What is Solid Carbon?
Solid Carbon is at the forefront of innovative offshore carbon dioxide removal technology. The company specializes in mineralizing captured CO2 within ocean basalt, effectively converting it into rock. This process, guided by an international team of researchers led by Ocean Networks Canada, integrates multiple proven technologies to achieve efficient atmospheric carbon capture. Solid Carbon's scalable approach is critical for combating climate change and fostering a sustainable future, positioning them as a key player in the climate tech sector.
How much funding has Solid Carbon raised?
Solid Carbon has raised a total of $17M across 1 funding round:
Other Financing Round
$17M
Other Financing Round (2025): $17M with participation from Government of Canada - Canada Revenue Agency
Key Investors in Solid Carbon
Government of Canada - Canada Revenue Agency
The Canada Revenue Agency is a federal government agency responsible for administering tax laws and collecting taxes for the Government of Canada and most provinces and territories. It plays a crucial role in financial compliance and managing benefit programs across Canada.
What's next for Solid Carbon?
With this major enterprise-level funding, Solid Carbon is poised for significant expansion and technological advancement. The strategic investment signals strong confidence in their unique carbon mineralization process. The company is expected to accelerate its research and development efforts, scale its operational capacity, and forge key partnerships with technology collaborators. This backing will be instrumental in Solid Carbon's mission to deploy effective carbon removal technologies alongside emissions reduction strategies, contributing substantially to global climate objectives.
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