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Energy & climate
Global segment ranking · Energy & climate › Carbon

The world’s most valuable carbon capture startups

Edition 0 (beta)·Published 8 Oct 2026·Next scheduled update 20 Oct 2026

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.

Twice a year Claude · multi-AI consensus from 1 Dec 2026· Method· Order never changed by a human

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

The segment at a glance
41companies ranked
6companies on the radar
13countries in the ranking
3listed benchmarks
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. Intention counters will be shown above a threshold of amount and number of Backers.

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.

Global ranking · Carbon capture

First edition: no movements yet.
Listed benchmark · 8 Oct 20267.7xmarket cap / revenue of Capsol Technologies, the only listed carbon capture pure playerUSD 35Mmarket cap of Capsol Technologies (8 Oct 2026)USD 79Mmarket cap of LanzaTech, which turns industrial emissions into ethanol (7 Oct 2026)

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

#CompanyLast round · Key metricsEstimated valuation (AI) · rangePool 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 →
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

Corporate investor? Back the startups of your own segment

Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (carbon capture). Country shown is the country of main operations. Request a correction

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.

  1. Hundreds of k$
  2. Millions $
  3. Tens of M$
  4. Hundreds of M$
  5. Unicorn
  6. Decacorn
  7. Hectocorn

Full method →

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.

Sponsored space · no Challenger listed 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

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.

Method and rules, common to all rankings →