Canvas Category: Machinery : Special Purpose : Carbon Capture
Charm uses plants to capture CO₂ from the atmosphere. We convert biomass into a stable, carbon-rich liquid and then pump it deep underground. This removes CO₂ permanently from the atmosphere, out of reach of wildfires, soil erosion and land use change.
Accelerating Carbon Removal with our $100m Series B
Our new funding was led by General Catalyst. The firm is deeply committed to investing in ‘responsible innovation’ companies that can deliver outsized financial and societal returns. General Catalyst’s CEO and Managing Director Hemant Taneja will join our board alongside Ryan Panchadsaram from John Doerr’s office (also, authors of Speed and Scale). We’re proud that Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital and Elad Gil also invested as part of the round.
We’ll be using the new funding to accelerate our carbon removal deliveries. After deploying increasingly advanced pilot processes in 2021 and 2022, we began ramping up in 2023. Our primary focus is expanding bio-oil production and transport capacity, and since the beginning of the year we’ve increased tons of carbon removal delivered per week 5x.