{"id":147709,"date":"2024-07-09T07:15:00","date_gmt":"2024-07-09T05:15:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=147709"},"modified":"2024-07-08T16:06:50","modified_gmt":"2024-07-08T14:06:50","slug":"neustark-secures-usd-69-million-in-funding-to-expand-carbon-removal-solution-globally","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/neustark-secures-usd-69-million-in-funding-to-expand-carbon-removal-solution-globally\/","title":{"rendered":"Neustark secures $69 million in funding to expand carbon removal solution globally"},"content":{"rendered":"\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-1024x768.jpg\" alt=\"Neustark's core competence, permanent removal of CO\u2082 in demolition concrete, at one of its storage sites in Switzerland.\" class=\"wp-image-147683\" style=\"aspect-ratio:1.3333333333333333;width:644px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-1024x768.jpg 1024w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-300x225.jpg 300w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-150x113.jpg 150w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-768x576.jpg 768w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-1536x1152.jpg 1536w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X-360x270.jpg 360w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Muttenz_B010_0095-ps-X.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Neustark&#8217;s core competence, permanent removal of CO\u2082 in demolition concrete, at one of its storage sites in Switzerland. \u00a9 neustark<\/figcaption><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Growth equity funding round led by Decarbonization Partners, with participation from Blume Equity, to propel neustark&#8217;s expansion across Europe, North America, and Asia-Pacific, and support its mission to remove 1 million tons of CO<sub>2<\/sub> in 2030.<\/strong><\/li>\n\n\n\n<li><strong>Existing backers Siemens Financial Services, Verve Ventures, ACE Ventures, and Holcim continue their support, and UBS adds debt financing.<\/strong><\/li>\n\n\n\n<li><strong>The Swiss climate tech company secures one of the largest growth equity investment rounds in carbon removal (source: cdr.fyi).<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Climate tech growth investor Blume Equity also participated in the round. The new investors join neustark\u2019s existing backers, which are all continuing their support: Holcim, Siemens Financial Services, Verve Ventures, and ACE Ventures. In addition, UBS has contributed capital to the round via debt financing. Neustark also has a <a href=\"https:\/\/www.neustark.com\/en\/news\/neustark-and-holcim-launch-landmark-investment-and-strategic-collaboration-agreement-to-scale-up-permanent-carbon-removal-2-2\">strategic collaboration with Holcim to scale up its carbon removal technology globally,<\/a> enabling building solutions that are both circular and low-carbon.<\/strong><\/p>\n\n\n\n<p>The Swiss CDR specialist has developed and deployed an IP-protected solution that allows the durable removal of carbon dioxide from the atmosphere by capturing CO<sub>2<\/sub> at point source, then binding it in mineral waste streams via an accelerated mineralization process.<\/p>\n\n\n\n<p>Biogenic CO<sub>2<\/sub> is captured from partnering biogas plants, then liquified and transported to construction waste recycling sites. There, the carbon dioxide is injected into concrete granulates from demolished buildings or other mineral waste such as slag and slurry. Neustark\u2019s technology triggers an accelerated mineralization process, binding the CO<sub>2<\/sub> permanently to the pores and surface of the granules. The carbonated, recycled aggregate can then be used to build roads or to produce fresh recycled building materials. The mineralization process stores the captured CO<sub>2<\/sub> for hundreds of thousands of years, and the risk of reversal is proven to be slim to none.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"819\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-1024x819.jpg\" alt=\"Founders and co-CEOs of neustark: Valentin Gutknecht (left), Johannes Tiefenthaler (right).\" class=\"wp-image-147685\" style=\"aspect-ratio:1.2503052503052503;width:286px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-1024x819.jpg 1024w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-300x240.jpg 300w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-150x120.jpg 150w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-768x614.jpg 768w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc-338x270.jpg 338w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/co-CEOs-neustark-Johannes-Tiefenthaler-Valentin-Gutknecht_2024-06-24-112056_agrc.jpg 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Founders and co-CEOs of neustark: Valentin Gutknecht (left), Johannes Tiefenthaler (right). \u00a9 neustark<\/figcaption><\/figure><\/div>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe turn the world\u2019s largest waste stream \u2013 demolition concrete \u2013 into a carbon sink. In the last year, we have already deployed our unique solution at 19 sites. This growth investment will take us into the next exciting phase of our mission, helping us to further scale our impact across Europe, enter new markets in North America and Asia Pacific, and develop new solutions to store even more CO<sub>2<\/sub> in mineral waste streams,\u201d said <strong>Johannes Tiefenthaler, co-CEO and founder at neustark<\/strong>. He added: \u201cThe CDR market is experiencing substantial growth, driven by high-quality and durable carbon removal solutions, and a surging demand for trusted carbon credits. Despite this, we need to exponentially accelerate the removal of CO<sub>2<\/sub> if we want to reach net zero goals by 2050. This target will only be possible by globally deploying highly scalable, measurable and commercially viable carbon removal solutions at the scale of millions of tons per year.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Together with construction recycling partners, neustark currently has 19 carbon capture and storage plants in operation across Switzerland, Austria, Liechtenstein, and Germany. Forty future plants are currently under construction across Europe, with a robust pipeline of projects beyond that.<\/p>\n\n\n\n<p>Neustark has <a href=\"https:\/\/www.cdr.fyi\/leaderboards\">sold nearly 120,000 tons of carbon removal to date,<\/a> making it one of Europe\u2019s fastest-growing carbon removal companies, with clients including Microsoft, UBS and NextGen. All projects are certified under the Gold Standard to ensure credible third-party assessment and transparency related to performance.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"1024\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-768x1024.jpg\" alt=\"Decarbonization Partner\u2019s Global Head &amp; Chief Investment Officer Meghan Sharp (left) and neustark\u2019s co-CEO and founder Johannes Tiefenthaler (right).\" class=\"wp-image-147681\" style=\"aspect-ratio:0.75;width:255px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-768x1024.jpg 768w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-225x300.jpg 225w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-113x150.jpg 113w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-1152x1536.jpg 1152w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-1536x2048.jpg 1536w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-203x270.jpg 203w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/07\/Neustark_Decarbonization-Partners_Johannes-Tiefenthaler_Meghan-Sharp-scaled.jpg 1920w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\">Decarbonization Partner\u2019s Global Head &amp; Chief Investment Officer Meghan Sharp (left) and neustark\u2019s co-CEO and founder Johannes Tiefenthaler (right). \u00a9 neustark<\/figcaption><\/figure><\/div>\n\n\n<p>Neustark will be able to capitalize on Decarbonization Partners\u2019 global platform and reach, including its access to corporates and investors across North America and Asia Pacific and its dedicated decarbonization specialists as well as Blume Equity&#8217;s deep climate network and expertise in scaling European disruptive climate tech companies. With their partnership, alongside neustark\u2019s existing investors \u2013 all of whom possess extensive technology investment portfolios \u2013, neustark will expand its team and enhance its offerings to meet the increasing global demand for CDR.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Meghan Sharp, Global Head &amp; Chief Investment Officer of Decarbonization Partners<\/strong>, said: \u201cWith carbon capture, utilization and storage being one of our key investment focuses, we believe that we have found a perfect partner to help scale the industry \u2013 and ultimately its decarbonization impact \u2013 in the years to come. Neustark not only helps organizations integrate carbon removal to address their hard-to-abate emissions, but their solution also contributes to decarbonizing the construction industry.\u201d She added: \u201cWith their unique business model that seamlessly integrates two existing and mature industries without disrupting their day-to-day operations, neustark has established themselves as one of the global leaders in high-quality durable CDR with a solution that is removing carbon dioxide from the atmosphere today.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">About Neustark<\/h3>\n\n\n\n<p>Neustark is a leading provider in this rapidly growing field, having developed a solution to permanently store CO\u2082 from the air in recycled mineral waste such as demolished concrete.<\/p>\n\n\n\n<p>Our first solutions have been deployed in Switzerland and Europe and are already capturing and storing tons of CO\u2082 every day. We are currently scaling up our operations and carbon removal impact globally \u2013 on the road to our ambition of removing one million tons of CO\u2082 in 2030, and beyond that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Climate tech growth investor Blume Equity also participated in the round. The new investors join neustark\u2019s existing backers, which are all continuing their support: Holcim, Siemens Financial Services, Verve Ventures, and ACE Ventures. In addition, UBS has contributed capital to the round via debt financing. Neustark also has a strategic collaboration with Holcim to scale [&#8230;]<\/p>\n","protected":false},"author":114,"featured_media":147685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The Swiss climate tech company secures one of the largest growth equity investment rounds in carbon removal","footnotes":""},"categories":[5571,17143],"tags":[10744,21452,12330,10416,11749,22835,10453,10743],"supplier":[9170,24492,21688,24490],"class_list":["post-147709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-co2-based","category-recycling","tag-carboncapture","tag-carbonstorage","tag-ccu","tag-circulareconomy","tag-construction","tag-recyclates","tag-recycling","tag-useco2","supplier-blackrock","supplier-blume-equity","supplier-holcim-ltd","supplier-neustark"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/147709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=147709"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/147709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/147685"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=147709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=147709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=147709"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=147709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}