Climeworks has raised CHF600 million (USD650 million) in a funding round co-led by Partners Group (acting on behalf of its clients) and GIC, with further participation from (in alphabetical order) Baillie Gifford, Carbon Removal Partners, Global Founders Capital, John Doerr, M&G, Swiss Re, as well as other new and existing shareholders including long-term investor and anchor shareholder BigPoint Holding AG.
JP Morgan Securities LLC served as sole placement agent for Climeworks in connection with the transaction.
Since its foundation in 2009, Climeworks has pioneered direct air capture technology and is the most advanced industry player, with the world’s largest direct air capture and storage plant launched in September 2021. The new investor base includes several of the most renowned and largest institutional technology and infrastructure investors globally.
The funding will unlock the next phase of Climeworks’ growth, scaling direct air capture up to multi-million-ton capacity and implementing large-scale facilities as carbon removal becomes a trillion-dollar market.
