Source: WSJ

Date Published: Jul 2, 2025

Link: Carbon Removal Startup Climeworks Fundraising Moves Past $1 Billion – WSJ 

Article Summary: Swiss startup Climeworks has now raised over $1 billion in equity funding, including a $162 million round led by BigPoint Holding and Partners Group to expand its carbon dioxide removal operations. Known for pioneering direct air capture (DAC) via large-scale facilities like the Mammoth plant in Iceland, Climeworks is now diversifying its approach by purchasing lower-cost carbon removal credits in reforestation, rock weathering, and biochar. This “all of the above” strategy reflects growing consensus among climate scientists and investors that both technical and nature-based solutions are needed to meet climate targets. Despite political uncertainty in the U.S. including a delayed DAC facility in Louisiana corporate demand remains strong, with buyers like TikTok and Two Drifters Distillery supporting Climeworks’ efforts. As competition for carbon removal investment heats up, Climeworks is focusing on cost reduction and scale, including exploring partnerships with Canada, the U.K., and Saudi Arabia. CEO Christoph Gebald argues that rising global temperature overshoot scenarios will only expand the addressable market for durable, verifiable carbon removal solutions.