What is Avnos?
Avnos is at the forefront of developing and commercializing advanced technology for Direct Air Capture (DAC) of CO2. Their proprietary Hybrid Direct Air Capture (HDAC) solution is designed for efficiency, particularly in water-scarce environments, requiring only air, electricity, and solid sorbents. Unlike traditional methods, HDAC eliminates the need for heat, making it a more sustainable and potentially cost-effective approach to carbon capture. The company aims to serve industries and sectors actively seeking efficient and scalable carbon capture solutions, positioning itself as a key player in the urgent global effort to combat climate change. Avnos projects the lowest Levelized Cost of Capture in the DAC market, signaling a strong competitive advantage.
How much funding has Avnos raised?
Avnos has raised a total of $133M across 3 funding rounds:
Other Financing Round
$80M
Series A
$36M
Private Equity
$17M
Other Financing Round (2023): $80M with participation from JetBlue Technology Ventures, Shell, and ConocoPhillips
Series A (2024): $36M led by NextEra Energy, Envisioning Partners, Safran, and Rusheen Capital Management
Private Equity (2025): $17M supported by Shell USA and Mitsubishi Corporation
Key Investors in Avnos
JetBlue Technology Ventures
JetBlue Ventures invests in early-stage startups focused on enhancing travel and hospitality, with a portfolio including companies in travel management and airline revenue optimization. They prioritize technological advancements and sustainability in their investment decisions.
Shell
Shell is a global energy and petrochemical company dedicated to meeting the world's growing energy demands in an economically, environmentally, and socially responsible manner.
ConocoPhillips
ConocoPhillips is a major independent energy company specializing in the exploration and production of oil, natural gas, and hydrocarbons, operating across multiple continents.
What's next for Avnos?
The recent major strategic investment in Avnos signals a strong validation of its technology and market potential, likely positioning the company for accelerated scaling and broader market penetration. This influx of capital, part of its $133M in total financing, will likely be directed towards expanding operational capacity, further refining its HDAC technology, and forging strategic partnerships. Given the enterprise-level nature of its funding, Avnos appears to be moving beyond the early development stages and is poised for significant growth and commercial deployment. The company's focus on water-scarce environments and cost-effectiveness suggests a strategic approach to addressing diverse global needs for carbon capture, potentially leading to expansion into new geographic markets and industry verticals.
See full Avnos company page
