What is Verdox?
Founded in 2019 by Dr. Brian Baynes, Prof. T. Alan Hatton, and Dr. Sahag Voskian, Verdox is a climate-tech enterprise commercializing research originating from MIT. The company specializes in electroswing adsorption (ESA), a platform designed to remove carbon dioxide from both industrial emissions and the ambient atmosphere. By offering a 70% energy efficiency improvement over traditional thermal-based carbon capture methods, Verdox addresses the primary economic barrier to widespread carbon removal adoption. The company operates at the intersection of material science and industrial engineering, targeting sectors that are notoriously difficult to decarbonize, such as heavy manufacturing and energy production.
How much funding has Verdox raised?
Verdox has raised a total of $130M across 2 funding rounds:
Unspecified
$50M
Unspecified
$80M
Unspecified (2020): $50M with participation from Prime Impact Fund
Unspecified (2022): $80M led by Prelude Ventures, Breakthrough Energy Ventures, and Lowercarbon Capital
Key Investors in Verdox
Prelude Ventures
Prelude Ventures is an investment firm that focuses on supporting early-stage startups with significant potential to mitigate climate change, prioritizing sectors like carbon management and energy.
Breakthrough Energy Ventures
Backed by global business leaders, BEV invests in cutting-edge companies that will lead the world to net-zero emissions, providing patient, risk-tolerant capital for transformative innovations.
Lowercarbon Capital
Lowercarbon Capital backs companies that focus on slashing CO2 emissions and removing carbon from the atmosphere to address the global climate crisis.
What's next for Verdox?
With the recent infusion of capital, Verdox is poised to transition from pilot-scale validation to full-scale commercial deployment. The strategic focus will likely center on scaling its ESA platform to meet the demands of enterprise-level industrial partners. As the regulatory landscape for carbon emissions tightens globally, Verdox is well-positioned to capitalize on the increasing demand for cost-effective, scalable carbon management infrastructure. Future growth will depend on the company's ability to integrate its technology into existing industrial workflows while maintaining the energy efficiency advantages that define its competitive edge in the carbon capture market.
See full Verdox company page
