Svante Technologies Inc. secures up to $100 million, including $50 million via convertible note from Canada's green technology fund, to commercialize carbon-capture technology.
Amount Raised
$100 Million
Round Type
Convertible Note
BurnabyOtherEnergyOil And GasGovernmentInvestors
Description
Canada’s Canada Growth Fund is investing as much as $100 million into Svante Technologies Inc. through a convertible note, with an initial $50 million committed. The funding will support the firm's efforts to commercialize its carbon-capture technology designed to filter and concentrate carbon dioxide from the air.
Quick answer
Svante raised $100 Million in a Convertible Note round, dated August 15, 2024. Investors: Chevron Corp and Canada Growth Fund. Svante is based in Burnaby, British Columbia, Canada.
- How much did Svante raise?
- Svante raised $100 Million in a Convertible Note round on August 15, 2024.
- Who invested in Svante?
- Chevron Corp and Canada Growth Fund are named as investors in this round.
- What does Svante do?
- Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a..
- Where is Svante based and how big is it?
- Svante is based in Burnaby, British Columbia, Canada.
- Who are the decision-makers at Svante?
- Fundz holds 1 contact at Svante, including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Svante that raised within 45 days of this round, from Fundz verified event records.
- Ayrton Energy raised $6.8M (Seed) on September 24, 2024.
- Hgen raised $5M (Seed) on September 17, 2024.
- Oxylus Energy raised $4.5M (Seed) on September 3, 2024.
- PuriFire Energy raised $3.6M (Seed) on August 30, 2024.
- Radio Fuels Energy Corp raised $1.1M on August 30, 2024.
- CBL International Ltd raised $1.4M (Seed) on August 22, 2024.
Who to call at Svante, and when
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- An alert the day Svante raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Svante, from your own LinkedIn network
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