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OGCI backs new carbon capture unicorn

OGCI Climate Investments, a specialist investor focused on decarbonisation solutions, has made an additional investment in Svante as part of the carbon capture specialist’s $318 million Series E fundraising round, which values the company at over $1 billion, giving it unicorn status. 

OGCI Climate Investments (CI), a specialist investor focused on decarbonisation solutions, has made an additional investment in Svante as part of the carbon capture specialist’s $318 million Series E fundraising round, which values the company at over $1 billion, giving it unicorn status. 
 
CI initially invested in Svante in 2018, and has made additional investments in every subsequent round alongside new and existing investors. 
 
Svante makes filters and rotary contactor machines that capture and remove carbon dioxide (CO2) from industrial emissions and the air. 

This latest funding round will support Svante’s commercial-scale filter manufacturing facility in Vancouver, Canada, which is anticipated to produce enough filter modules to capture millions of tonnes of CO2 per year across hundreds of large-scale carbon capture and storage facilities. 

Other Series E participants included existing shareholders Temasek, Delek US, and Hesta AG, as well as new investors, 3M Ventures (the venture capital arm of 3M Company), Full Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Ventures, TechEnergy Ventures, and United Airlines Ventures. 
 

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