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