What is Mission Zero Technologies?
Based in London, UK, Mission Zero Technologies is a burgeoning direct air capture (DAC) startup that emerged from DSV in the summer of 2020. The company has developed a patent-pending breakthrough technology aimed at carbon cycle closure. Mission Zero has garnered recognition through various accolades and shortlistings, including the 2020 Diamond List. Currently, the company is focused on developing its first pilot plant, slated for launch in 2023 in Thetford, UK, in collaboration with O.C.O Technology. This strategic expansion highlights the company's commitment to scaling its impactful climate solutions.
How much funding has Mission Zero Technologies raised?
Mission Zero Technologies has raised a total of $32.6M across 2 funding rounds:
Angel/Seed
$5M
Series A
$27.6M
Angel/Seed (2022): $5M with participation from Anglo American and Breakthrough Energy Ventures
Series A (2024): $27.6M led by Fortescue, World Fund, 2150, and Siemens
Key Investors in Mission Zero Technologies
Anglo American
Anglo American is a global mining company focused on the responsible extraction of essential natural resources, with operations spanning multiple commodities and a commitment to supplying materials critical for modern industry and the energy transition.
Breakthrough Energy Ventures
Breakthrough Energy Ventures (BEV) is a prominent investment firm backed by global business leaders, dedicated to funding cutting-edge companies that drive the world towards net-zero emissions, particularly in sectors like agriculture, buildings, electricity, manufacturing, and transportation.
Fortescue
Fortescue is a global mining and green energy company with extensive operations and a growing focus on sustainable energy solutions and technological innovation, aiming to diversify its business while developing clean energy alternatives.
What's next for Mission Zero Technologies?
The substantial Series A financing, alongside previous seed capital, positions Mission Zero Technologies for significant scaling and technological advancement. This major strategic investment, particularly from entities like Fortescue, World Fund, 2150, and Siemens, suggests a strong alignment with industrial decarbonization efforts and the broader clean energy transition. The backing from these diverse investors, ranging from heavy industry to specialized climate tech funds, indicates a robust pathway for Mission Zero to accelerate its pilot program development and commercial deployment. The company is poised to leverage this capital to further refine its DAC technology and expand its operational footprint, contributing meaningfully to global carbon reduction goals.
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