Climeworks Raises USD 162 Million to Scale Up Carbon Removal Technology
July 3, 2025 — Climeworks, a global pioneer in Direct Air Capture (DAC) technology and a leading provider of comprehensive carbon removal solutions, has successfully raised USD 162 million in a new equity funding round. This investment marks the largest carbon removal financing round worldwide in 2025 to date and raises the company’s total funding since inception to over USD 1 billion.
The new capital injection underscores strong investor confidence in Climeworks’ advanced carbon capture technology and its commitment to scaling operations. Major investors in this round included BigPoint Holding and Partners Group, along with robust participation from existing stakeholders. The financing round was officially signed by Climeworks’ Co-CEOs Jan Wurzbacher and Christoph Gebald, along with CFO Andreas Aepli.
Advancing Cutting-Edge Direct Air Capture Technology
Climeworks aims to use the fresh capital to continue enhancing its best-in-class DAC technology to significantly reduce the cost of carbon removal. The company’s pioneering plant, Orca, has already validated the effectiveness of its approach to removing CO₂ from the atmosphere. Meanwhile, its second facility, Mammoth, is enabling further scale-up and large-scale testing of new carbon removal innovations.
Notably, Climeworks has achieved substantial advancements including doubling the energy efficiency of its systems, increasing throughput capacity, and substantially extending the lifespan of its filter materials. These improvements represent important steps toward realizing the world’s first profitable direct air capture plant.
Expanding a Diverse Carbon Removal Portfolio
In addition to technology development, the funding supports Climeworks’ efforts to broaden its carbon removal portfolio. The company offers tailored hybrid solutions that combine nature-based and engineered approaches, helping businesses diversify their carbon removal strategies, manage risk, and progressively increase quality of removals.
Climeworks currently holds over 6 million tons of secured carbon removal supply globally. Its flexible portfolio positions the company to meet both near-term demand for nature-based solutions and growing long-term demand for technological removals. Industry analysts predict the carbon removal market could grow to USD 80 billion by 2030, eventually reaching USD 1 trillion by 2050. Co-founder and co-CEO Christoph Gebald emphasized the company’s commitment to scaling DAC technology: “Direct Air Capture has gone from experiment to essential — and we’re focused on scaling it by driving down costs and pushing innovation. Our hybrid model builds long-term demand while generating cash flow today, helping us grow a market that investors now see as inevitable. Crossing the $1 billion equity mark isn’t just a milestone — it shows that carbon removal is real, needed, and here to stay.”
Strategic Partnerships Highlight Growing Industry Momentum
Climeworks recently announced a strategic partnership with SAP to integrate carbon dioxide removal solutions into SAP’s net-zero strategy and to co-develop comprehensive carbon management tools for businesses.
Additionally, NYK has become the company’s first client from Japan to purchase a carbon removal portfolio, and notable industry players such as TikTok and Two Drifters Distillery have partnered with Climeworks to remove over 6,000 tons of CO₂. These collaborations demonstrate increasing demand for carbon removal across various sectors worldwide.
As global urgency to address climate change intensifies, Climeworks stands at the forefront of advancing scalable, cost-effective carbon removal technologies essential for achieving long-term carbon neutrality. The latest USD 162 million funding round not only highlights investor confidence but also accelerates the company’s mission to revolutionize carbon capture on a global scale.
