CHF 73 million – the largest ever private investment into direct air capture

02.06.2020 13:04, Isabelle Mitchell

Climeworks has successfully raised CHF 73 million (USD 75 million) in equity from private investors. This is the largest private investment into direct air capture to date. The funding will help to drive forward the company’s scale-up roadmap and expand its carbon dioxide removal capacities.

Zurich-based Climeworks was a Venture Kick winner in 2010, a Venture Leader China in 2017, and one of the TOP 100 Swiss startups for four consecutive years (2011-2014). 

Climework is one of the global leaders in carbon dioxide removal and has long since had a simple and accessible climate solution on the market. The company’s patented technology captures CO2 directly from the air using clean energy, thereby offering a truly pure carbon dioxide removal solution. 

Private investors have again confirmed their trust in the technology’s potential as a solution to reverse climate change and invested a further CHF 73 million (USD 75 million) in equity – the largest private investment ever made into direct air capture. This brings the total sum invested in Climeworks since it was founded in 2009, to over CHF 120 million.

The funds will be used to expand Climeworks’ carbon dioxide removal capacities, help to further scale and optimize the direct air capture technology and make it accessible to even more stakeholders; private people, businesses, and organizations alike.

“We are very thankful for the long-term commitment of our investors, who shared our vision of a climate-positive world from the very beginning. This financing round will take Climeworks to the next level and help us make an ever-bigger contribution to reversing climate change. We aim to inspire 1 billion people to remove carbon dioxide from the air – and this investment will contribute to achieve that goal,” says Christoph Gebald, co-founder and co-CEO of Climeworks.