![]() ![]() "The costs of Direct Air Capture have to come way down to make a meaningful impact on climate change," said Shashank Samala, Co-founder and CEO at Heirloom. The funding, among the largest private financings in direct air capture to date, will help Heirloom to scale by funding their continued research and development, and their first deployment. The IPCC has made it clear that we need to permanently remove tens of billions of tons of CO2 from the atmosphere to keep global temperature rise below 1.5℃. Alice Newcombe-Ellis of Ahren will join Heirloom's board of directors. ![]() SAN FRANCISCO, Ma/PRNewswire/ - Heirloom, a direct air capture company permanently removing CO 2 from the atmosphere, announced today that it has raised $53MM in a Series A funding round co-led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, with The Microsoft Climate Innovation Fund as an additional participant. Heirloom has attracted forward-thinking, sustainably minded companies like Stripe, Shopify, Klarna, and more as customers.At gigaton scale, Heirloom's technology has the lowest peer-reviewed cost of any direct air capture process in the world.In the year since launch, Heirloom has made a major breakthrough in accelerated carbon mineralization, and built a team of engineers and scientists from institutions like Tesla, Plenty, Google, Apple, Berkeley, and Penn.This growth capital, one of the largest private financings in direct air capture to date, will finance the first deployment of Heirloom's low-cost, scalable direct air capture process. ![]() Raise Co-Led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, for first major deployment ![]()
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