附近上门

, a direct air capture company that uses modified limestone to pull CO鈧� from the atmosphere, announced Wednesday that it has raised .

The fundraise boosted total investment to date for the 4-year-old, Brisbane, California-based company to more than $200 million. Lead investors in the latest round include and .

Heirloom鈥檚 financing comes amid a boom period for investment around carbon capture, storage and transformation, which is increasingly seen as a vital part of efforts to move us closer to net zero. Per 附近上门 data, funding to the space is on track to hit the highest or second-highest annual tally since we began tracking the category.

For its part, Heirloom is looking to stand out in the direct air capture, or DAC, space for its cost-competiveness and scalability.

鈥淲e believe DAC is all about cost, cost, and cost 鈥� and that it will only scale to make a meaningful difference on climate change if it is affordable,鈥� Heirloom CEO said in a statement accompanying the funding .

He added that in his view, Heirloom has 鈥渁 clear trajectory to the lowest-cost DAC solution.鈥�

Currently, Heirloom is working on several projects. It鈥檚 a participant in , a Louisiana DAC hub that aims to bring a million tons of annual CO鈧� removal capacity. Last year, the company also began operating a commercial DAC facility in Tracy, California, after signing a carbon removal deal with

It鈥檚 one of several startups in the space scaling up, and attracting capital to do so.

In the first three quarters of this year, startups with business models tied to carbon capture, storage and transformation closed on close to $1.2 billion in equity and debt financing, per 附近上门 data. Some of the largest funding recipients included the following.

Both strategic and climate-focused investors are backing these efforts. Heirloom, for instance, also brought several strategic investors into its latest round, including , , and .

Related 附近上门 Pro list:

Related reading:

• Carbon Capture, Storage And Transformation Is Still A Popular Funding Theme

Illustration: