Funding round
Climeworks Series B
Climeworks, which works in carbon removal solutions in Opfikon, raised $3.4M in a Series B round announced on 25 Apr 2014. 1 firm took part. It is Climeworks' first venture round on record.
$3.4M
Amount raised
3,000,000 CHF converted
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Climeworks did not disclose a valuation in this round. It is Climeworks' first venture round on record, 5 years after it was founded in 2009. It is under 1% of the $815M Climeworks has raised in the venture rounds on record. Climeworks raised again 96 months later: a Growth round of $650M in Apr 2022. Its next priced round, a Growth in Jul 2025, valued it at $1.10B.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Zürcher Kantonalbank new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Environmental Engineering Services, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Environmental Engineering Services | 6 Aug 2014 | $4.5M | not disclosed | dmg::information Asia Pacific |
| Cosmetics Stores | 21 Apr 2014 | $60M | $485M | Viking Global |
| Art Galleries | 3 Apr 2014 | $19M | not disclosed | Thrive Capital |
| Snack Foods | 14 Apr 2014 | $18M | not disclosed | Canaan |
| Tech Companies | 29 Apr 2014 | $15M | not disclosed | Moor Davidow Ventures |
| Tech Companies | 30 Apr 2014 | $15M | not disclosed | not named |
| Tech Companies | 22 Apr 2014 | $11M | not disclosed | Canaan |
| Payment Processing & Point of Sale | 15 Apr 2014 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Climeworks raise in its Series B round?
Climeworks raised $3.4M in its Series B round, announced in Apr 2014.
Which investors took part in Climeworks' Series B round?
Zürcher Kantonalbank.
What was Climeworks' valuation at the Series B round?
It was not disclosed.
Did Climeworks raise again after this round?
Yes: a Growth round in Apr 2022 of $650M.