Energy
Invest-NL Invests in Smart Energy Storage with iwell
29 april 2025
September 3, 2024
3 minutes
Invest-NL invests in CO₂ reduction participating in Carbyon Series A funding
Invest-NL proudly announces its participation in a € 15.3 million funding round for the Dutch startup Carbyon, which specializes in Direct Air Capture (DAC) technology. This investment aligns perfectly with Invest-NL's mission to support innovative and impactful technologies that contribute to a sustainable future. Carbyon has developed an advanced technology that efficiently and cost-effectively captures CO₂ directly from the atmosphere, providing a scalable solution that can help achieve the so-called 'net zero' targets.
Carbyon is at the forefront of technological advancements in this field, achieving the necessary scale for an economically viable business case. Moreover, there is growing momentum in the market for DAC technology. There is a global increasing demand for effective carbon removal solutions, and Carbyon is well-positioned to play a leading role in this market. The participation of strong partners such as Siemens Financial Services (Next47), Omnes Capital, and Global Cleantech Capital, along with existing investors like Lowercarbon Capital and Innovation Industries, underscores the confidence in Carbyon's technology and market potential. Invest-NL is contributing € 3 million to this Series A funding round, and a € 3 million convertible loan provided in 2022 will be converted into equity.
Elwin van Rooijen, investment manager at Invest-NL, emphasizes that the investment in Carbyon fits within Invest-NL's broader strategy to support impactful and innovative technologies that contribute to a sustainable future: “At Invest-NL, we are proud of the role we have played in the development of Carbyon, one of the most promising Dutch cleantech startups. Although this investment in 2022 was outside the usual scope of our investment policy in terms of business phase and scale, we were already convinced of the enormous impact potential of their technology. This investment aligns perfectly with our mission to make the Netherlands more innovative and sustainable.”
The funding will be used for building and testing the first demonstration models, launching commercial pilots, and preparing for large-scale production. These steps are crucial to demonstrating the effectiveness of the technology in real-world conditions and proving its scalability.
By investing in Carbyon, Invest-NL plays a crucial role in promoting innovation and strengthening the position of the Netherlands as a leader in the global transition to sustainable energy.
Questions about this investment? Elwin is happy to help!
Elwin van Rooijen
sr. investment manager
(This page was translated with the help of A.I.)
