Greenlyte Carbon Technologies, a very promising up-and-comer in direct air capture carbon removal, has received €10.5 million in a pre-series A round of funding
, a very promising up-and-comer in direct air capture carbon removal, has received €10.5 million in a pre-series A round of funding with participation of Earlybird, Carbon Removal Partners, Partech, and others. With this funding, the company has now raised €20 million in combined equity and grants since it was founded in September 2022.
“As early endorsers, we at Green Generation Fund are thrilled to support Greenlyte’s exceptional team and its groundbreaking DAC technology. Florian, Niklas & Peter have combined scientific expertise, can-do spirit, and operational excellence since day one.” “2023 was one of the worst years, showing the detrimental effects of global warming. In Q4 2023, it became clear that the demand for DAC was at a pivotal stage.
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