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Swiss DAC firm Climeworks closes $162M led by Swiss investors
With this recent investment, the company's overall financing has increased to over USD 1 billion since its inception, which further strengthens its position as industry leader.
The Week in AgriFoodTech: Climeworks raises $162m, Danone acquires Kate Farms, Del Monte files Ch. 11
This week, Swiss direct air capture (DAC) startup Climeworks raised $162 million to scale up its carbon capture technology and Polish startup Proteine Resources netted $11.2m to build an autonomous insect protein factory. On the CPG front, Danone grabbed a majority stake in medical nutrition company Kate Farms and 138-year old Del Monte Foods filed for bankruptcy. Startup funding 🇨🇭 Swiss DAC firm Climeworks closes $162m led by Swiss investors…
The Zurich-based company, a pioneer in the CO2 capture sector, managed to secure significant funds regardless of the difficulties it faces. Last month, the company announced that it had to separate about 20% of its workforce against challenges, both technical and financial.The news surprised various observers in the sector. The specialist in the capture of CO2 in the air Climeworks announced on Tuesday that it had raised 162 million dollars (128…
Climeworks has received $162 million in cash from a capital increase. This cash will be reinvested in research to reduce the cost of the pioneer's technology for extracting carbon dioxide (CO2) from the air.
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