![]() Heirloom's mission is to remove 1 billion tons of CO2 from the atmosphere by 2035. Our catalytic investments in durable direct air capture technologies like Heirloom aim to drive mainstream adoption by bringing down the green premium through large-scale deployment," says Mark Kroese, General Manager, Sustainability Solutions at Microsoft. "To limit the planet's warming to 1.5☌, we need to combine significant carbon reductions with carbon removal from the atmosphere. Heirloom is already being deployed, and Carbon Direct is excited to work with Heirloom to hyper-scale its critical technology." ![]() "Heirloom's vision is to remove 1 billion tonnes of carbon dioxide by 2035 and deliver cost-effective direct air capture. "Carbon removal is essential to hit our climate goals," said Jonathan Goldberg, founder and CEO of Carbon Direct. Over the last year, Heirloom has also received grant funding from the ARPA-e and the National Science Foundation. The Series A financing also includes investments from leading climate funds and entrepreneurs, including Breyer Capital, Grantham Environmental Trust, Chris Sacca's Lowercarbon Capital, Marc Benioff's TIME Ventures, Carbon Removal Partners, and Seven Seven Six. By using abundant and affordable minerals, a simple, modular system, and leveraging mature technology and infrastructure, their technology has the lowest peer-reviewed, at-scale cost of any direct air capture technology on the market. Heirloom is fundamentally changing the carbon removal space. In the 10 months since we launched, we've made a breakthrough in the rate we take up CO2 from the atmosphere, giving us a clear path to ultra-low cost, highly scalable carbon removal, and achieving our mission to help reverse climate change." "Utilizing low cost, earth abundant minerals as a sponge for CO2 is key to making the economics work. "The costs of Direct Air Capture have to come way down to make a meaningful impact on climate change," said Shashank Samala, Co-founder and CEO at Heirloom. The funding, among the largest private financings in direct air capture to date, will help Heirloom to scale by funding their continued research and development, and their first deployment. The IPCC has made it clear that we need to permanently remove tens of billions of tons of CO2 from the atmosphere to keep global temperature rise below 1.5℃. Alice Newcombe-Ellis of Ahren will join Heirloom's board of directors. SAN FRANCISCO, Ma/PRNewswire/ - Heirloom, a direct air capture company permanently removing CO 2 from the atmosphere, announced today that it has raised $53MM in a Series A funding round co-led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, with The Microsoft Climate Innovation Fund as an additional participant. Heirloom has attracted forward-thinking, sustainably minded companies like Stripe, Shopify, Klarna, and more as customers.At gigaton scale, Heirloom's technology has the lowest peer-reviewed cost of any direct air capture process in the world.In the year since launch, Heirloom has made a major breakthrough in accelerated carbon mineralization, and built a team of engineers and scientists from institutions like Tesla, Plenty, Google, Apple, Berkeley, and Penn.This growth capital, one of the largest private financings in direct air capture to date, will finance the first deployment of Heirloom's low-cost, scalable direct air capture process.Raise Co-Led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, for first major deployment
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