The $69 million investment round was led by Decarbonization Partners, founded by BlackRock and Temasek.
Neustark, a Swiss-based initiative focusing on carbon emissions, announced that it has received a new investment. According to the information provided by Neustark, the startup received an investment of 69 million dollars. The $69 million investment round was led by Decarbonization Partners, founded by BlackRock and Temasek.
In addition to Decarbonization Partners, Blume Equity and existing investors Holcim, Siemens Financial Services, Verve Ventures and ACE Ventures also participated in the investment round. According to information shared by Neustark, the investment will be used to accelerate the company’s growth and support their mission to permanently eliminate 1 million tons of CO2 by 2030.
Founded in 2017 in Bern by Johannes Tiefenthaler, Mischa Repmann and Valentin Gutknecht, Neustark focuses on achieving zero-emission concrete by capturing emissions from concrete production from the atmosphere and permanently converting them into limestone.
Neustark focuses on capturing and permanently converting carbon that would otherwise be released into the atmosphere and has carbon capture facilities. Neustark manages 19 carbon capture facilities and is working on 40 new carbon capture facilities.
