Mantel, a pioneering force in carbon capture technology, is excited to announce that it has successfully raised $30 million in its latest funding round. This substantial investment marks a significant step forward in Mantel's mission to develop the world's first molten-salt based carbon capture system, utilizing innovative molten borates engineered to function at the extreme temperatures typical of industrial processes such as boilers, kilns, and furnaces. This groundbreaking approach enables a level of efficiency in carbon capture that has previously been unattainable, allowing industries to significantly reduce emissions and even achieve net-negative emissions. The funds raised will be instrumental in scaling up our technology, furthering research and development, and accelerating the deployment of our system across various industrial sectors. By enhancing carbon capture efficiency and aiming for a reduction in energy losses by more than 60%, Mantel's technology not only promises to cut operational costs in half but also plays a crucial role in the global pursuit of net-zero emissions. As nations strive to meet increasingly ambitious climate goals, Mantel stands at the forefront of a vital solution, transforming the way we approach carbon capture and paving the way for a more sustainable future. With this funding, we are poised to make significant strides in our technology and drive the adoption of effective carbon capture solutions, helping to safeguard our planet for generations to come.
Mantel Secures $30 Million in Series A Funding for Breakthrough Carbon Capture Technology
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Other recent Series a rounds
Companies that recently closed a Series a round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 | Centricity WealthTech India | Series a | $30.0M | today |
| 2 |  Kohort India | Series a | $5.2M | today |
| 3 |  Degron Therapeutics United States | Series a | $40.0M | today |
| 4 |  Exponent United States | Series a | $7.7M | today |
| 5 |  Nectar Social United States | Series a | $30.0M | today |