New CDR Funding Streams Emerge
Episode 5 of the Carbon Removal Newsroom podcast, hosted by Carbon Removal Strategies LLC, titled "New CDR Funding Streams Emerge" was published on October 28, 2022 and runs 36 minutes.
October 28, 2022 ·36m · Carbon Removal Newsroom
Summary
Just a few years ago, DAC technology existed exclusively on a lab bench. This year the industry raised over $1 billion in VC funding, with over 50 funded startups in existence. While there are still technological hurdles to overcome to bring CDR to scale, funding also needs to be diversified and innovated, something we’ve discussed before on this show. Tech money continues to pour into CDR. Just this week, two large new funding mechanisms for CDR companies have been announced. Terraset is a new philanthropy that aims to fill CDR’s ‘funding gap.’ They aim to pool $1 billion by 2030 to fund startups directly. Early announced funders are Tim Ferriss and Segment co-founder Calvin French-Owen. Propellor is a new VC fund that announced its first seed round of $100 million to invest in ocean-based climate tech. We’ll discuss both announcements with our regular business panel, Susan Su and Na’im Merchant. On This Episode Susan Su Na’im Merchant Radhika Moolgavkar Resources $1 Billion in DAC VC Funding in 2022 Terraset Propellor Brian Halligan Wood’s Hole Oceanographic Institute Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account
Episode Description
Just a few years ago, DAC technology existed exclusively on a lab bench. This year the industry raised over $1 billion in VC funding, with over 50 funded startups in existence.
While there are still technological hurdles to overcome to bring CDR to scale, funding also needs to be diversified and innovated, something we’ve discussed before on this show.
Tech money continues to pour into CDR. Just this week, two large new funding mechanisms for CDR companies have been announced.
Terraset is a new philanthropy that aims to fill CDR’s ‘funding gap.’ They aim to pool $1 billion by 2030 to fund startups directly. Early announced funders are Tim Ferriss and Segment co-founder Calvin French-Owen.
Propellor is a new VC fund that announced its first seed round of $100 million to invest in ocean-based climate tech.
We’ll discuss both announcements with our regular business panel, Susan Su and Na’im Merchant.
On This Episode
Resources
$1 Billion in DAC VC Funding in 2022
Wood’s Hole Oceanographic Institute
Connect with Nori
Nori’s other podcast Reversing Climate Change
Nori’s CDR meme twitter account