Captura Expands Series A to $45.3M for Ocean Carbon Capture

Captura, a Caltech spinoff specializing in ocean carbon capture technology, has successfully expanded its Series A funding to $45.3 million. 

This round, which included new investors National Grid Partners and the Japan Airlines Innovation Fund, will help broaden operations and enhance business outreach. 

Backed by orgs like the Musk Foundation’s Carbon Removal XPRIZE and the U.S. Department of Energy’s ARPA-E, Captura hopes to significantly reduce the level of carbon in the atmosphere. 

Their technology, validated through various pilots in California and an upcoming installation in Norway, builds on the ocean’s natural ability to drawdown CO2, allowing for large scale and low cost operations. 

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