Osmoses lands $11M seed round to decarbonize and purify gases

In Massachusetts, Osmoses, an industrial separations technology company that purifies gases, the world’s smallest molecules, today announced it has raised an oversubscribed $11 million seed round led by Energy Capital Ventures. Additional participating investors include Engine Ventures, Fine Structure Ventures, New Climate Ventures, Collaborative Fund, Little Green Bamboo, BlindSpot Ventures and several prominent angel investors, including Martin Madaus, the former CEO of Millipore Corporation. Osmoses will use the funding to develop commercial scale membrane modules for field deployment and establish pilot partnerships.

In addition to decarbonizing production and distribution of low-carbon molecules, Osmoses has demonstrated potential to decarbonize numerous applications within the gas separation industry, including oxygen generation, helium harvesting, refrigerant reuse, and carbon capture. Osmoses’ polymer material platform aims to supercharge a $15 billion gas separations industry – already expected to grow to $35 billion by 2030.

In addition to its venture capital funding, Osmoses recently received a $1.5 million grant from the U.S. Department of Energy (DOE), as well as additional grant support from ARPA-E and NSF, among other organizations. The seed investment also comes at a time when many federal and state financial incentives for energy transition projects are coming to bear. The primary metric the Inflation Reduction Act (IRA) uses to assess the impact of producing and distributing gas molecules like hydrogen is the carbon intensity, which membranes are uniquely positioned to reduce.

In the coming months, Osmoses will double its full-time employee headcount, increase its pilot programs with chemical and petrochemical companies, utilities, and alternative energy companies, and develop partnerships with engineering and manufacturing firms.