Osborne Clarke has advised the two investors Redstone / VR Ventures and PROfounders on the recently completed financing round of the ClimateTech start-up CarbonX.
Founded in 2014, CarbonX aims to assist companies on their path to climate neutrality by facilitating access to high-quality and permanent carbon dioxide removal (CDR) solutions.
Their solution: a platform that connects companies with selected CDR initiatives. These projects use technologies such as Direct Air Capture, Biomass CDR, Enhanced Weathering, or Ocean CDR to permanently remove carbon from the atmosphere.
CarbonX has now successfully completed its new financing round with the support of Redstone / VR Ventures, PROfounders, and Engie New Ventures. The newly acquired capital is intended to support expansion into additional regions and the ongoing development of scientifically based CDR tools.
“This recent investment round from key institutional stakeholders not only acknowledges our steadfast commitment but also demonstrates a shared confidence in our vision. We believe that, with the support and collaboration of our new partners, CarbonX is ideally positioned to consolidate its role as the leading intermediary for permanent carbon removal, both in terms of volume and value, across a diverse range of pathways,” said Paolo Piffaretti, CEO and co-founder of CarbonX.
The Osborne Clarke team that advised Redstone / VR Ventures and PROfounders, led by Maximilian Vocke and Dana Alpar (both Venture Capital / Corporate), consisted of Catherine Olive, Julie Dahan, and Manon Gales (all Osborne Clarke France, Corporate).
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