Berlin-based NeoCarbon, a cleantech startup specializing in retrofitting industrial sites to combat climate change, announced securing €3.2M in a recent seed funding round. RAISE Seed For Good, operated by RAISE Ventures, led the funding, with support from PT1 – Proptech1 Ventures, Speedinvest, and Antler. Noteworthy angel investors, including Christian Vollmann and Matthias Gotta, also participated.

The capital infusion will expedite the deployment of NeoCarbon’s units to customer sites by establishing an operations team and finalizing the first full-scale capture unit using its proprietary reactor technology.

René Haas, NeoCarbon CEO, emphasized the urgency to scale carbon dioxide removal, citing the climate crisis’s increasing tangible and costly damages. The company aims to accelerate its rollout and meet rising demand to realize its climate potential.

NeoCarbon: Pioneering Carbon Removal for Climate Action

Founded in 2022, NeoCarbon focuses on cost-efficiently removing CO2 from ambient air, utilizing existing waste heat streams from industrial sites. The company’s innovative reactor for Direct Air Capture (DAC) technology aims to reduce the cost and time associated with capturing CO2, fostering mass-market adoption.

The first paid customer pilot with a major industrial player is scheduled for Q1 2024, showcasing NeoCarbon’s commitment to combating climate change. By retrofitting systems at industrial sites producing excess heat, such as glass, paper, and metal manufacturers, NeoCarbon aims to remove carbon dioxide with lower capital and operational costs.

RAISE Ventures, dedicated to early-stage investments in European Tech startups, highlighted DAC as critical for achieving carbon neutrality. Sophia Martin, Co-head at RAISE Ventures, expressed the significance of NeoCarbon’s decentralized approach in leveraging existing infrastructures to capture CO2 at scale.

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