Heirloom Raises $150 Million Series B to Rapidly Scale Commercial Direct Air Capture
Summary
BRISBANE, Calif., December 04, 2024--(BUSINESS WIRE)--Heirloom, Americas leading Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. A range of new industrial investors, including Japan Airlines Co., Ltd., Mitsubishi Corporation (Americas), Mitsui & Co., Ltd., and Siemens Financial Services, representing difficult to decarbonize sectors of the economy automotive, shipping, aviation, and advanced manufacturing also participated. Through our real-world deployments and continued technological advancements, we are demonstrating not only that Heirloom has a clear trajectory to the lowest-cost DAC solution but that we are executing on that vision and delivering results. Late last year, Heirloom began operating North Americas first commercial DAC facility in Tracy, California, shortly after signing one of the largest CO2 removal deals to date with Microsoft. The company has also signed deals to provide carbon removal to Stripe, Meta, Shopify, JPMorgan, McKinsey, Workday, H&M Group, Autodesk, and others.Heirlooms technology enhances the power of limestone the worlds second most abundant, and one of the cheapest, minerals to capture CO2 directly from the air.