Canvas Category Consultancy : Company : Venture Capital
Lowercarbon Capital backs kickass companies that make real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to unf**k the planet.
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
Sublime Systems, a developer of technology to produce decarbonized cement, today announced that it has closed a $40 million Series A funding round, led by climate-tech focused fund Lowercarbon Capital with participation from existing investors including The Engine, Energy Impact Partners and others. Siam Cement Group, the largest cement producer in Southeast Asia, is also joining as a strategic investor. The company will use the new capital to ramp up production at its pilot plant, build its team, conduct product testing, and advance offtake commitments from new customers and partners.
Solugen raises over $200 million Series D to reimagine the chemistry of everyday life
Solugen is reimagining the chemistry of everyday life with enzymes found in nature. We make chemicals better, faster, cheaper, and without fossil fuels from right here in Houston, Texas. Whether you care about the climate, local competitiveness, or just plain old profits, we have good news: it’s working!
Our first Bioforge has been operating for a year and Solugen is running a nearly nine figure business with high margins selling commodity and specialty chemicals. We have established ourselves with top tier customers for our existing solutions and fortune 100 technology partners to build a robust pipeline of future molecules that will help us achieve our goal of 10 mil tons of CO2 removed from the atmosphere.
Last year we raised over $300m to fund our first Bioforge. Now, we’ve raised over $200m, which increases our valuation above $2b. This capital allows us to break ground on our next Bioforge and start working on 3, 4 and 5, both in the US and abroad. We will significantly grow and advance our new molecule pipeline to enable an even wider range of carbon negative and low carbon solutions for our customers and for end consumers.