Greenlyte Carbon Technologies lands $11.42M pre-series A round

In Germany, Greenlyte Carbon Technologies, a leading European Direct Air Capture start-up, has announced the closing of a €10.5m pre-series A round. In addition to the large participation of all investors, namely Earlybird Venture Capital, Green Generation Fund, Carbon Removal Partners, and Board member Dr. Udo Jung, Partech joined the investor group.

The round follows strong commercial traction in the form of partnerships and high-value offtake agreements, and Greenlyte winning two grants from the European Fund for Regional Developments. The company has now raised over €20m since its inception 18 months ago, equity and grants combined.

Founded at the end of 2022, Greenlyte specializes in a direct air capturing (DAC) system that efficiently removes CO2 from the atmosphere using a liquid-sorbent solution with minimal energy and producing hydrogen as a byproduct. This innovative process can be fully integrated with renewable energies and doesn’t rely on high heat or pressure. The generated CO2 and hydrogen can then be used as feedstock for chemicals, construction materials, and alternative fuels, or to create negative emissions.