- Carbon Upcycling Technologies, a cleantech startup has successfully raised $26M in a Series A funding round.
- The round was led by BDC Capital’s Women in Technology Venture Fund, among other prominent investors.
- This is the startup’s fifth funding round, bringing the total funding amount to just under $32.2M.
- Carbon Upcycling is at the forefront of the Advanced Materials, Clean Energy, and Nanotechnology industries.
- The funds will be used to further their mission; to utilize pollution to create sustainable materials for the future.
Carbon Upcycling Technologies, based in Calgary, Alberta, has shaken up the cleantech industry with a successful Series A fundraising round. Garnering a whopping $26M, the startup stands as an inspirational testament to innovative and sustainable advancements in the industry.
The company, according to its Crunchbase profile, has had a total of 5 funding rounds and has successfully raised an impressive total of $32,175,000, with this Series A round adding significantly to their overall total.
The funding round, driven by BDC Capital’s Women in Technology Venture Fund, along with other key investors such as Amplify Capital, Clean Energy Ventures, Climate Investment, Oxy Low Carbon Ventures, and more, further underscores the company’s potential and the faith investors exhibit in their business model and technological solutions.
Carbon Upcycling’s mission – using the pollution of today to build the materials of tomorrow – aligns perfectly with the global push towards sustainable and clean energy solutions. This has elevated them as a major player in the Advanced Materials, Clean Energy, CleanTech, Construction, Energy, Manufacturing, and Nanotechnology arenas.
The details of the fundraising event originally took place on July 31, 2023, providing a clear hint at how rapidly and confidently Carbon Upcycling is marching towards its ambitious goals.
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