What is Carbfix?
Carbfix is a pioneering company specializing in converting CO₂ into stone through a revolutionary mineralization process, significantly contributing to climate recovery. With over a decade of experience, they offer consultancy services and feasibility studies for point source and terminal mineralization projects. Their technology targets industries such as iron and steel, cement, chemicals, and aluminum, providing a permanent CO₂ storage solution near industrial emitters or in large-scale terminals. Carbfix's mission is to scale underground CO₂ mineral storage globally, positioning itself as a key player in the fight against climate change.
How much funding has Carbfix raised?
Carbfix has raised a total of $117M across 1 funding round:
Grant
$117M
Grant (2022): $117M with participation from EU Innovation Fund
Key Investors in Carbfix
EU Innovation Fund
The EU Innovation Fund is a key financial instrument supporting the demonstration of innovative low-carbon technologies, likely focusing on large-scale climate solutions like Carbfix's carbon mineralization process.
What's next for Carbfix?
The substantial enterprise-level backing positions Carbfix for significant scaling of its carbon mineralization technology. This strategic investment is expected to accelerate the deployment of their solutions across major industrial emitters worldwide. Future growth will likely focus on expanding consultancy services, developing new feasibility studies for diverse mineralization projects, and solidifying partnerships to enhance global underground CO₂ storage capacity. The company's trajectory suggests a continued leadership role in developing permanent carbon sequestration solutions.
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