Climeworks sets new record after a CHF 100 million investment

Founded by engineers Christoph Gebald and Jan Wurzbacher, Climeworks is one of the global leaders in carbon dioxide removal with the mission to inspire 1 billion people to act now and remove carbon dioxide from the air.

The company developed and patented a direct air capture technology that removes carbon dioxide directly from the air. It uses clean, renewable energy, thereby providing a genuinely pure carbon dioxide removal solution. Current customers include established businesses and organizations worldwide, all with ambitious climate targets, and a growing community of people inspired to take pioneering climate action with Climeworks.

Besides customers, investors continue to support Climeworks on its mission. In the first phase of its funding round, Climeworks had announced the successful raise of CHF 73 million (USD 75 million) in equity from private investors. As of August 2020, Climeworks’ funding round has been completed with a total equity investment amount of CHF 100M (USD 110M) – the largest ever investment into direct air capture.

“We are humbled by the commitment of our investors and thankful that we could achieve our target of raising CHF 100 million to advance our carbon dioxide removal solutions substantially. This investment will help us to implement the next steps of our scale-up roadmap rapidly as well as to improve our technology further. Our vision is to inspire one billion people to remove carbon dioxide from the air – and this investment will help us achieve that goal,” says Christoph Gebald, co-founder and co-CEO of Climeworks.

(Press release)