What are the latest funding news in the CCUS market? (March 2026)
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The CCUS market continues to attract early-stage capital despite a challenging macro environment for climate tech, with a wave of seed rounds signaling growing investor conviction in novel capture and utilization pathways.
From February 2025 to March 2026, at least 12 CCUS pure-play companies publicly announced fundraises, spanning direct air capture, CO2-to-chemicals, CO2-to-fuels, and distributed building-level capture.
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Insights
- Seed rounds dominate this funding cycle: 7 of the 12 deals are seed or pre-seed, suggesting the CCUS market is still largely pre-commercial, with most capital flowing toward technology validation rather than deployment at scale.
- The largest single deal -- Climeworks at $162M -- is roughly 4x the combined total of all other rounds, highlighting how capital concentration in CCUS remains extreme, with one mature DAC player absorbing most growth-stage funding.
- CO2 utilization pathways (SAF, chemicals, cement additives, formates) outnumber pure storage plays in this period, reflecting a market shift toward "use it" over "bury it" as the preferred near-term commercialization strategy.
- European founders are punching above their weight: 4 of the 12 companies are EU or UK-headquartered, yet collectively raised over $30M, challenging the assumption that CCUS innovation is primarily a North American story.
- No disclosed valuations across all 12 deals is telling -- investors and founders are deliberately keeping valuation benchmarks private, likely because the market lacks comparable exits or revenue multiples to anchor pricing.
- At least 3 deals involve strategic corporate investors (Shell, Mitsubishi, Ormat, Repsol, Idemitsu), pointing to a quiet but meaningful trend of energy incumbents acquiring optionality in next-generation capture and storage tech.
- The OCOchem and Lydian raises both had undisclosed investor lists, a pattern that may reflect political sensitivity around climate tech funding in the current U.S. regulatory environment.
- Water-based and electrochemical capture approaches (Vycarb, RepAir, Brineworks, ARK) are gaining traction as lower-energy alternatives to amine-based systems, which have historically dominated point-source capture.
In our CCUS market deck, we have collected signals proving this market is hot right now
Summary table of the latest funding deals in the CCUS market as of March 2026
We define the CCUS market as the set of products and services that enable capturing CO2, conditioning it, moving it, and then either using it or storing it to prevent atmospheric release.
We include CO2 capture (point-source and direct air), compression/conditioning, CO2 transport infrastructure and services, utilization pathways, and geological storage (including monitoring and verification directly tied to storage or durable utilization).
We exclude general decarbonization advisory, corporate carbon accounting not tied to specific CCUS projects, trading of carbon credits as a standalone activity, and CO2 uses that are primarily for short-lived consumption without durable storage.
You can also read our detailed analysis to understand how funding activity in the CCUS market has evolved over the last few years.
We also have a quarter-by-quarter analysis of funding activity in the market here.
Finally, you can check our complete list of fundraising deals for the CCUS market (we update this list every quarter).
| Name | When | Amount in $ | Round Type | Category |
|---|---|---|---|---|
| pHathom Technologies | February 5, 2026 | $4.0M | Seed | Capture & Durable Storage (Ocean DIC) |
| Co-reactive | January 28, 2026 | ~$7.0M | Seed | Utilization & Permanent Mineralization (Cement SCMs) |
| OCOchem | January 14, 2026 | $2.15M | Not specified | Utilization (CO2 to Formate Chemicals) |
| Lydian | January 8, 2026 | $43.7M | Financing | Utilization (CO2 to SAF) |
| Avnos | November 6, 2025 | $17.0M | Project Finance | Direct Air Capture & Conditioning |
| Vycarb | October 6, 2025 | $5.0M | Seed | Capture & Storage (Bicarbonate) & MRV |
| Brineworks | September 19, 2025 | ~$7.4M | Seed | Direct Air Capture & Utilization (E-fuels Inputs) |
| RenewCO2 | August 1, 2025 | $4.0M | Seed | Utilization (CO2 to Chemicals & Fuels) |
| Climeworks | July 2, 2025 | $162.0M | Equity | Direct Air Capture & Geological Storage |
| RepAir | April 24, 2025 | $15.0M | Series A | Capture (Diluted Sources & DAC) |
| ARK Capture Solutions | March 25, 2025 | ~$2.4M | Pre-seed | Capture (Low-concentration Flue Gas) |
| CarbonQuest | February 26, 2025 | $20.0M | Funding Round | Capture & Conditioning & Distributed Reuse |
All the latest funding deals in the CCUS market as of March 2026
pHathom Technologies raised $4.0M in a seed round in early February 2026 to advance biogenic CO2 capture and durable ocean storage.
When was it?
The deal was announced on February 5, 2026.
Who are they?
pHathom Technologies is a Canadian startup that captures biogenic CO2 from coastal bioenergy and industrial sites and converts it into dissolved inorganic carbon for long-term ocean storage using existing coastal infrastructure.
Geographical focus?
pHathom Technologies is focused on Canada for its initial deployments, particularly coastal bioenergy sites in Atlantic Canada.
Why do we include them in the CCUS market?
pHathom Technologies sits squarely in the CCUS market under the capture and durable storage category, specifically the emerging bioenergy carbon capture and durable ocean storage pathway.
What is the company stage?
pHathom Technologies is at the pilot and early deployment stage, using this seed funding to run validation projects and advance regulatory approval for its approach.
How much did they raise?
pHathom Technologies raised $4.0M in this seed round, contributing to a total of over $12M in committed capital.
What round is it?
This was a seed equity round.
Why did they raise?
pHathom Technologies raised to accelerate pilot deployment, validate the technology at scale, and complete the monitoring and regulatory work needed to unlock broader commercial adoption.
In our CCUS market deck, we help you understand how the market is structured
Co-reactive closed a ~$7.0M seed round in late January 2026 to scale CO2 mineralization into CO2-negative cement additives.
When was it?
The deal was announced on January 28, 2026.
Who are they?
Co-reactive is a German deeptech startup that continuously mineralizes captured CO2 into supplementary cementitious materials (SCMs), permanently binding carbon inside construction materials.
Geographical focus?
Co-reactive is based in North Rhine-Westphalia (NRW), Germany, and is targeting European industrial and construction markets for its initial demo and pilot projects.
Why do we include them in the CCUS market?
Co-reactive belongs to the CCUS market under the CO2 utilization and permanent mineralization category, serving construction material producers as its primary customer segment.
What is the company stage?
Co-reactive is transitioning from a working prototype to a roughly 1,000-ton continuous demonstration plant, making this a late prototype to demo-scale stage.
How much did they raise?
Co-reactive raised approximately $7.0M (EUR 6.5M) in this seed round.
What round is it?
This was a seed round.
Why did they raise?
Co-reactive raised to scale its mineralization process from prototype to industrially relevant demonstration and pilot capacity in NRW.
OCOchem raised $2.15M in January 2026 to continue scaling its CO2-to-formate chemicals production in Washington State.
When was it?
The deal was announced on January 14, 2026.
Who are they?
OCOchem is a U.S. company based in Richland, Washington that uses CO2 electrolysis to convert captured industrial CO2 and water into formic acid and formates -- clean chemical feedstocks and energy carriers.
Geographical focus?
OCOchem operates primarily in the United States, with partnerships extending into the EU, targeting industrial CO2 sources and chemical buyers.
Why do we include them in the CCUS market?
OCOchem belongs to the CCUS market under the CO2 utilization category, specifically converting captured CO2 into durable industrial chemicals that displace fossil-derived molecules.
What is the company stage?
OCOchem is at an early commercial stage, already shipping product and building out pilot projects and commercial partnerships.
How much did they raise?
OCOchem raised $2.15M in this round.
What round is it?
The round type was not specified publicly.
Why did they raise?
OCOchem raised to keep scaling operations and expand commercialization and partnership work around CO2-to-formate production, despite a difficult funding environment for climate tech in the U.S.
In our CCUS market deck, we identify repeatable patterns you can use if you’re building in this market
Lydian secured $43.7M in financing in early January 2026 to advance its CO2-to-sustainable aviation fuel technology toward commercial demonstration.
When was it?
The deal was announced on January 8, 2026.
Who are they?
Lydian is a U.S. startup that converts captured CO2, water, and renewable electricity into sustainable aviation fuel (SAF) through a power-to-liquids process.
Geographical focus?
Lydian's deployment strategy is not geographically constrained -- the company is positioned to operate wherever low-cost renewable electricity and CO2 sources are co-located.
Why do we include them in the CCUS market?
Lydian belongs to the CCUS market under the CO2 utilization category, using captured CO2 as a direct feedstock for aviation fuel production and serving SAF offtakers as its primary customers.
What is the company stage?
Lydian is at the demo-scale ramp stage, reportedly nearing its first commercial-scale demonstration plant.
How much did they raise?
Lydian raised $43.7M in this financing round, making it the second-largest deal in this period after Climeworks.
What round is it?
The financing type was not publicly specified; investors declined to comment on deal structure.
Why did they raise?
Lydian raised to fund the step from pilot to commercial demonstration scale for its CO2-based SAF production process.
Avnos raised $17.0M in project financing in November 2025 to build a commercial-scale demonstration direct air capture plant.
When was it?
The deal was announced on November 6, 2025.
Who are they?
Avnos is a U.S. company developing a "moisture swing" direct air capture technology that captures both CO2 and water with lower energy inputs compared to conventional DAC systems.
Geographical focus?
Avnos is focused on the United States for its commercial demonstration plant (Project Cedar), with the site not publicly disclosed.
Why do we include them in the CCUS market?
Avnos belongs to the CCUS market under the direct air capture and conditioning category, providing a CO2 stream for either permanent geological sequestration or durable utilization.
What is the company stage?
Avnos is at the commercial demonstration stage, targeting completion of its first commercial demo plant by end of 2026.
How much did they raise?
Avnos raised $17.0M in project financing for Project Cedar.
What round is it?
This was a project finance deal, not a traditional equity round.
Why did they raise?
Avnos raised to build its commercial demonstration DAC plant and progress toward larger-scale plants with meaningfully lower cost-per-ton of CO2 removed.
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Vycarb raised $5.0M in a seed round in October 2025 to commercialize its water-based CO2 capture and bicarbonate storage technology.
When was it?
The deal was announced on October 6, 2025.
Who are they?
Vycarb is a startup that converts CO2 into stable bicarbonate for measurable on-site storage, combining the capture and storage process with integrated sensing and MRV capabilities.
Geographical focus?
Vycarb is not focused on a specific region and is positioned for broad, distributed deployment across multiple geographies.
Why do we include them in the CCUS market?
Vycarb belongs to the CCUS market under the capture, conditioning, storage, and MRV category, offering a distributed alternative to compressed CO2 transport and geological injection.
What is the company stage?
Vycarb is at an early scale-up stage, using the seed round to commercialize its technology and expand deployment.
How much did they raise?
Vycarb raised $5.0M in this seed round.
What round is it?
This was a seed round.
Why did they raise?
Vycarb raised to commercialize and scale a lower-cost, distributed CO2 capture and storage approach that avoids the heavy capital requirements of compression and pipeline transport.
Brineworks raised approximately $7.4M in a seed round in September 2025 to scale its electrolyzer-based direct air capture system for e-fuels applications.
When was it?
The deal was announced on September 19, 2025.
Who are they?
Brineworks is a Dutch deeptech company developing an electrolyzer-based direct air capture system that co-produces CO2 and hydrogen as feedstocks for e-fuels, targeting sub-$100/ton capture costs.
Geographical focus?
Brineworks is headquartered in the Netherlands but is positioning its technology for global deployment, with no geographic constraint on siting.
Why do we include them in the CCUS market?
Brineworks belongs to the CCUS market under the direct air capture and utilization category, supplying CO2 to e-fuels developers and hard-to-electrify supply chains.
What is the company stage?
Brineworks is at a seed-stage commercialization push, using this round to accelerate toward commercial readiness for its DAC and hydrogen co-production system.
How much did they raise?
Brineworks raised approximately $7.4M (EUR 6.8M) in its seed round, alongside a separately reported grant.
What round is it?
This was a seed round.
Why did they raise?
Brineworks raised to accelerate commercialization and scale its DAC and hydrogen production system for hard-to-electrify fuel supply chains.
In our CCUS market deck, we will give you useful market maps and grids
RenewCO2 raised $4.0M in a seed round in August 2025 to advance its electro-catalytic CO2-to-chemicals technology toward commercialization.
When was it?
The deal was announced on August 1, 2025.
Who are they?
RenewCO2 is a New Jersey-based U.S. company using electro-catalytic carbon utilization technology (eCUT) to convert CO2 and water into sustainable chemicals and fuels.
Geographical focus?
RenewCO2 is U.S.-focused, based in New Jersey, and targeting industrial chemical producers and other offtakers domestically.
Why do we include them in the CCUS market?
RenewCO2 belongs to the CCUS market under the CO2 utilization category, converting captured CO2 into chemicals and fuels for industrial buyers.
What is the company stage?
RenewCO2 is at a commercialization-focused seed stage, explicitly using this round to advance product and deployment readiness.
How much did they raise?
RenewCO2 raised $4.0M in this seed round.
What round is it?
This was a seed round.
Why did they raise?
RenewCO2 raised to push its eCUT technology toward market by funding commercialization work, including product development and deployment readiness activities.
Climeworks raised $162.0M in an equity round in July 2025 to scale its direct air capture technology and expand its carbon removals platform.
When was it?
The deal was announced on July 2, 2025.
Who are they?
Climeworks is a Swiss company that builds and operates commercial direct air capture plants and sells high-quality carbon removals to corporate buyers, with plants currently operating in Iceland.
Geographical focus?
Climeworks is a global company with operations in Iceland and a growing international carbon removals customer base.
Why do we include them in the CCUS market?
Climeworks is a flagship company in the CCUS market under the direct air capture and geological storage category, providing permanent carbon removal as a service to corporate buyers.
What is the company stage?
Climeworks is at a growth and multi-plant scaling stage, focused on reducing cost per ton and expanding its removals supply capacity.
How much did they raise?
Climeworks raised $162.0M in this equity round, by far the largest single raise in this period.
What round is it?
This was an equity round led by BigPoint Holding and Partners Group.
Why did they raise?
Climeworks raised to further develop its DAC technology to lower cost per ton and expand its removals platform and overall supply capacity.
In our CCUS market deck, we answer all the common questions from investors and entrepreneurs
RepAir raised $15.0M in a Series A in April 2025 to scale its electro-mechanical carbon capture modules toward commercial manufacturing.
When was it?
The deal was announced on April 24, 2025.
Who are they?
RepAir is an Israeli company developing modular electro-mechanical carbon capture technology for diluted CO2 streams -- such as gas turbines and industrial smelters -- as well as for direct air capture applications.
Geographical focus?
RepAir is Israel-based but targeting global industrial partners, with no single regional concentration in its go-to-market strategy.
Why do we include them in the CCUS market?
RepAir belongs to the CCUS market under the capture and conditioning category, serving industrial emitters with low-concentration exhaust streams as its primary customer segment.
What is the company stage?
RepAir is at a pre-commercial to manufacturing ramp stage, using this funding to build commercial-scale manufacturing capacity and run strategic demos.
How much did they raise?
RepAir raised $15.0M in equity (Series A), plus a separate $3.0M non-dilutive grant from the Israel Innovation Authority.
What round is it?
This was a Series A round.
Why did they raise?
RepAir raised to accelerate manufacturing readiness and run demonstrations with key industrial partners to validate the technology at commercial scale.
ARK Capture Solutions raised approximately $2.4M in a pre-seed round in March 2025 to scale its all-electric CO2 capture equipment for low-concentration flue gas.
When was it?
The deal was announced on March 25, 2025.
Who are they?
ARK Capture Solutions is a Belgian startup developing all-electric capture equipment optimized for low-concentration flue gas streams (4-15% CO2), producing high-purity CO2 for downstream utilization or storage.
Geographical focus?
ARK Capture Solutions is based in Belgium and focused on European industrial partners, particularly in the heavy industry sector.
Why do we include them in the CCUS market?
ARK Capture Solutions belongs to the CCUS market under the point-source capture and conditioning category, providing the front-end capture equipment for downstream transport, storage, or utilization infrastructure.
What is the company stage?
ARK Capture Solutions has an operational prototype and is using this round to scale toward larger pilots and demonstration units with industrial partners.
How much did they raise?
ARK Capture Solutions raised approximately $2.4M (EUR 2.2M) in this pre-seed round.
What round is it?
This was a pre-seed round.
Why did they raise?
ARK Capture Solutions raised to refine its technology and scale from prototype to pilot and demonstration units with key industrial partners in Europe.
In our CCUS market deck, we have designed useful charts to give you full market clarity
CarbonQuest closed a $20.0M funding round in February 2025 to scale its distributed building-level carbon capture and reuse service across North America.
When was it?
The deal was announced on February 26, 2025.
Who are they?
CarbonQuest is a U.S. company offering distributed, point-source carbon capture as a service for buildings, onsite power systems, and industrial facilities, capturing CO2 before it is released and enabling local reuse or transport.
Geographical focus?
CarbonQuest is focused on North America, with multiple commercial deployments already underway and plans to expand into utilities, manufacturing, and data centers.
Why do we include them in the CCUS market?
CarbonQuest belongs to the CCUS market under the distributed point-source capture, conditioning, and local transport or utilization category, serving building operators and industrial facilities as its primary customers.
What is the company stage?
CarbonQuest is at a product-market fit to growth stage, with multiple commercial deployments live and this round funding further market expansion.
How much did they raise?
CarbonQuest raised $20.0M in this funding round.
What round is it?
This was a funding round led by Riverbend Energy Group, with the specific series designation not publicly disclosed.
Why did they raise?
CarbonQuest raised to scale deployments, improve cost-per-ton economics, hire additional talent, and expand into new customer segments including utilities, manufacturing, and data centers.
Related blog posts
- What is the latest update in the CCUS market?
- What are the latest news in the CCUS market?
- What is the real market size of the CCUS market?
- Evolution of the funding activity in the CCUS market
