Total amount raised
$60 Millions
Latest funding date
08/01/2022
Location
Carbon Direct has successfully raised funds through a Series A round, with notable investors including Decarbonization Partners and Quantum Energy Partners. The company offers a comprehensive carbon management platform designed to help clients reduce and remove carbon emissions.
Keep reading to explore the intricacies of Carbon Direct's fundraising journey and the investors backing this innovative platform.
What Is Carbon Direct?
Carbon Direct, founded in 2019 by Jonathan Goldberg, is headquartered in New York, New York. The company operates in the carbon capture and SaaS industries, providing a comprehensive carbon management platform designed to help clients reduce and remove carbon emissions.
With a team of 101-250 employees, Carbon Direct offers science-backed solutions for integrated carbon management. Their services include software-based platforms for measuring, reducing, and removing carbon emissions, as well as advisory services leveraging expertise in science, data, and policy.
How Much Funding Has Carbon Direct Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and scaling of Carbon Direct's carbon management platform.
- Series A
- Amount Raised: $60M
- Date: August 2022
- Lead Investors: Decarbonization Partners, Quantum Energy Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Carbon Direct's science-based carbon management platform and scale its offerings to help organizations meet their climate goals.
Total Amount Raised: $60M
Current Valuation: Not publicly disclosed
Key Investors
- Decarbonization Partners
- Details: Decarbonization Partners is a joint venture between Singapore’s Temasek and BlackRock, launched with a $600 million commitment. They focus on investing in companies with proven technology and scalability potential.
- Investment Focus Areas: Energy, mobility, manufacturing & materials, built environment
- Notable Investments: Monolith, Group14 Technologies, MycoWorks
- Quantum Energy Partners
- Details: Founded in 1998, Quantum Energy Partners is a global provider of private equity, credit, structured capital, and venture capital. They manage over $18 billion in capital commitments.
- Investment Focus Areas: Responsibly sourced energy, energy transition, decarbonization sectors
- Notable Investments: Not publicly disclosed
What's Next for Carbon Direct?
Carbon Direct stands at the cusp of significant opportunities, driven by the global push towards net-zero emissions. Their platform, which helps organizations monitor, reduce, and remove carbon emissions, is poised for expansion. The $60 million raised will enable them to scale their operations, enhance their technology, and broaden their client base, including major enterprises like Microsoft and Shopify.
Future fundraising opportunities seem promising, given the backing from major investors like Decarbonization Partners and Quantum Energy Partners. As Carbon Direct continues to grow, additional funding rounds could further accelerate their mission and potentially lead to strategic acquisitions to enhance their capabilities.
However, challenges lie ahead. Ensuring the scalability and effectiveness of their solutions, staying ahead of competitors, and navigating the complexities of the carbon credit market will be critical. Maintaining scientific rigor while scaling operations will be essential to their continued success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Carbon Direct and gather other critical business insights.
Sign up for free to start exploring the wealth of information available and gain a competitive edge in your sales efforts.
