280 Earth Raises $50M in Series B Funding for Direct Air Capture Expansion
280 Earth Closes $50M Series B Funding Round
280 Earth Raises $50M in Series B Funding
Key Highlights:
- Company Overview: 280 Earth is a company based in Mountain View, CA, and The Dalles, OR, specializing in removing CO2 from the air.
- Series B Funding: Raised $50 million in Series B funding, led by Builders VC.
- Expansion Plans: The funding will be used to expand the company's DAC (Direct Air Capture) project development efforts.
280 Earth's Target Market
- Environmental Organizations and Initiatives: Organizations and initiatives focused on reducing carbon emissions and combating climate change.
- Industrial and Manufacturing Companies: Companies seeking to offset their carbon footprint and reduce their environmental impact.
- Government Agencies and Policies: Entities and policies promoting sustainable practices and carbon reduction.
What 280 Earth Needs to Buy
- Technology Development and Enhancement: Collaborations with research institutions and technology partners to further develop and improve direct air capture technology.
- Infrastructure and Equipment: Procurement of equipment and infrastructure for expanding DAC project development efforts.
- Partnerships and Collaborations: Collaborations with industry partners, government agencies, and environmental organizations to drive adoption and implementation of direct air capture solutions.