The world’s most valuable carbon capture startups
Companies that capture CO2 and keep it out of the atmosphere: direct air capture, capture technology for industrial plants, engineered carbon removal (bio-oil and biomass burial, rock weathering, mineralisation, ocean-based removal, biochar), CO2 storage, and the conversion of captured CO2 into fuels, chemicals and building materials. Ranked worldwide by AI-estimated valuation, with listed carbon capture pure players shown in grey at their market value for reference. The market sets the value; our AI estimates it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: Capsol Technologies (shown in grey), LanzaTech and Calix; Aker Carbon Capture is in liquidation. Bought by a group: Carbon Engineering and Holocene (Occidental), Mosaic Materials (Baker Hughes), Global Thermostat (assets sold). Created by a group or a state: Carbfix (Reykjavik Energy), Northern Lights (Equinor, Shell, TotalEnergies), Summit Carbon Solutions, Carbon TerraVault, Entropy, AspiraDAC. Closed: Running Tide, Noya. In other segments: carbon credit marketplaces and project developers (Climate Impact X, Corporate Carbon) under Carbon credits, carbon accounting software under Carbon accounting & ESG, synthetic fuels built on green hydrogen (Southern Green Gas) under Hydrogen, low-carbon cement without capture (Brimstone), nature-based removal (Living Carbon) and biocoal (Airex Energy). Chinese companies (Carbonology, Feynman Dynamics) are never ranked. A company appears in one segment only. Method
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Middle East & North Africa · North America · Oceania · Sub-Saharan Africa.Key metrics in this segment: tonnes of CO2 captured or removed and delivered, long-term removal offtakes signed with buyers, cost per tonne and plant capacity under construction. Listed companies appear in grey at their market value on the ranking date, for reference: they are never ranked and no intention is possible on them. Facts from company filings and market data; Uback gives no opinion on listed companies.
World · 41 ranked companies
| # | Company | Last round · Key metrics | Estimated valuation (AI) · range | Pool of interestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a local partner. Neither is an order nor a commitment to invest. Terms for Backers → |
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| 1 | ClimeworksSwitzerland · Europe | Growth equity · USD 162M · Jul 2025Mammoth direct air capture plant operating in Iceland since May 2024 · May 2024 | Last known equity round: Growth equity · USD 162M · Jul 2025 (BigPoint Holding, Partners Group; mainly existing investors); mostly existing investorsMethod | — | Back |
| 2 | SvanteCanada · North America | Series E · USD 318M · Dec 2022Canada Growth Fund commits CAD 137M to Svante's commercial capture projects · Aug 2024 | Last known equity round: Series E · USD 318M · Dec 2022 (Chevron New Energies); CAD 435M; 2024 convertible notes not countedMethod | — | Back |
| 3 | TwelveUnited States · North America | Series C · USD 200M · Sep 2024AirPlant One, its first CO2-to-jet-fuel plant, opened in Moses Lake, Washington · Jun 2026 | Last known equity round: Series C · USD 200M · Sep 2024 (TPG Rise Climate, Capricorn Investment Group, Pulse Fund; DCVC); project-level equity and debt not counted; later rounds undisclosedMethod | — | Back |
| 4 | HeirloomUnited States · North America | Series B · USD 150M · Dec 2024Commercial DAC facility operating in Tracy, California; Louisiana plants planned · Dec 2024 | Last known equity round: Series B · USD 150M · Dec 2024 (Future Positive, Lowercarbon Capital; Breakthrough Energy Ventures, Mitsubishi, Japan Airlines, Siemens Financial Services)Method | — | Back |
| 5 | Carbon CleanUnited Kingdom · Europe | Series C · USD 150M · May 2022Key metrics not disclosed | Last known equity round: Series C · USD 150M · May 2022 (Chevron, WAVE Equity Partners, Samsung Ventures; AXA IM, CEMEX Ventures, Equinor Ventures)Method | — | Back |
| 6 | Charm IndustrialUnited States · North America | Series B · USD 100M · Jun 2023Key metrics not disclosed | Last known equity round: Series B · USD 100M · Jun 2023 (General Catalyst; Lowercarbon Capital, Exor Ventures, Kinnevik, Thrive Capital)Method | — | Back |
| 7 | ForteraUnited States · North America | Series C · USD 85M · Aug 2024Microsoft Climate Innovation Fund backs its first full-scale 400,000-tonne plant · Oct 2025 | Last known equity round: Series C · USD 85M · Aug 2024 (Temasek, Khosla Ventures; NOVA by Saint-Gobain, Presidio Ventures)Method | — | Back |
| 8 | CarbonCapture Inc.United States · North America | Series A · USD 80M · Mar 2024Pre-sold USD 26M of carbon removal credits (Microsoft, Alphabet, Meta, BCG) · Mar 2024 | Last known equity round: Series A · USD 80M · Mar 2024 (Prime Movers Lab; Amazon Climate Pledge Fund, Aramco Ventures, Siemens); includes an earlier USD 35M closeMethod | — | Back |
| 9 | CarbonCureCanada · North America | Growth round · USD 80M · Jul 2023Key metrics not disclosed | Last known equity round: Growth round · USD 80M · Jul 2023 (Blue Earth Capital; others)Method | — | Back |
| 10 | VerdoxUnited States · North America | Series A · USD 80M · Feb 2022Key metrics not disclosed | Last known equity round: Series A · USD 80M · Feb 2022 (Breakthrough Energy Ventures; Prelude Ventures, Lowercarbon Capital); committed capital, tranches undisclosedMethod | — | Back |
| 11 | NeustarkSwitzerland · Europe | Series B · USD 69M · Jun 2024Key metrics not disclosed | Last known equity round: Series B · USD 69M · Jun 2024 (Decarbonization Partners (BlackRock and Temasek))Method | — | Back |
| 12 | AIRCOUnited States · North America | Series B · USD 69M · Sep 2024Key metrics not disclosed | Last known equity round: Series B · USD 69M · Sep 2024 (Avfuel; Lowercarbon Capital, IQT, Alaska Airlines, JetBlue Ventures, Toyota Ventures)Method | — | Back |
| 13 | TerradotUnited States · North America | Series A · USD 58.2M · Dec 2024Signed what Google called its largest carbon removal deal (ERW) · 2025 | Last known equity round: Series A · USD 58.2M · Dec 2024 (John Doerr; Microsoft Climate Innovation Fund, Google, Kleiner Perkins, Gigascale Capital); Series A of USD 54M announced with a USD 4.2M seedMethod | — | Back |
| 14 | Deep SkyCanada · North America | Series A · USD 55M · Nov 2023Building Deep Sky Alpha, a hub testing several direct air capture technologies in Alberta · Dec 2024 | Last known equity round: Series A · USD 55M · Nov 2023 (Brightspark Ventures, Whitecap Venture Partners); CAD 75M; grants not countedMethod | — | Back |
| 15 | Arbor EnergyUnited States · North America | Series A · USD 55M · Oct 2025USD 41M carbon removal agreements with Frontier (Google, Shopify, H&M) · Oct 2025 | Last known equity round: Series A · USD 55M · Oct 2025 (Lowercarbon Capital, Voyager Ventures; Gigascale Capital, Marathon Petroleum)Method | — | Back |
| 16 | MantelUnited States · North America | Series A · USD 48M · Aug 2026Demonstration unit of 1,800 t CO2/yr planned at an industrial site · Sep 2024 | Last known equity round: Series A · USD 48M · Aug 2026 (Shell Ventures, Eni Next; Engine Ventures, bp Ventures, Vale Ventures, MCJ Collective); USD 30M in Sep 2024 plus an USD 18M extension in Aug 2026Method | — | Back |
| 17 | ION Clean EnergyUnited States · North America | Series A · USD 45M · Apr 2024Key metrics not disclosed | Last known equity round: Series A · USD 45M · Apr 2024 (Chevron New Energies (lead); Carbon Direct Capital)Method | — | Back |
| 18 | 44.01Oman · Middle East & North Africa | Series A · USD 42M · Feb 2025ADNOC scaling up its carbon mineralisation deployment in the UAE · Feb 2025 | Last known equity round: Series A · USD 42M · Feb 2025 (Equinor Ventures, Shell Ventures; Nysnø Climate Investments, Jasoor Ventures); USD 37M in Jul 2024 plus a USD 5M extensionMethod | — | Back |
| 19 | AvnosUnited States · North America | Series A · USD 36M · Feb 2024Commercial pilot capturing ~30 t CO2/yr operating in Bakersfield, California since 2023 · Feb 2024 | Last known equity round: Series A · USD 36M · Feb 2024 (NextEra Energy Resources; Shell Ventures, ConocoPhillips, JetBlue Ventures, Safran)Method | — | Back |
| 20 | Vaulted DeepUnited States · North America | Series A · USD 32M · Nov 20247,000 tonnes of carbon removal delivered by Nov 2024 · Nov 2024 | Last known equity round: Series A · USD 32M · Nov 2024 (Prelude Ventures)Method | — | Back |
| 21 | GraphyteUnited States · North America | Series A · USD 30M · Jul 2024Loblolly carbon-casting plant opened in Pine Bluff, Arkansas · Apr 2024 | Last known equity round: Series A · USD 30M · Jul 2024 (Prelude Ventures, Carbon Direct Capital; Breakthrough Energy Ventures, Overture)Method | — | Back |
| 22 | SpiritusUnited States · North America | Series A · USD 30M · Mar 2025Letters of intent with US oil producers for more than 3 Mt of CO2 a year · Oct 2026 | Last known equity round: Series A · USD 30M · Mar 2025 (Aramco Ventures (lead); Khosla Ventures, Mitsubishi Heavy Industries America, TDK Ventures)Method | — | Back |
| 23 | Mission Zero TechnologiesUnited Kingdom · Europe | Series A · USD 27.7M · Mar 2024Moved from pilots to commercially sponsored deployments; 3 systems targeted by end-2024 · Mar 2024 | Last known equity round: Series A · USD 27.7M · Mar 2024 (2150 (lead); Breakthrough Energy Ventures, Siemens Financial Services, World Fund, Fortescue); GBP 21.8MMethod | — | Back |
| 24 | PaebblNetherlands · Europe | Series A · USD 25M · Oct 2024Key metrics not disclosed | Last known equity round: Series A · USD 25M · Oct 2024 (Capnamic; Amazon Climate Pledge Fund, Holcim, Grantham Foundation)Method | — | Back |
| 25 | CapturaUnited States · North America | Series A · USD 21.5M · Jan 2024Two pilot plants in California; 1,000 t/yr pilot with Equinor in Norway · Jan 2024 | Last known equity round: Series A · USD 21.5M · Jan 2024 (Maersk Growth, Eni Next, EDP Ventures; Equinor, Hitachi, Aramco); Expanded Series A; initial USD 12M in Jan 2023Method | — | Back |
| 26 | VarahaIndia · Asia | Series B (first tranche) · USD 20M · Feb 2026100,000-tonne carbon removal deal with Microsoft; 20 projects across South Asia · Feb 2026 | Last known equity round: Series B (first tranche) · USD 20M · Feb 2026 (WestBridge Capital (lead); RTP Global, Omnivore); first close of a Series BMethod | — | Back |
| 27 | Ebb CarbonUnited States · North America | Series A · USD 20M · Apr 2023Key metrics not disclosed | Last known equity round: Series A · USD 20M · Apr 2023 (Prelude Ventures, Evok Innovations)Method | — | Back |
| 28 | GigablueIsrael · Middle East & North Africa | Series A (first close) · USD 20M · Jan 2026Puro.earth methodology for microalgae carbon fixation and sinking released · Sep 2025 | Last known equity round: Series A (first close) · USD 20M · Jan 2026 (Planet Ocean Capital); Second close reportedly underwayMethod | — | Back |
| 29 | DioxycleUnited States · North America | Series A · USD 17M · Aug 2023Key metrics not disclosed | Last known equity round: Series A · USD 17M · Aug 2023 (Lowercarbon Capital, Breakthrough Energy Ventures Europe; Gigascale Capital)Method | — | Back |
| 30 | CarbyonNetherlands · Europe | Series A · USD 17M · Sep 2024Key metrics not disclosed | Last known equity round: Series A · USD 17M · Sep 2024 (Siemens Financial Services, Omnes Capital; Invest-NL, Innovation Industries, Lowercarbon Capital); EUR 15.3M at ~1.11 USD/EUR.Method | — | Back |
| 31 | RepAirIsrael · Middle East & North Africa | Series A · USD 15M · Apr 2025Key metrics not disclosed | Last known equity round: Series A · USD 15M · Apr 2025 (Taranis Carbon Ventures, Extantia Capital (leads); Ormat Technologies, Repsol); Separate USD 3M Israel Innovation Authority grant excluded.Method | — | Back |
| 32 | MCi CarbonAustralia · Oceania | Strategic round · USD 5M · Jan 2025Myrtle demonstration plant opened in Newcastle, serving Orica's Kooragang ammonia plant · Jun 2026 | Last known equity round: Strategic round · USD 5M · Jan 2025 (Mitsubishi UBE Cement; Itochu, Mizuho Bank, Sumitomo Mitsui Trust Bank)Method | — | Back |
| 33 | Alt CarbonIndia · Asia | Seed · USD 12M · May 2025Removal offtake of 10,000 tonnes with MOL Group · May 2025 | Last known equity round: Seed · USD 12M · May 2025 (Lachy Groom); USD-denominated roundMethod | — | Back |
| 34 | EquaticUnited States · North America | Series A · USD 11.6M · Aug 2025Engineering first 100 kt/yr commercial CDR plant; Boeing among buyers · Aug 2025 | Last known equity round: Series A · USD 11.6M · Aug 2025 (Catalytic Capital for Climate and Health (Temasek Trust), Kibo Invest; consortium of global investors)Method | — | Back |
| 35 | Greenlyte Carbon TechnologiesGermany · Europe | Pre-Series A · USD 11.4M · Mar 2024Key metrics not disclosed | Last known equity round: Pre-Series A · USD 11.4M · Mar 2024 (Earlybird, Green Generation Fund, Carbon Removal Partners, Partech; Dr. Udo Jung); EUR 10.5M at ~1.09 USD/EUR; EFRE grants excluded.Method | — | Back |
| 36 | Planetary TechnologiesCanada · North America | Series A · USD 11.3M · Sep 2024Key metrics not disclosed | Last known equity round: Series A · USD 11.3M · Sep 2024 (Evok Innovations; BDC Capital, Amplify Capital, DNX Ventures)Method | — | Back |
| — | Capsol TechnologiesNorway · Listed · Oslo Børs · CAPSL | Revenue NOK 42.7M over the 12 months to mid-2026, down 57%Market cap about NOK 330M (8 Oct 2026) | about USD 35MMarket cap · Oct 2026 · 7.7x revenueListed company · not ranked | ||
| 37 | Sirona TechnologiesBelgium · Europe | Seed · USD 6.4M · Jun 2024Project Furu, a commercial-scale direct air capture project in Norway, after a pilot in Kenya · Oct 2026 | Last known equity round: Seed · USD 6.4M · Jun 2024 (LocalGlobe, XAnge; Satgana, VOYAGERS Climate-Tech Fund); EUR 6M at ~1.07 USD/EUR.Method | — | Back |
| 38 | InPlanetGermany · Europe | Seed · USD 4.6M · Nov 2023Key metrics not disclosed | Last known equity round: Seed · USD 4.6M · Nov 2023; Seed extension bringing total funding to EUR 5.6MMethod | — | Back |
| 39 | Octavia CarbonKenya · Sub-Saharan Africa | Seed · USD 3.9M · Oct 2024Project Hummingbird DAC + storage pilot in Kenya planned to go live end-2024 · Oct 2024 | Last known equity round: Seed · USD 3.9M · Oct 2024 (Lateral Frontiers, E4E Africa (co-leads); Catalyst Fund, Launch Africa, Fondation Botnar, Renew Capital)Method | — | Back |
| 40 | Parallel CarbonUnited Kingdom · Europe | Seed · USD 3.6M · Jan 2024Key metrics not disclosed | Last known equity round: Seed · USD 3.6M · Jan 2024 (Aramco Ventures, Counteract; Axon Partners, DNX Ventures)Method | — | Back |
| 41 | Planet SaversJapan · Asia | Seed · USD 1.6M · Apr 2024Selected for JPY 100M Mitsui & Co. Co-creation Fund grant to scale DAC · May 2026 | Last known equity round: Seed · USD 1.6M · Apr 2024 (JAFCO Group, Spiral Capital); JPY 250M Published valuation: about JPY 1.2bn (filings) (Apr 2024)Method |
— | Back |
Back · Declaring an intention does not mean this company is raising funds. · Terms
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- TOWING · Japan · AsiaMay 2025; JPY 1.94bn including loans; equity share undisclosedBack
- Eion · United States · North AmericaSep 2024 · USD 3M; amount of the initial Series A not disclosedBack
- Novocarbo · Germany · EuropeMar 2024; EUR 25M, split between equity and debt not disclosedBack
- UNDO · United Kingdom · EuropeMay 2023; USD 12M reported, nature of the investment not disclosedBack
- Nuada · United Kingdom · Europe2023; GBP 3.4M from BGF in 2023, then GBP 4.5M at an undisclosed dateBack
- Storegga · United Kingdom · EuropeMar 2021; amounts undisclosedBack
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- Capsol Technologies · NorwayOslo Børs · CAPSL · about USD 35M (Oct 2026)
- LanzaTech · United StatesNasdaq · LNZA · about USD 79M (Oct 2026)
- Calix · AustraliaASX · CXL · about USD 46M (Aug 2026)
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: October 20, 2026.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (carbon capture). A company appears in one segment only.
Sources. Company announcements, Axios, Bloomberg, TechCrunch, Carbon Herald, Canary Media, BetaKit, ESG Today, AgFunder News, The Bridge, Forbes Australia, Irish Times, Swissinfo, company filings and market data for listed companies.