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Company	Climeworks
Short Description	Developer of direct air capture technology that safely and permanently removes carbon dioxide from the air
Status	Private
Year Founded	2009
Industry Group	materials & chemicals
Sector	carbon capture usage & storage (ccus)
TRL Range	9
Country	Switzerland
Nbr Employees	101-250
Revenue Range	$500k - $2m
Total Equity Capital Raised	$796.2M
Last Stage Capital Raised	Grant round of $50K 2024
Investors	Zürcher Kantonalbank, Climate-KIC, Venture Kick, Vigier stiftung, Gebert Rüf Foundation, Shopify, Partners Group, GIC Special Investments, Baillie Gifford, Carbon Removal Partners, Global Founders Capital, John Doerr, M&G Investments, Swiss Re, BigPoint Holding, US Department of Energy (DOE), Microsoft Climate Innovation Fund, Swiss Entrepreneurs Foundation

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Climeworks

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Short description

Developer of direct air capture technology that safely and permanently removes carbon dioxide from the air

Founded in 2009

Founded in

Company type Private Public ()

Company type

Industry Group materials & chemicals

Sector carbon capture usage & storage (ccus)

TRL Range 9

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters Switzerland Zurich, Switzerland

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Updated by Anna at Climeworks on 12/11/2020

Edited by Cleantech Group on 06/04/2024

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6 customers
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23 partnerships
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13 financing events

23 investors

1 products

1 M&A items

Date		Company
		Can't find a company? Add a company Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
08/22/2024		Terraset Terraset Terraset to purchase CDR credits from Climeworks. Confirmed by Terraset	Learn more	Delete

Date		Partner	Type
		Can't find a partner? Add one Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
12/03/2024		KAPSARC KAPSARC The organisations agreed an MOU to jointly explore the possibility of developing Climeworks technology in Saudi Arabia. View source Confirmed by KAPSARC	Development Partner	Delete

IPO INFORMATION

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	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
05/28/2024	US Department of Energy (DOE) US Department of Energy (DOE) (1) Post-money valuation of Funding awarded by the US DOE's Carbon Dioxide Removal Purchase Pilot Prize. (source)	Grant	$50,000	Delete

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Product image	Name	Product status	Revenue model	Cost metrics
Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Carbon dioxide removal service Climeworks is offering its carbon dioxide removal service to businesses and individuals alike. It is the first time that direct air capture is combined with the safe and permanent storage of carbon dioxide and offered as a service to everyone. Climeworks' carbon dioxide removal is fully measurable, permanent and safe. More info: https://www.climeworks.com/subscriptions	Wide Commercial Availability	Subscription	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Carbon dioxide removal service

Climeworks is offering its carbon dioxide removal service to businesses and individuals alike. It is the first time that direct air capture is combined with the safe and permanent storage of carbon dioxide and offered as a service to everyone. Climeworks' carbon dioxide removal is fully measurable, permanent and safe. More info: https://www.climeworks.com/subscriptions

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Developer of direct air capture technology that safely and permanently removes carbon dioxide from the air

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