Climeworks, a leader in Direct Air Capture (DAC) technology, has achieved a significant milestone by raising $162 million in equity funding, marking the largest carbon removal investment globally for 2025 so far.
This funding round emphasizes Climeworks’ commitment to scaling its innovative technology to reduce carbon removal costs. With this latest investment, the company’s total funding has surpassed $1 billion, solidifying its industry leadership.
Key investors included BigPoint Holding and Partners Group, along with support from other existing investors, reflecting strong confidence in Climeworks’ technology and long-term mission to transform carbon removal.
How the funding will be used: Climeworks is raising funds to support the development of its advanced direct air capture (DAC) technology, which aims to reduce carbon removal costs. The company has made significant progress with its plants: Orca successfully validated its approach, while Mammoth is enabling large-scale testing of new technologies.
Recent advancements include doubled energy efficiency, increased throughput, and longer lifespan of filter materials, all of which are essential for creating a profitable DAC plant. The funding will also help Climeworks expand its carbon removal solutions, allowing companies to invest, manage risks, and improve their carbon initiatives.
Momemtum: Climeworks is expanding its carbon removal offerings and strengthening its position as the industry leader. As demand grows, companies are turning to nature-based and hybrid solutions for immediate needs while focusing on technical removals for the long term. Climeworks is well-equipped to meet both short- and long-term demand with over 6 million tons of secured supply in its global portfolio.
KEY QUOTE:
“Direct Air Capture has gone from experiment to essential—and we’re focused on scaling it by driving down costs and pushing innovation. Our hybrid model builds long-term demand while generating cash flow today, helping us grow a market that investors now see as inevitable. Crossing the $1 billion equity mark isn’t just a milestone—it shows that carbon removal is real, needed, and here to stay.”
Christoph Gebald, co-CEO and co-founder of Climeworks
