Funding round
Climeworks Growth
Reported as "Growth Equity"
Climeworks, which works in carbon removal solutions in Opfikon, raised $650M in a Growth round announced on 6 Apr 2022, led by Partners Group and GIC. 9 firms took part, 1 of them already investors, with 1 individual investor. It is Climeworks' second venture round on record; the one before was a Series B in Apr 2014.
$650M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Climeworks did not disclose a valuation in this round. It came 96 months after Climeworks' Series B. It is 80% of the $815M Climeworks has raised in the venture rounds on record. Climeworks raised again 39 months later: a Growth round of $162M in Jul 2025, at $1.10B post-money.
Investors
Who put money in
Partners Group and GIC led the round with 7 other firms. BigPoint Holding AG had backed Climeworks before.
Lead investors
- backs 22 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- backs 9 venture-backed companies new investor
- backs 295 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- M&G new investor
- Swiss Re new investor
- BigPoint Holding AG existing investor
Individual investors: John Doerr.
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Environmental Engineering Services, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Environmental Engineering Services | 5 Apr 2022 | $50M | not disclosed | Warburg Pincus and Heritage Group |
| Environmental Engineering Services | 1 Sep 2022 | $55M | not disclosed | Madison Valley Partners and Carica Sustainable Investments |
| Video Games - Development & Publishing | 11 Apr 2022 | $2.00B | $31.50B | BITKRAFT Ventures |
| SHEIN Clothing Stores | 3 Apr 2022 | $1.00B | $100.00B | not named |
| Coda Payment Processing & Point of Sale | 18 Apr 2022 | $690M | $2.50B | Insight Partners |
| Mainstream Renewable Power Wind Energy Equipment & Services | 1 Apr 2022 | $637M | not disclosed | Mitsui & Co. Ltd |
| Sonar Tech Companies | 26 Apr 2022 | $412M | $4.70B | Advent International and General Catalyst |
| NEAR Tech Companies | 9 Apr 2022 | $350M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Climeworks raise in its Growth round?
Climeworks raised $650M in its Growth round, announced in Apr 2022.
Who led Climeworks' Growth round?
Partners Group and GIC led it, with Baillie Gifford, Carbon Removal Partners, Global Founders Capital, Kleiner Perkins and M&G and 2 more.
What was Climeworks' valuation at the Growth round?
It was not disclosed.
Did Climeworks raise again after this round?
Yes: a Growth round in Jul 2025 of $162M at $1.10B post-money.