CarbonBlue, an Israeli climate tech start-up, has successfully closed a seed funding round, raising a total of $10 million to advance its innovative water-based Carbon Dioxide Removal (CDR) technology globally. This funding will enable CarbonBlue to expand globally, scale up its technology, and integrate with water-utilizing industrial facilities.
CarbonBlue’s technology is notable for its ability to utilise any type of water, making it versatile for integration with various water infrastructures that can be converted into CDR assets to combat global warming. The technology can remove pure CO2 from any water source, freeing the water up to absorb more CO2 from the atmosphere.
The investment round was led by Ibex Investors and FreshFund, with significant contributions from strategic investors including Engie New Ventures and ZIM Ventures, the corporate venture arm of ZIM Integrated Shipping Services. Existing investors such as Jibe Ventures, MoreVC, and Secret Chord Ventures also participated.
Frauke Kracke, Science Lead at Frontier and Stripe Climate, praised CarbonBlue for its dual benefits of restoring ocean health and removing CO2 without chemicals. Jonathan Schwartz from Ibex Investors noted, “What sets CarbonBlue apart from other CDR players is their ability to directly support and integrate into mission-critical infrastructure projects such as e-fuels and desalination.”