Twelve valuation, funding and investors
Twelve works in carbon transformation technology development, based in Berkeley, United States. Founded in 2015, it has about 260 employees.
Chemicals Series C
VALUATION · TODAY
$615M −27% after Series C
Range $324M – $1.19B · Grade CTODAY
+12 MO
$2.00B
$4.00B
$6.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $57.0M
Series B $130M
Growth $400M
Series C $85.0M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY260 employees
−2%6m growth
−17%1y growth
−28%2y growth
250
500
Data from Apr 2022
Predicted in 1 yr $451M −27% vs today
Predicted next raise $102M if a round comes
Winding-down probability 97%
- Last round
- Series C · $85.0M · Mar 2025
- Valuation at last round
- $773M · implied
- Headcount
- 260 · down
- Grade
- C
- Founded
- 2015
Twelve valuation today
VCMC values Twelve at $615M today, with a range of $324M to $1.2B and a grade of C. The valuation starts from its last funding round, a Series C round in Mar 2025.
Valuation by date (147 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2015 | $5.59M | $2.04M – $15.4M | $5.86M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2015 | $5.62M | $2.04M – $15.4M | $5.88M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2015 | $5.64M | $2.05M – $15.5M | $5.91M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2015 | $5.66M | $2.06M – $15.5M | $5.93M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2015 | $5.68M | $2.07M – $15.6M | $5.95M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2015 | $5.70M | $2.08M – $15.7M | $5.98M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2015 | $5.72M | $2.08M – $15.7M | $6.00M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2015 | $5.75M | $2.09M – $15.8M | $6.15M (+7%) | before first round | – | unknown | D | 0% |
| 1 Sep 2015 | $5.77M | $2.10M – $15.8M | $6.32M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2015 | $5.79M | $2.11M – $15.9M | $6.49M (+12%) | before first round | – | unknown | D | 0% |
| 1 Nov 2015 | $5.82M | $2.12M – $16.0M | $6.66M (+15%) | before first round | – | unknown | D | 0% |
| 1 Dec 2015 | $5.84M | $2.13M – $16.0M | $6.84M (+17%) | before first round | – | unknown | D | 0% |
| 1 Jan 2016 | $5.86M | $2.13M – $16.1M | $7.03M (+20%) | before first round | – | unknown | D | 0% |
| 1 Feb 2016 | $5.88M | $2.14M – $16.2M | $7.22M (+23%) | before first round | – | unknown | D | 0% |
| 1 Mar 2016 | $5.91M | $2.15M – $16.2M | $7.40M (+25%) | before first round | – | unknown | D | 0% |
| 1 Apr 2016 | $5.93M | $2.16M – $16.3M | $7.60M (+28%) | before first round | – | unknown | D | 0% |
| 1 May 2016 | $5.95M | $2.17M – $16.4M | $7.80M (+31%) | before first round | – | unknown | D | 0% |
| 1 Jun 2016 | $5.98M | $2.18M – $16.4M | $8.01M (+34%) | before first round | – | unknown | D | 0% |
| 1 Jul 2016 | $6.00M | $2.18M – $16.5M | $8.22M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2016 | $6.16M | $2.24M – $16.9M | $8.44M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2016 | $6.33M | $2.30M – $17.4M | $8.67M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2016 | $6.49M | $2.36M – $17.8M | $8.90M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2016 | $6.67M | $2.43M – $18.3M | $9.14M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2016 | $6.84M | $2.49M – $18.8M | $9.38M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2017 | $7.03M | $2.56M – $19.3M | $9.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $7.22M | $2.63M – $19.8M | $9.89M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.59M | $2.76M – $20.9M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $8.00M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $8.21M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.67M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.89M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $9.37M | $3.41M – $25.8M | $12.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $18.2M | $6.62M – $49.9M | $20.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $18.3M | $6.68M – $50.4M | $20.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $18.5M | $6.73M – $50.8M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $18.7M | $6.79M – $51.3M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $18.8M | $6.85M – $51.7M | $20.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $19.0M | $6.92M – $52.2M | $21.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $19.2M | $6.98M – $52.7M | $21.1M (+10%) | before first round | – | unknown | D | 0% |
| 9 Jul 2021 | $317M | $208M – $868M | $570M (+80%) | after a round | – | unknown | C | 0% |
| 1 Aug 2021 | $329M | $208M – $868M | $570M (+73%) | after a round | – | unknown | C | 0% |
| 1 Sep 2021 | $346M | $208M – $868M | $570M (+65%) | after a round | – | unknown | C | 0% |
| 1 Oct 2021 | $363M | $208M – $868M | $570M (+57%) | after a round | – | unknown | C | 0% |
| 1 Nov 2021 | $382M | $208M – $868M | $570M (+49%) | after a round | – | unknown | C | 0% |
| 1 Dec 2021 | $401M | $208M – $868M | $570M (+42%) | after a round | – | unknown | C | 0% |
| 1 Jan 2022 | $421M | $208M – $868M | $570M (+35%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $443M | $208M – $868M | $570M (+29%) | after a round | – | unknown | C | 0% |
| 1 Mar 2022 | $463M | $208M – $868M | $570M (+23%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $487M | $208M – $868M | $570M (+17%) | after a round | 110 | unknown | C | 0% |
| 1 May 2022 | $511M | $208M – $868M | $570M (+12%) | after a round | 110 | unknown | C | 0% |
| 1 Jun 2022 | $537M | $208M – $868M | $570M (+6%) | after a round | 110 | unknown | C | 0% |
| 1 Jul 2022 | $788M | $555M – $1.7B | $1.2B (+50%) | after a round | 110 | unknown | B | 0% |
| 2 Jul 2022 | $789M | $555M – $1.7B | $1.2B (+50%) | after a round | 110 | unknown | B | 0% |
| 1 Aug 2022 | $815M | $555M – $1.7B | $1.2B (+45%) | after a round | 110 | unknown | B | 0% |
| 1 Sep 2022 | $844M | $555M – $1.7B | $1.2B (+40%) | after a round | 110 | unknown | B | 0% |
| 1 Oct 2022 | $873M | $555M – $1.7B | $1.2B (+35%) | after a round | 110 | unknown | B | 0% |
| 1 Nov 2022 | $903M | $555M – $1.7B | $1.2B (+31%) | after a round | 110 | unknown | B | 0% |
| 1 Dec 2022 | $934M | $555M – $1.7B | $1.2B (+27%) | after a round | 110 | unknown | B | 0% |
| 1 Jan 2023 | $966M | $555M – $1.7B | $1.2B (+22%) | after a round | 110 | unknown | B | 0% |
| 1 Feb 2023 | $1.1B | $653M – $2.0B | $1.4B (+26%) | after a round | 230 | growing | B | 0% |
| 1 Mar 2023 | $1.1B | $653M – $2.0B | $1.4B (+21%) | after a round | 230 | growing | B | 0% |
| 1 Apr 2023 | $1.2B | $653M – $2.0B | $1.4B (+15%) | after a round | 230 | growing | B | 0% |
| 1 May 2023 | $1.3B | $653M – $2.0B | $1.4B (+10%) | after a round | 230 | growing | B | 0% |
| 1 Jun 2023 | $1.3B | $653M – $2.0B | $1.4B (+5%) | after a round | 230 | growing | B | 0% |
| 1 Jul 2023 | $1.4B | $653M – $2.0B | $1.4B (0%) | after a round | 230 | growing | B | 0% |
| 1 Aug 2023 | $1.4B | $661M – $2.0B | $1.4B (0%) | after a round | 230 | growing | B | 0% |
| 1 Sep 2023 | $1.4B | $669M – $2.0B | $1.4B (0%) | after a round | 230 | growing | B | 0% |
| 1 Oct 2023 | $1.4B | $573M – $2.0B | $1.4B (0%) | after a round | 230 | unknown | C | 0% |
| 1 Nov 2023 | $1.4B | $548M – $2.0B | $1.4B (0%) | after a round | 230 | unknown | C | 0% |
| 1 Dec 2023 | $1.4B | $525M – $2.0B | $1.4B (0%) | after a round | 230 | unknown | C | 0% |
| 1 Jan 2024 | $1.4B | $503M – $2.0B | $1.4B (0%) | after a round | 230 | unknown | C | 0% |
| 1 Feb 2024 | $1.4B | $481M – $2.0B | $1.4B (0%) | after a round | 230 | unknown | C | 0% |
| 1 Mar 2024 | $1.5B | $788M – $2.2B | $1.5B (0%) | after a round | 350 | growing | B | 0% |
| 1 Apr 2024 | $1.5B | $797M – $2.2B | $1.5B (0%) | after a round | 350 | growing | B | 0% |
| 1 May 2024 | $1.5B | $807M – $2.2B | $1.5B (0%) | after a round | 350 | growing | B | 0% |
| 1 Jun 2024 | $1.5B | $816M – $2.2B | $1.5B (0%) | after a round | 350 | growing | B | 0% |
| 1 Jul 2024 | $1.5B | $755M – $2.2B | $1.5B (0%) | after a round | 350 | growing | B | 0% |
| 1 Aug 2024 | $1.5B | $373M – $2.2B | $1.5B (-1%) | after a round | 350 | flat | C | 0% |
| 1 Sep 2024 | $1.5B | $357M – $2.2B | $1.5B (-2%) | after a round | 360 | flat | C | 0% |
| 20 Sep 2024 | $3.8B | $2.7B – $6.0B | $4.2B (+10%) | after a round | 360 | flat | B | 0% |
| 1 Oct 2024 | $3.8B | $2.7B – $6.0B | $4.2B (+10%) | after a round | 360 | flat | B | 0% |
| 1 Nov 2024 | $3.9B | $2.7B – $6.0B | $4.2B (+9%) | after a round | 360 | flat | B | 0% |
| 1 Dec 2024 | $3.9B | $2.7B – $6.0B | $4.2B (+8%) | after a round | 370 | flat | B | 0% |
| 1 Jan 2025 | $3.9B | $2.7B – $6.0B | $4.2B (+8%) | after a round | 370 | flat | B | 0% |
| 1 Feb 2025 | $4.0B | $2.7B – $6.0B | $4.2B (+7%) | after a round | 370 | flat | B | 0% |
| 1 Mar 2025 | $4.0B | $2.7B – $6.0B | $4.2B (+6%) | after a round | 370 | flat | B | 0% |
| 12 Mar 2025 | $773M | $508M – $1.5B | $1.0B (+30%) | after a round | 370 | flat | B | 0% |
| 1 Apr 2025 | $784M | $508M – $1.5B | $1.0B (+28%) | after a round | 370 | flat | B | 0% |
| 1 May 2025 | $802M | $508M – $1.5B | $1.0B (+25%) | after a round | 370 | flat | B | 0% |
| 1 Jun 2025 | $820M | $508M – $1.5B | $1.0B (+23%) | after a round | 370 | flat | B | 0% |
| 1 Jul 2025 | $837M | $508M – $1.5B | $1.0B (+20%) | after a round | 370 | flat | B | 0% |
| 1 Aug 2025 | $856M | $508M – $1.5B | $1.0B (+17%) | after a round | 370 | flat | B | 0% |
| 1 Sep 2025 | $789M | $489M – $1.3B | $767M (-3%) | after a round | 313 | down | B | 60% |
| 1 Oct 2025 | $770M | $489M – $1.2B | $700M (-9%) | after a round | 313 | down | B | 79% |
| 1 Nov 2025 | $770M | $491M – $1.2B | $679M (-12%) | after a round | 317 | down | B | 83% |
| 1 Dec 2025 | $743M | $485M – $1.1B | $619M (-17%) | after a round | 301 | down | B | 97% |
| 1 Jan 2026 | $743M | $485M – $1.1B | $605M (-19%) | after a round | 301 | down | B | 97% |
| 1 Feb 2026 | $744M | $485M – $1.1B | $592M (-20%) | after a round | 301 | down | B | 97% |
| 1 Mar 2026 | $744M | $485M – $1.1B | $581M (-22%) | after a round | 301 | down | B | 97% |
| 1 Apr 2026 | $706M | $456M – $1.1B | $453M (-36%) | after a round | 264 | shrinking | B | 97% |
| 1 May 2026 | $682M | $434M – $1.1B | $437M (-36%) | after a round | 264 | shrinking | B | 97% |
| 1 Jun 2026 | $682M | $412M – $1.1B | $507M (-26%) | after a round | 263 | down | B | 97% |
| 1 Jul 2026 | $668M | $392M – $1.1B | $495M (-26%) | after a round | 263 | down | B | 97% |
| 1 Aug 2026 | $654M | $373M – $1.2B | $483M (-26%) | after a round | 263 | down | B | 97% |
| 1 Sep 2026 | $640M | $354M – $1.2B | $471M (-26%) | after a round | 263 | down | B | 97% |
| 1 Oct 2026 | $625M | $336M – $1.2B | $459M (-27%) | after a round | 260 | down | C | 97% |
| 24 Oct 2026 | $615M | $324M – $1.2B | $451M (-27%) | after a round | 260 | down | C | 97% |
Key facts about Twelve
- Founded
- 2015
- Headquarters
- Berkeley, United States
- Employees
- about 260 -17% in a year
- Total raised
- $717M
- Funding rounds
- 5
- Last round
- Series C Mar 2025
Twelve was founded in 2015 by Etosha Cave, Kendra Kuhl and Nicholas Flanders.
Twelve funding history
Twelve has 5 funding rounds on record, from Jul 2021 to Mar 2025, $717M in total. None disclosed a valuation.
Series C 11 Mar 2025
With SMBC, TPG, Pulse Fund, Amazon (The Climate Pledge Fund), Mitsui Global Investment, Development Bank of Japan, Advantage Partners, Greycroft, 2551 Capital, Toppan Global Venture Partners, MOL Switch, CSC Leasing, Global Brain, DCVC, Fundamental.
Sources: twelve.co, carbonherald.com, esgtoday.com and 2 more
$85M
$400M
Debt 19 Sep 2024no round page
With Fundamental, Sumitomo Mitsui Banking Corporation.
Sources: twelve.co, prnewswire.com, gunder.com
$45M
Series B 1 Jul 2022
Led by DCVC; with Capricorn Technology Impact Fund, Carbon Direct Capital, Breakout Ventures, Munich Re Ventures, Elementum Ventures, Microsoft Climate Innovation Fund.
Sources: peopleofcolorintech.com, chanzuckerberg.com, rtf.vc and 2 more
$130M
Series A 8 Jul 2021
Led by Capricorn Technology Impact Fund, Carbon Direct Capital; with DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations.
Sources: finsmes.com, businesswire.com
$57M
Twelve investors
23 investors have backed Twelve; DCVC, Capricorn Technology Impact Fund and Carbon Direct Capital and 1 more led at least one round.
- DCVC lead, 3 rounds
- Capricorn Technology Impact Fund lead, 2 rounds
- TPG lead, 2 rounds
- Breakout Ventures 2 rounds
- Microsoft Climate Innovation Fund 2 rounds
- Munich Re Ventures 2 rounds
- 2551 Capital
- Amazon (The Climate Pledge Fund)
- CSC Leasing
- Development Bank of Japan
- Greycroft
- MOL Switch
- SMBC
- Sumitomo Mitsui Banking Corporation
What Twelve does
Twelve works in chemicals, with 16 recorded offerings and customers in aviation, fashion, electronics and beauty.
Twelve Benefit Corporation is an American company engaged in carbon transformation technology, engaged in the conversion of CO2 into chemicals, fuels, and materials. The company develops and manufactures eFuels and sustainable aviation fuels, and produces plastics and transportation fuels using metal catalysts. Twelve serves industries such as aviation, fashion, electronics, and beauty, and collaborates with major brands and organizations on sustainability initiatives.
Description from Veridion's company data.
Products and services
- Carbon Transformation Technology Development
- CO2-to-Fuel Chemical Conversion
- Synthetic Gas Manufacturing
- Ethylene and Methane Production
- Sustainable Aviation Fuel Manufacturing
- E-Jet SAF Production
- CO2-Based Chemical Manufacturing
- CO2 Material Production
- Industrial Catalyst Development
- Renewable Energy Chemical Conversion
- Sustainable Material Manufacturing
- Industry-Specific Emissions Reduction Solutions
- Aviation Industry Emissions Reduction Solutions
- Fashion Industry Emissions Reduction Solutions
- Electronics Industry Emissions Reduction Solutions
- Beauty Industry Emissions Reduction Solutions
Markets
- Aviation
- Fashion
- Electronics
- Beauty
Technology
- Industrial Photosynthesis Mimicry for CO2 Conversion
- Metal Catalysts for CO2 Conversion
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 325199 All Other Basic Organic Chemical Manufacturing 100% match
Questions about Twelve
What is Twelve worth?
Valuation $615M (range $324M to $1.2B), as of 24 Oct 2026.
Has Twelve raised money?
Twelve has 5 funding rounds on record, from Jul 2021 to Mar 2025, $717M in total. None disclosed a valuation.
Who has invested in Twelve?
DCVC, Capricorn Technology Impact Fund, Carbon Direct Capital, TPG, Fundamental and Breakout Ventures, and 17 more. Lead investors include DCVC, Capricorn Technology Impact Fund, Carbon Direct Capital and TPG.
How many people work at Twelve?
About 260, down 17% over the last year. Headcount rose from 110 in Mar 2022 to 370 in Nov 2024, then fell to 260 in Sep 2026.
What does Twelve do?
Twelve works in chemicals, with 16 recorded offerings and customers in aviation, fashion, electronics and beauty. Its main offerings are carbon transformation technology development, CO2-to-Fuel chemical conversion and synthetic gas manufacturing.
When was Twelve founded, and where is it based?
Twelve was founded in 2015 and is based in Berkeley, United States. It has about 260 employees, down 17% over the last year.