Carbon Management Startup Closes $11 Million in Series C

Inventys secured an initial tranche of its Series C equity financing led by OGCI Climate Investments, and existing investors The Roda Group and Chevron Technology Ventures.

According to the company, a key building block for unlocking the growth of the CO₂ marketplace is shifting the carbon capture cost curve down by at least a factor of two from conventional technology (chemical solvents). Inventys strives to do this with advanced solid adsorbent nanomaterials, combined with a novel modular compact contactor, to capture CO₂ from very dilute post-combustion flue gases from industrial processes and gas-fired power plants.

The company plans to use the financing to fund the 30-tonne per day CO₂ capture pilot plant demonstration program with Husky Energy, scheduled to be in operation in 2019, as well as support Inventys’ aggressive time-to-market strategy for 2020.