WILMINGTON, Del., Nov. 29, 2022 — Carbon Reform, the startup building technology to reduce CO2, improve air quality, and save energy from buildings, announced the closing of a $3 million seed investment. The round was led by Azolla Ventures, a climate tech VC fund created by Prime Coalition, that invests in early-stage technology companies with the potential for gigaton-scale climate impact. Other participants in the round include Virya LLC, Revolution’s Rise of the Rest Seed Fund, Plug and Play Ventures, Gaingels, and Preston Schell.
Traditional commercial building HVAC systems require an enormous amount of energy, much of which is spent heating, cooling, or otherwise conditioning outside air. Any additional air purification done inside the building often adds additional energy usage, hurting both the building’s carbon footprint and the owner or occupants’ pockets. In an age where decarbonization and healthy indoor air are of equal importance, building owners face a dilemma. This is where Carbon Reform’s Carbon Capsule® system comes in.
“Azolla Ventures is proud to lead Carbon Reform’s seed round and support the company’s efforts to tackle greenhouse gas emissions from buildings,” said Amy Duffuor, General Partner at Azolla Ventures and member of Carbon Reform’s Board of Directors. “Carbon Reform’s modular carbon capture system is a gamechanger. It retrofits into existing HVAC infrastructure to scrub CO2from air, allowing carbon capture and sequestration in one device, alongside energy savings and indoor air quality improvement. We’re looking forward to supporting the Carbon Reform team during their next stage of growth.”