Twelve Secures $85 million in Additional Series C & Project Funding
Summary
Twelve secured an additional $85 million in Series C and project funding for its AirPlant One facility in Moses Lake, Washington. The round included strategic investors such as Amazon’s Climate Pledge Fund, Mitsui, the Development Bank of Japan, and others, while existing backers also increased support. Twelve says the capital will help it scale its carbon transformation technology that converts CO2, water, and electricity into hydrocarbons and other products. The company positions this financing as a step toward commercializing sustainable fuels and materials across multiple industries.
Funding
Amount
$85.0M
Total raised
Date
February 18, 2025
Announcement date
Investors
Mitsui O.S.K. Lines, The Coca-Cola Company, Fundamental Advisors, Mitsui Private Equity, Greycroft, Advantage Partners, 日本政策投資銀行(DBJ), TPG Growth, DCVC
Lead investors
Company
twelve.co
Funded company
Classifications
industries
Energy & Natural Resources
applications
Human Resources
AskAI Classifications
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