What is 44.01?
Founded in 2020, 44.01 is named after the molecular mass of carbon monoxide (CO), symbolizing its mission to build a new industry around carbon capture and utilization. The company aims to repurpose existing skills and expertise to help nature combat climate change by developing technologies that capture CO2. This focus positions 44.01 at the forefront of the energy transition, seeking to create sustainable solutions for a pressing global challenge.
How much funding has 44.01 raised?
44.01 has raised a total of $42M across 2 funding rounds:
Angel/Seed
$5M
Series A
$37M
Angel/Seed (2021): $5M with participation from Apollo Projects and Breakthrough Energy Ventures
Series A (2024): $37M led by Alumni Ventures, Shorooq Partners, and Climate Investment Funds
Key Investors in 44.01
Apollo Projects
Apollo Projects is a design and construction company with experience across various industries, suggesting a potential role in the infrastructure development for 44.01's carbon capture facilities.
Breakthrough Energy Ventures
Breakthrough Energy Ventures is a prominent climate-focused investment fund, indicating a strong strategic alignment with 44.01's mission to combat climate change through innovative technology.
Alumni Ventures
Alumni Ventures manages venture capital funds for top colleges and universities, suggesting a focus on supporting innovative, potentially university-linked technologies like those developed by 44.01.
What's next for 44.01?
The recent Series A financing of $37M positions 44.01 for significant scaling and further technological development. This substantial backing, following an earlier seed round, suggests the company is moving beyond its initial research phase into broader market application. Investors like Shorooq Partners, known for their focus on growth markets and innovation, and Alumni Ventures, which supports university-backed ventures, indicate a strategic alignment with 44.01's mission. The company is likely to expand its operational capacity, enhance its carbon capture technologies, and forge new partnerships to accelerate its impact on the energy transition and climate change mitigation.
See full 44.01 company page
