https://www.forbes.com/sites/jonathankeane/2024/02/06/robot-delivery-player-starship-raises-90-million-round/?sh=5e199dbf6ec4

German startup Greenlyte snaps €10.5M for carbon removal from atmosphere

Read More
All Posts

German startup Greenlyte snaps €10.5M for carbon removal from atmosphere

Now, Greenlyte Carbon Technologies has closed a €10.5 million pre-series A funding round.

The investment came from Earlybird Venture Capital (backed QuantumDiamonds and randevu.tech),
Green Generation Fund, Carbon Removal Partners, Board member Dr. Udo Jung, and Partech,
who joined the investor group. With this round, the German startup has now raised over €20
million. 


The round follows strong commercial traction in the form of partnerships and high-value offtake
agreements. In addition, Greenlyte won two grants from the European Fund for Regional
Developments. 


Founded in 2022 by Florian Hildebrand, Dr. Niklas Friederichsen, and Dr. Peter Behr, Greenlyte
specialises in a direct air capturing system that efficiently removes CO2 from the atmosphere. It
does this with a liquid-sorbent solution with minimal energy and producing hydrogen as a
byproduct. 

The process can be integrated with renewable energies and does not rely on high heat or
pressure. The generated CO2 and hydrogen can then be used as feedstock for chemicals,
construction materials, and alternative fuels, or to create negative emissions.

 

 

Don't miss out on the excitement! Reserve your spot at one of our upcoming events:

SCALE UP WITH WOLVES AND EUROPEAN CVC AWARDS 

26 March 2024, Spielfeld Digital Hub, Germany + online

EXPLORE TICKETING OPTIONS- BERLIN

 

 

WOLVES SUMMIT CEE

8-9 May 2024, Copernicus Science Centre, Warsaw, Poland + online

EXPLORE TICKETING OPTIONS- WARSAW

Related Posts

Estonia’s Salesforge raises €467K in pre-seed funding to be an AI copilot for B2B sales execution

Tallinn-based Salesforge, a developer of an all-in-one sales execution app has secured $500K (approximately €467K) in a pre-seed round from BADideas.fund, Spring Capital, Fiedler Capital, and super angel Maciej Zawadzinski. The recent funding round will support Salesforge’s growth and expansion, enabling the company to unlock new channels and autonomous capabilities. Salesforge is an all-in-one sales execution application that serves as an AI co-pilot and will soon be able to function as an autopilot. https://siliconcanals.com/news/startups/estonias-salesforge-raises-467k/

Germany’s The Mobility House gets investment from RheinEnergie to use electric cars as grid storage

Munich-based The Mobility House, a company that provides mobility energy solutions, announced on that it has secured investment from RheinEnergie, a Cologne-based energy service provider. However, the exact details about the funding were not disclosed. The Mobility House’s technology portfolio focuses on transforming mobile and stationary electric vehicle batteries into aggregated storage and flexibility potential. As part of this strategic partnership, RheinEnergie will expand its offering in particular in the energy supply for households and electromobility in the future. https://siliconcanals.com/news/startups/the-mobility-house-gets-investment-from-rheinenergie/

14Peaks Raises $30 Million To Back Fintech And The Future Of Work

14Peaks’ inaugural fund has closed with $30 million raised from a combination of family offices and high-net-worth individuals. Edoardo Ermotti, the founder of this Swiss venture capital firm, sought to recruit a relatively tight circle of limited partners – a select group with relevant experience and contacts for portfolio companies as well as capital to offer. Although the fund has only formally closed this month, Ermotti has been raising money since 2022, when 14Peaks was launched, and has already added 11 companies to the portfolio. The fund’s focus is on business-to-business software providers in two verticals – financial technology (fintech) and the future of work. Early investments include a stake in Rain, the US fintech which works with employers to offer staff advances on salary for hours they have already worked, and Threatfabric, a Dutch cybersecurity specialist. https://www.forbes.com/sites/davidprosser/2024/04/23/14peaks-raises-30-million-to-back-fintech-and-the-future-of-work/?sh=456b0cc592b8