Carbon transformation-focused cleantech company Twelve announced that it has raised $645 million of capital, including a mix of project equity, a Series C financing and credit facilities, with proceeds aimed at building out the companies capacity to produce sustainable aviation fuel (SAF) from CO2. Nicholas Flanders, Chief Executive Officer at Twelve, said: “Our financing strategy has been to build a…

ESG-focused software analytics platform provider Datamaran announced a $33 million investment from Morgan Stanley’s late-stage growth equity private investment platform Morgan Stanley Expansion Capital. Datamaran said that it will use the new capital to accelerate its growth in the U.S. market, and to advance initiatives in generative AI. Founded in 2014, London-based Datamaran provides an AI-powered software analytics platform enabling…

Air Company, designer of a platform to produce synthetic fuels and chemicals from captured CO2 and hydrogen, announced that it had secured $69 million in Series B funding to advance its technology to reduce emissions in areas that until now have proven difficult to manage, including aviation. Currently, most sustainable aviation fuel (SAF) is produced from plant-based feedstock, which can…

Phlair (formerly Carbon Atlantis), a company developing a carbon capture system to remove unavoidable CO₂ emissions, announced that it has raised €14.5M in a seed round for the expansion of its footprint and further innovation of its Direct Air Capture (DAC) technology. Direct air capture (DAC) technologies extract CO₂ directly from the atmosphere, and can be used anywhere – unlike…

Google announced today a new agreement with carbon removal company Mombak for the purchase of 50,000 carbon credits generated through Mombak’s reforestation projects in the Brazilian Amazon. The agreement marks Google’s first-ever purchase of nature-based carbon credits, and follows a commitment announced in March by the company to contract for at least $35 million of carbon removal credits over the next 12…