About Carbon Engineering
Carbon Engineering is an Environment company based in Squamish (Canada) founded in 2009, and was acquired by Oxy in August 2023. Carbon dioxide is captured from the atmosphere by Carbon Engineering. It operates on a Green Energy-as-a-Service model. Carbon Engineering has raised $107.06 million across 8 funding rounds from investors including Airbus, Oxy and Air Canada. Its website carbonengineering.com draws about 13 thousand monthly visits. Carbon Engineering offers products and services including Direct Air Capture and AIR TO FUELS. Its focus areas include Energy, Renewable Energy and Carbon Capture and Storage. Its legal entity is Carbon Engineering ULC.
Company details
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.
Products & Services of Carbon Engineering
Carbon Engineering offers a comprehensive portfolio of products and services, including Direct Air Capture and AIR TO FUELS.
Carbon dioxide is captured directly from the atmosphere.
Synthetic fuels are produced using captured carbon dioxide.
Apps and channels of Carbon Engineering
its YouTube channel Carbon Engineering Ltd. has 7.15K subscribers and 16 videos.
Videos from Carbon Engineering
The most watched videos on Carbon Engineering's YouTube channel, Carbon Engineering Ltd. (7.15K subscribers). Click a video to play it here.
More on Carbon Engineering Ltd..
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 $107.06M
- Total Rounds 8
- Last Round Series B — $6.75M
- First Round $3.5M
(Jun 2009)
- Investors Count 9
All 8 funding rounds of Carbon Engineering with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $6.75M | Series B | – | Air Canada | |
| Jun 2019 | $25M | Series B | – | Innovation, Science and Economic Development Canada | – |
| Mar 2019 | $68M | Series B | – | BHP, Oxy | |
| Jan 2019 | Series A | – | Chevron, Oxy | – | |
| Jul 2018 | $8.36M | Debt – Conventional | – | – | – |
| Nov 2016 | $3.81M | Series A | – | – | – |
| Nov 2012 | $5M | Grant | – | – | |
| Jun 2009 | $3.5M | Seed | – | Bill Gates, Murray Edwards | – |
9 investors in total: 7 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding is provided for emissions reduction technologies in Alberta. | 2009 | eralberta.ca | Edmonton, Canada | |
Passenger transportation and logistics services are provided by Air Canada. | 1937 | aircanada.com | Toronto, Canada | |
Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured. | 1969 | airbus.com | Toulouse, France | |
Provider of innovation, science and economic development services | 1993 | ic.gc.ca | Ottawa, Canada | |
Multinational mining, metals, and petroleum extraction services are provided globally. | 1885 | bhp.com | Melbourne, Australia | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | oxy.com | Houston, United States | |
Chevron Corporation is engaged in global energy production and sustainability. | 1879 | chevron.com | United States | |
BG Bill Gates | Co-founder of Microsoft, philanthropist, and active angel investor globally | unknown_c02312981a2740eb8 | ||
ME Murray Edwards | unknown_03f1f0b0939942708 |
Investor details for Carbon Engineering
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Carbon Engineering
60 people are tracked at Carbon Engineering (11 in leadership, 6 in board & advisors, 43 in team).
| Name | Role | Group |
|---|---|---|
Marcus Temke | VP, Engineering & Projects | Leadership |
Jenny McCahill | Director, Projects | Leadership |
Kenton Heidel | Director, Engineering | Leadership |
Todd Wilke | Director, Advanced Development | Leadership |
Anna Stukas | VP, Business Development | Leadership |
Toby Stedham | Director, Operations | Leadership |
Andrew Ostericher | Director Of Technology Development | Leadership |
Tony Garcia | Director, Financial And Business Systems | Leadership |
John Sanden | Director, Strategic Finance & Corporate Operations | Leadership |
Hongxi Zhang | Senior BD Director & Acting Managing Director, Greater China | Leadership |
Mohammad Faghihi | Director Of Process Systems Engineering | Leadership |
Laurie Pare | Director | Board & advisors |
Denis Connor | Director | Board & advisors |
Elias Cababie Daniel | Director | Board & advisors |
Michael Avery | Director | Board & advisors |
Rick Callahan | Board Member | Board & advisors |
Michael Hutchison | Director | Board & advisors |
Toby Hoeschele | Project Manager | Team |
Nicole Westeinde | Control Operator | Team |
Marc Nering | Project/maintenance Planner | Team |
40 more people are available in the full profile.
Complete people profiles for Carbon Engineering
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Carbon Engineering
4 dated milestones of Carbon Engineering across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Carbon Engineering is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series B, of $6.8M.
- Exit Acquired by Oxy.
Web traffic of Carbon Engineering
The website of Carbon Engineering (carbonengineering.com) receives about 13.3K visits a month.
- Monthly visits13.3K
▼ 27.6% vs previous month
Websites whose visitors overlap most with Carbon Engineering. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nsfstc.unc.edu | nsfstc.unc.edu | 100% | – | ||
learn.ed.ac.uk | learn.ed.ac.uk | 70% | – | ||
| climeworks.com | 63% | 46.9K | #695,395 | View details | |
jobs.cam.ac.uk | jobs.cam.ac.uk | 58% | – |
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Related news about Carbon Engineering
Complete news archive for Carbon Engineering
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Frequently Asked Questions about Carbon Engineering
Carbon Engineering was founded in 2009.
Carbon Engineering is headquartered in Squamish, Canada. It is registered at Squamish, British Columbia, Canada.
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 Seed of $3.5M, raised on Jun 2009.
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.
Carbon Engineering offers Direct Air Capture and AIR TO FUELS.
Carbon Engineering has 9 investors. Key investors include Airbus, Oxy, Air Canada, Chevron, and BHP.
Carbon Engineering operates through Carbon Engineering Ulc.
Yes. Carbon Engineering was acquired by Oxy in August 2023.