About Carbon Engineering
Carbon Engineering is a company based in Squamish (Canada) founded in 2009 was acquired by Oxy in August 2023. It operates as a Green Energy-as-a-Service. Carbon Engineering has raised $107.06 million across 8 funding rounds from investors including Airbus, Oxy and Air Canada. Carbon Engineering offers products and services including Direct Air Capture and AIR TO FUELS. Carbon Engineering operates in a competitive market with competitors including Raízen, GPS Renewables, Climeworks, CarbonCapture and Spiritus, among others.
- Headquarter Squamish, Canada
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Carbon Engineering Ulc
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Products & Services of Carbon Engineering
Carbon Engineering offers a comprehensive portfolio of products and services, including Direct Air Capture and AIR TO FUELS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Carbon dioxide is captured directly from the atmosphere.
Synthetic fuels are produced using captured carbon dioxide.
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Funding Insights of Carbon Engineering
Carbon Engineering has successfully raised a total of $107.06M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $6.75 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $6.8M
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First Round
First Round
(01 Jun 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Carbon Engineering | Valuation | Air Canada | |
| Jun, 2019 | Amount | Series B - Carbon Engineering | Valuation | Innovation, Science and Economic Development Canada |
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| Mar, 2019 | Amount | Series B - Carbon Engineering | Valuation | BHP , Oxy |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carbon Engineering
Carbon Engineering has secured backing from 9 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Airbus, Oxy and Air Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Funding is provided for emissions reduction technologies in Alberta.
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Founded Year | Domain | Location | |
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Passenger transportation and logistics services are provided by Air Canada.
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Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carbon Engineering
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carbon Engineering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carbon Engineering Comparisons
Competitors of Carbon Engineering
Carbon Engineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Raízen, GPS Renewables, Climeworks, CarbonCapture and Spiritus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bioenergy from waste products is produced, including ethanol and biogas.
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Biogas engineering and clean fuels technology solutions are provided.
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Carbon removal solutions are provided for businesses and individuals.
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Developer of modular direct air capture systems and carbon removal credits
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| domain | founded_year | HQ Location |
Innovative direct air capture technology is developed by Spiritus.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carbon Engineering
Frequently Asked Questions about Carbon Engineering
When was Carbon Engineering founded?
Carbon Engineering was founded in 2009.
Where is Carbon Engineering located?
Carbon Engineering is headquartered in Squamish, Canada. It is registered at Squamish, British Columbia, Canada.
Is Carbon Engineering a funded company?
Carbon Engineering is a funded company, having raised a total of $107.06M across 8 funding rounds to date. The company's 1st funding round was a Series B of $68M, raised on Jun 01, 2009.
What does Carbon Engineering do?
Carbon Engineering is focused on the development and deployment of Direct Air Capture technology to remove carbon dioxide from the atmosphere. The company operates in the climate technology sector, providing solutions to address climate change challenges. Innovations are tested and validated at their dedicated Innovation Centre in Squamish, British Columbia. Additionally, technologies like AIR TO FUELS are developed to create synthetic fuels using captured carbon. Large-scale deployment is pursued through partnerships to scale this critical climate solution globally.
Who are the top competitors of Carbon Engineering?
Carbon Engineering's top competitors include GPS Renewables, Climeworks and Raízen.
What products or services does Carbon Engineering offer?
Carbon Engineering offers Direct Air Capture and AIR TO FUELS.
Who are Carbon Engineering's investors?
Carbon Engineering has 9 investors. Key investors include Airbus, Oxy, Air Canada, Chevron, and BHP.