Climeworks Series E — DAC technology scale-up (Orca + Mammoth plants, planned US expansion)
Climeworks Series E ~$650M (CHF 600M) — largest CDR funding round ever at the time. Co-led by Partners Group + GIC. HQ Zurich (Iceland Orca + Mammoth operating plants); subsequent US expansion (Project Cypress LA hub).
$600M
Deal Value
Carbon Capture & DAC
Technology
Multi-state
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Climeworks AG
- Buyer / Financier
- Partners Group + GIC (co-leads); Baillie Gifford, Carbon Removal Partners, Global Founders, John Doerr, M&G, Swiss Re, BigPoint
- Deal Value
- CHF 600M (~$650M USD)
- Stage
- Growth
- ISO/RTO
- Multiple
- Source
- ESG Today
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