Total amount raised
$1.3 Billion
Latest funding date
12/01/2024
Location
LanzaTech has successfully raised funding through 18 rounds, with the most recent being a Grant round led by the European Union. The company is backed by 25 investors, including notable entities like the European Union and the UK Government.
Keep reading to explore the intricacies of LanzaTech's fundraising journey and the investors backing this innovative carbon recycling platform.
What Is LanzaTech?
LanzaTech is a pioneering company in the field of carbon recycling, utilizing proprietary bio-fermentation technology to convert waste carbon into sustainable fuels, chemicals, and materials. The company is headquartered in Skokie, Illinois, and operates within various industries, including Carbon Capture, Clean Energy, and Renewable Energy.
Founded with a mission to create a circular carbon economy, LanzaTech partners with energy-intensive industries to capture and process carbon-rich gases. The company employs between 251-500 people and is publicly traded under the ticker NASDAQ:LNZA. Dr. Jennifer Holmgren, the CEO, leads the company with over 20 years of experience in the energy sector.
How Much Funding Has LanzaTech Raised?
- Round Name: Series Unknown
- Amount Raised: USD 30,000,000
- Date: December 2021
- Lead Investors: ArcelorMittal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance carbon recycling technology and expand operations.
- Round Name: Private Equity
- Amount Raised: USD 500,000,000
- Date: October 2022
- Lead Investors: Brookfield Renewable Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production capabilities and support global expansion.
- Round Name: Grant
- Amount Raised: USD 31,000,000
- Date: December 2022
- Lead Investors: UK Government
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance carbon capture and recycling technologies.
- Round Name: Grant
- Amount Raised: USD 1,640,286
- Date: January 2023
- Lead Investors: US Department of Energy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development in carbon recycling.
- Round Name: Post IPO Equity
- Amount Raised: USD 185,000,000
- Date: February 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and operational capabilities.
- Round Name: Post IPO Equity
- Amount Raised: USD 40,000,000
- Date: August 2024
- Lead Investors: Carbon Direct Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop sustainable fuel technologies.
- Round Name: Grant
- Amount Raised: USD 3,000,000
- Date: October 2024
- Lead Investors: US Department of Energy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To transform CO2 into sustainable chemicals.
- Round Name: Grant
- Amount Raised: USD 200,000,000
- Date: December 2024
- Lead Investors: U.S. Department of Energy Office of Electricity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale carbon recycling projects.
- Round Name: Grant
- Amount Raised: GBP 6,400,000
- Date: July 2025
- Lead Investors: UK Government
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance carbon capture and recycling technologies.
- Round Name: Grant
- Amount Raised: EUR 40,000,000
- Date: November 2025
- Lead Investors: European Union
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support sustainable fuel and material production.
Total Amount Raised: USD 1,036,040,286
Current Valuation: Not publicly disclosed
Key Investors
- European Union
- Details: The European Union is a political and economic union of 27 member states located primarily in Europe. It provides funding and grants to support various initiatives, including sustainable and clean energy projects.
- Investment Focus Areas: Clean energy, sustainability, innovation.
- Notable Investments: LanzaTech, Horizon 2020, European Green Deal.
- UK Government
- Details: The UK Government is the central government of the United Kingdom, responsible for implementing laws and policies. It supports innovation and sustainability projects through various grants and funding programs.
- Investment Focus Areas: Innovation, sustainability, clean energy.
- Notable Investments: LanzaTech, Innovate UK, Clean Growth Fund.
- U.S. Department of Energy
- Details: The U.S. Department of Energy (DOE) is a federal agency responsible for advancing the national, economic, and energy security of the United States. It funds research and development in energy technologies.
- Investment Focus Areas: Energy efficiency, renewable energy, carbon management.
- Notable Investments: LanzaTech, ARPA-E, National Renewable Energy Laboratory.
- Brookfield Renewable Partners
- Details: Brookfield Renewable Partners is a global leader in renewable power, owning and operating a diverse portfolio of renewable energy assets. It focuses on investing in sustainable energy solutions.
- Investment Focus Areas: Renewable energy, hydroelectric power, wind energy.
- Notable Investments: LanzaTech, TerraForm Power, Pattern Energy.
- ArcelorMittal
- Details: ArcelorMittal is the world's leading steel and mining company, with a presence in over 60 countries. It invests in innovative technologies to reduce carbon emissions and enhance sustainability.
- Investment Focus Areas: Steel production, mining, sustainability.
- Notable Investments: LanzaTech, Steligence, XCarb.
What's Next for LanzaTech?
With the recent $3 million grant from the U.S. Department of Energy, LanzaTech is poised to transform CO2 into sustainable chemicals, specifically isopropanol. This project, known as Project ADAPT, aims to meet the growing global demand for propylene, projected to reach $150 billion by 2030. The success of this initiative could open doors for further investments and partnerships, enhancing LanzaTech's market presence.
Future fundraising opportunities are likely to arise as the company demonstrates the viability of its technology. Potential investors may include governmental bodies and private entities focused on sustainable technologies. However, LanzaTech will need to navigate technical challenges in scaling up production and face competition from other companies in the carbon recycling sector.
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