---
title: CarbonCapture Inc. closes $80 million Series A financing
description: CarbonCapture Inc. (CarbonCapture), a leading US-based direct air capture (DAC) company, today announced the successful completion of its $80 million Series A financing following the addition of multiple strategic investors that include Amazon's Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. The financing was led by Prime Movers Lab, a leading investor in breakthrough scientific startups, with participation from Idealab X, Marc Benioff's TIME Ventures, Neotribe Ventures, Alumni Ventures, and several other venture investors. Funds will be used to further technology development and to field early installations of CarbonCapture's modular DAC systems.
image: https://www.carboncapture.com/hubfs/cci-funding-series-a-landscape%5B17%5D.jpg
---

 Mar 12, 2024

# CarbonCapture Inc. closes $80 million Series A financing

![CarbonCapture closes $80 million Series A financing](https://www.carboncapture.com/hubfs/cci-funding-series-a-landscape%5B17%5D.jpg)

We're proud to announce the successful completion of our $80 million Series A financing following the addition of multiple strategic investors that include Amazon's Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. The financing was led by Prime Movers Lab, a leading investor in breakthrough scientific startups, with participation from Idealab X, Marc Benioff's TIME Ventures, Neotribe Ventures, Alumni Ventures, and several other venture investors. Funds will be used to further technology development and to field early installations of CarbonCapture's modular DAC systems.

[Read the full announcement.](https://www.prnewswire.com/news-releases/direct-air-capture-company-carboncapture-inc-closes-80-million-series-a-financing-302086698.html?tc=eml_cleartime)

##### Newsroom

[All news](https://www.carboncapture.com/newsroom)

Nov 20, 2024

### [CarbonCapture Inc. Announces Georgia Tech as Newest Partner in Advancing Sorbents for Scalable Direct Air Capture](https://www.carboncapture.com/newsroom/sorbent-development-partnership-with-georgia-tech)

<https://www.globenewswire.com/news-release/2023/12/04/2790429/0/en/CarbonCapture-Inc-Promotes-Dr-Saeb-Besarati-to-Chief-Technology-Officer.html>

Dec 04, 2023

### [CarbonCapture Inc. Promotes Dr. Saeb Besarati to Chief Technology Officer](https://www.globenewswire.com/news-release/2023/12/04/2790429/0/en/CarbonCapture-Inc-Promotes-Dr-Saeb-Besarati-to-Chief-Technology-Officer.html)

<https://www.globenewswire.com/news-release/2023/11/16/2782100/0/en/Frontier-Buyers-Sign-20M-Offtake-Agreement-with-CarbonCapture-Inc-to-Remove-over-45-000-tons-of-Carbon-Dioxide-from-the-Atmosphere.html>

Nov 16, 2023

### [Frontier Buyers Sign $20M Offtake Agreement with CarbonCapture Inc.](https://www.globenewswire.com/news-release/2023/11/16/2782100/0/en/Frontier-Buyers-Sign-20M-Offtake-Agreement-with-CarbonCapture-Inc-to-Remove-over-45-000-tons-of-Carbon-Dioxide-from-the-Atmosphere.html)