CO2 start-up Climeworks collects 590 million euros

Dusseldorf The climate start-up Climeworks is raising more than half a billion euros in its new round of financing – the highest sum ever for a company in the industry. Greentech from Zurich is one of the few specialists in the world who focus on separating and storing CO2 from the atmosphere. “With the new capital, we want to continue to grow strongly and, above all, invest in systems and drive forward the industrialization of our technology,” says Climeworks co-founder Christoph Gebald in an interview with the Handelsblatt.

Among the new investors are big names such as the Swiss private equity capital market expert Partners Group, the Scotsman Baillie Gifford and the Government of Singapore Investment Corporation, one of the largest sovereign wealth funds in the world. With the equivalent of almost 590 million euros, Climeworks wants to advance the industrialization of its so-called direct air capture method (DAC).