What is Eion?
Founded in 2021 and headquartered in Princeton, New Jersey, Eion is dedicated to developing and implementing permanent carbon removal technologies. The company operates within the burgeoning climate tech sector, aiming to provide scalable solutions for mitigating atmospheric carbon dioxide. Eion's focus on permanent removal positions it as a key player in the global effort to combat climate change through technological innovation.
How much funding has Eion raised?
Eion has raised a total of $15M across 2 funding rounds:
Series A
$12M
Series A
$3M
Series A (2022): $12M with participation from Orion, AgFunder, Ridgeline Logistics, Sibelco, and Mercator Partners
Series A (2024): $3M led by AgFunder, Ridgeline, and GROWMARK
Key Investors in Eion
AgFunder
AgFunder VC is a global venture capital firm focused on advancing agrifood, human, and planetary health through investments in deeptech platforms, including AI, biotech, and robotics. The firm aims to address systemic bottlenecks in food and agriculture by backing innovative technologies that promote sustainable growth.
Ridgeline
Ridgeline is a privately funded, financial tech startup headquartered in Incline Village, Nevada. They are building modern software for investment managers.
GROWMARK
Founded in 1927, GROWMARK is an agricultural cooperative serving cooperatives, retailers, businesses, and customers in the U.S. and Canada, providing fuels, lubricants, crop nutrients, crop protection products, seed, construction services, equipment, and grain marketing assistance.
What's next for Eion?
With this substantial strategic investment, Eion is poised for significant expansion. The capital injection will likely fuel advancements in its core technology, enhance its operational capacity, and potentially broaden its market reach. As a company operating in a sector critical to global sustainability goals, Eion's trajectory will be closely watched by investors and environmental stakeholders alike. The company's ability to scale its permanent carbon removal solutions will be paramount to its long-term success and impact.
See full Eion company page
