What is Fortera?
Headquartered in Los Gatos, California, Fortera is at the forefront of developing technologies to capture carbon dioxide directly from stationary industrial emitters, such as power plants and cement facilities. The company's proprietary process permanently converts captured CO2 into stable mineral forms, with the ultimate objective of creating valuable commercial products, including cementitious materials. This dual approach of environmental remediation and product development positions Fortera as a key player in the circular economy and carbon utilization sector.
How much funding has Fortera raised?
Fortera has raised a total of $130.8M across 5 funding rounds:
Unspecified
$15M
Unspecified
$19.9M
Unspecified
$10.6M
Debt
$350K
Series C
$85M
Unspecified (2010): $15M with participation from Peabody Energy
Unspecified (2010): $19.9M led by U.S. Department of Energy
Unspecified (2011): $10.6M, investors not publicly disclosed
Debt (2020): $350K featuring PPP
Series C (2024): $85M backed by Temasek and Khosla Ventures
Key Investors in Fortera
Temasek
Temasek, a global investment company founded in 1974 and headquartered in Singapore, acts as a generational investor focused on making a lasting impact.
Khosla Ventures
Khosla Ventures is a prominent venture capital firm known for its investments in technology and innovation.
Peabody Energy
Peabody Energy, established in 1883, is a significant player in the coal mining industry, supplying essential materials to electricity generators and industrial facilities.
What's next for Fortera?
With the infusion of major strategic capital, Fortera is poised to accelerate its development and scaling efforts. The company's focus on converting captured CO2 into valuable products suggests a strategic move towards commercialization and market penetration. Future endeavors will likely involve expanding operational capacity, forging new industrial partnerships, and further refining its conversion technologies to enhance efficiency and product viability. This significant investment signals a critical phase for Fortera as it aims to translate its innovative carbon capture solutions into tangible market impact.
See full Fortera company page
