CREW Carbon Raises $25 Million in Series A Funding

Why this is here: CREW Carbon received $6 million in non-dilutive funding alongside the $19 million equity investment, offering financial flexibility as it scales.

CREW Carbon in the United States secured $25 million in Series A funding to expand its wastewater treatment technology. Burnt Island Ventures led the round, with participation from AP Ventures and Sony Innovation Fund among others. The company intends to forge new partnerships with wastewater treatment plants.

CREW Carbon’s technology adds minerals like limestone to wastewater. This process converts carbon dioxide into stable bicarbonate ions, effectively removing it. The solution also improves how solids settle and reduces the need for expensive chemicals, boosting plant efficiency.

Several major companies, including JP Morgan and Google, have purchased carbon removal credits generated by CREW’s system. While the technology shows promise in reducing carbon emissions and improving plant performance, wider adoption still depends on establishing more long-term agreements with utilities. CREW plans to grow its team and seek additional utility partnerships.