Carbo Culture raises EUR 550k for biochar development.
Carbo Culture, a Helsinki, Finland-founded and California, USA-headquartered company building a thermochemical reactor that turns bio-waste into biochar, announced securing EUR 550k ($674k) in a new investment round.
The money comes from a range of Finnish and US-based investors, including Lifeline Ventures, Starlight Ventures and angel investors Moaffak Ahmed, Dan Bragiel and Paul Bragiel, David Helgason, Tina Aspiala, Axel Sjöblom, Mika Ihamuotila and Atte Palomäki.
Carbo Culture, founded by Pia Henrietta Kekäläinen, Christopher Carsten and Sam Van Wesenbeeck, provides a solution that turns methane-emitting local waste biomass into high carbon content charcoal.
Carbo Culture operates mainly in US (California) and developed an easily transportable thermochemical reactor that turns bio-waste into biochar, handling six tonnes of waste per day. Biochar is a carbon made from organic substances found in food production waste from businesses like nut processing and vineyards. It is considered a strong carbon-negative supplement for soil as well as in use in water purification.
The company has been working on its solution since Singularity University's Global Solutions Program held in 2013 at NASA Ames Research Center in California.