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.