Investment in carbon removal and storage is gaining traction as industries face mounting pressure to decarbonize. Since 2020, the share of Climate Tech funding for carbon removal, capture and storage has increased fivefold—from 0.7% to 3.5% in 2024. Yet, this remains far below the estimated $196 billion needed over the next decade to scale global carbon removal, capture, and storage infrastructure.
Venture capital firms, corporate investors, public agencies, and banks are backing technologies that pull CO₂ from the atmosphere, capture industrial emissions at the source, and convert carbon into valuable products. These investors are playing a key role in shaping the future of carbon removal—accelerating the path to net zero while unlocking new market opportunities.
Five Most Active VC Investors
These venture capital firms are funding companies developing groundbreaking carbon removal and storage solutions.
- Breakthrough Energy Ventures is an impact investment firm providing financial support for large-scale demonstration and commercial-stage Climate Tech projects. They have backed nearly 40 projects to assess the potential of technologies to achieve permanent carbon removal.
- Lowercarbon Capital is a dedicated investor in carbon removal startups, funding close to 30 early-stage companies with the capacity to deliver large-scale CO₂ removal solutions.
- Climate Capital is an early-stage Climate Tech investor supporting founders working in carbon mitigation to climate adaptation. They have invested in 23 projects focused on breakthrough technologies driving the low-carbon transition.
- AP Ventures is a London-based venture capital firm specializing in investments across the global hydrogen value chain, including carbon capture and utilization. They have funded 17 early-stage companies advancing industrial decarbonization.
- Katapult is a Nordic venture capital firm backing technology entrepreneurs who develop scalable low-carbon solutions. They have invested in 12 early-stage companies contributing to the shift toward a sustainable, lower-carbon future.
Five Most Active CVC Investors
These corporations are investing in carbon removal and utilization technologies to support the transition to a low-carbon economy.
- Chevron is a leading U.S.-based energy company is a major investor in CCUS, supporting over 20 projects across early to late-stage companies to scale carbon capture solutions.
- Shell is a British multinational oil and gas company is engaged in multiple CCUS initiatives globally. It has invested in 20 projects through grants, acquisitions, and funding early to late-stage companies.
- Amazon is an American technology giant is actively backing carbon removal innovations, with investments in eight projects spanning early to late-stage companies to accelerate the commercialization of carbon capture technologies.
- German-based Siemens is a technology company is committed to advancing carbon removal solutions. They have closed nearly 10 companies through debt financing, equity investments, and grants to drive industrial decarbonization.
- Mitsubishi Heavy Industries is focused on transforming CO₂ into a valuable resource. They have funded over five early to late-stage companies to improve the efficiency and scalability of carbon capture and recycling technologies.
Five Most Active Government Agencies
These government agencies are allocating resources to advance carbon removal technologies, demonstrating public sector commitment to combating climate change.
- U.S. Department of Energy actively supports the development of carbon capture, removal, transport, and sequestration technologies. They have invested in nearly 300 projects to advance a commercially viable carbon removal industry.
- European Commission facilitates investment in cutting-edge carbon removal technologies, including industrial carbon capture and soil sequestration solutions. They have funded 92 companies to accelerate innovation in the sector.
- UK Research and Innovation (UKRI) invests in research focused on CO₂ capture from hard-to-abate industries and secure long-term storage. They have awarded 80 grants to scale GHG removal initiatives.
- U.S. Department of Agriculture funds research to improve the measurement, reporting, and verification of GHG emissions and carbon sequestration. They have awarded nearly 40 grants to encourage soil carbon capture and storage solutions.
- UK Government is committed to achieving its net-zero goals, the UK Government actively supports the deployment of carbon capture, utilization, and storage (CCUS). They have invested in nearly 30 projects to drive the global transition to net-zero.
Five Most Active Banks
These banks are providing financial backing for projects focused on carbon mitigation technologies, integrating sustainability into their investment strategies.
- Zürcher Kantonalbank is a Swiss commercial bank with a dedicated net-zero strategy. It channels funds into CO₂ removal, renewable energy, mobility, and resource efficiency. They have invested in two early-stage projects focused on GHG capture and removal.
- De Nederlandsche Bank (DNB) is Norway’s largest bank is committed to financing projects that contribute to a carbon-neutral economy and has backed two initiatives targeting carbon emission reductions.
- Bank of Montreal recognizes decarbonization as a key climate strategy and has made significant investments in carbon removal infrastructure, funding one project in this category.
- Standard Chartered actively supports carbon capture and storage (CCS) innovation. The bank is helping hard-to-abate industries decarbonize and has invested in one such project.
- The Scottish National Investment Bank is a mission-driven development bank dedicated to reducing GHG emissions. They have invested in a late-stage company focused on advancing net-zero solutions.
Funds Drive Innovation in Carbon Removal and Storage
Carbon removal and storage solutions are no longer fringe technologies—they are emerging as essential tools in the fight against climate change. From direct air capture to point-source carbon capture and utilization, Climate Tech is enabling innovation across the carbon management value chain.
As the sector matures, investors need clear, real-time intelligence to navigate funding trends, assess new technologies, and identify areas of growth. Strategic capital deployment will help bring scalable, verifiable carbon removal solutions to market faster.
Want to stay ahead of investment trends in this sector? Request a demo with us today to explore high-impact investment opportunities in Climate Tech for Carbon Removal.
