What is Verdox?
Verdox is commercializing its electroswing adsorption (ESA) platform technology, originally developed at MIT, to remove carbon dioxide from industrial emissions and the air. Founded in late 2019 by Dr. Brian Baynes, Prof. T. Alan Hatton, and Dr. Sahag Voskian, the company's proprietary technology offers a compelling advantage, achieving approximately 70% energy savings compared to conventional carbon capture approaches. This positions Verdox as a key player in the burgeoning carbon removal and industrial decarbonization market, addressing critical environmental challenges with a focus on economic viability.
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
Breakthrough Energy Ventures (BEV) invests in cutting-edge companies aiming for net-zero emissions, supporting bold entrepreneurs in sectors including agriculture, buildings, electricity, manufacturing, and transportation.
Lowercarbon Capital
Lowercarbon Capital backs companies focused on slashing CO2 emissions and removing carbon from the atmosphere, providing crucial capital to climate-focused innovations.
What's next for Verdox?
With substantial enterprise-level backing, Verdox is poised for significant scaling and further technological development. The recent strategic investment signals a strong market validation for its ESA platform, likely enabling the company to expand its operational capacity, forge new industrial partnerships, and accelerate the deployment of its carbon capture solutions. This capital infusion is expected to drive Verdox's mission to make carbon removal a widespread and economically feasible reality, contributing to global climate goals.
See full Verdox company page
