Carbo Culture to raise $6.2 million in a round led by True Ventures and joined by Cherry Ventures.

Carbo Culture, a Helsinki, FInland-based biotech startup commercialising large-scale carbon removal, announced in a press release the completion of a $6.2 million capital funding round.

The money was raised from a range of investors led by True Ventures from the United States and co-led by Cherry Ventures from Germany. The two were joined by Switzerland-based Übermorgen Ventures and angel investors Alex Patist - VP at Geltor Alex Patist, Albert Wenger, Maija Itkonen - Gold&Green Foods Founder, David Helgason, Moaffak Ahmed, Lifeline Ventures, and Paul Bragiel and Dan Bragiel.

The new funding will will be used to add more resources for engineering, research and product development, and grow the remote team across the US and Europe. The company is preparing to commence the engineering on a technology scale-up in the coming months.

Carbo Culture, founded by Pia Henrietta Moon (CEO), Christopher Carsten and Sam Van Wesenbeeck, provides a solution that turns methane-emitting local waste biomass into high carbon content charcoal. Their technology is an ultra-rapid conversion where woody residues are turned into functional biocarbons at a high temperature. The process locks the carbon into a stable form for over 1,000 years. A tonne of Carbo Culture biocarbon contains over 3.2 tonnes of CO2 in a safe and stable form.

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.

Carbo Culture previously raised a round of about $600k in 2018.