What is 44.01?
Founded in 2020, 44.01 derives its name from the molecular mass of CO2, signaling its core 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 utilize CO2. This strategic focus positions 44.01 at the forefront of the burgeoning carbon economy, addressing critical environmental challenges through industrial innovation.
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 Breakthrough Energy Ventures and Apollo Projects
Series A (2024): $37M led by Climate Investment Funds, Alumni Ventures, and Shorooq Partners
Key Investors in 44.01
Climate Investment Funds
Climate Investment Funds is an entity focused on channeling capital towards climate-related initiatives and sustainable development projects.
Alumni Ventures
Alumni Ventures Group (AVG) is an investment firm that manages venture capital funds for alumni networks of top universities, providing a structured approach to venture investing.
Shorooq Partners
Shorooq Partners is a MENA-based alternative investments manager specializing in venture capital and private credit, supporting visionary founders in growth markets.
What's next for 44.01?
The recent major strategic investment, classified as a Series A funding round, indicates that 44.01 is entering a crucial scaling phase. This capital infusion is expected to accelerate the company's technological development, expand its operational capacity, and potentially forge new strategic partnerships. With a clear mandate to contribute to the energy transition and climate change mitigation, 44.01 is poised to further solidify its market position and drive the adoption of CO2-based industrial solutions.
See full 44.01 company page
