CarbonBlue, a climate-tech startup based in Haifa, Israel, has secured $10 million after concluding a seed investment round.
Leading the round were Ibex Investors and FreshFund, with participation from current investors Jibe Ventures, MoreVC, and Secret Chord Ventures.
Strategic investors Engie New Ventures and ZIM Ventures—the corporate venture capital division of ZIM Integrated Shipping Services—also participated.
The money will be used by the company to grow its operations internationally, advance its technological capabilities, and look into new integrations with industrial facilities that consume water.
CarbonBlue, a climate tech business led by Dr. Dan Deviri, has created technology that uses water and water-using industries and infrastructure to remove CO2 from the atmosphere.
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Founded in 2022, it is building a facility that is integrated with the desalination plant Maagan Michael and developing projects in North and South America, Europe, and the MENA region.
Dr. Dan Deviri said: “It will allow us to expand our collaborations with major players in the climate, energy, and water sectors, and help us solidify and mature our technology and its applications. This vote of confidence from industry leaders validates our approach; it shows that they believe climate change deeply affects their core businesses, and that CarbonBlue’s contribution to this global effort is a significant one<.”
The ecologically friendly Direct Water Capture system from CarbonBlue is exceptional since it may use any kind of water.
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The ability to integrate with any water-using facility is made possible by this universal water compatibility, which also has the potential to turn any current water infrastructure into a CDR asset in the fight against global warming.
About CarbonBlue
CarbonBlue is the principal substance on Earth that absorbs, collects, and sequesters atmospheric Co2 from water, enabling it to absorb more and allowing us to instantaneously turn any water-based infrastructure into a CO2 removal facility.
