Funding round
Twelve Series C
Twelve, which works in carbon transformation technology development in Berkeley, raised $85M in a Series C round announced on 11 Mar 2025. 15 firms took part. It is Twelve's fourth venture round on record; the one before was a Growth in Sep 2024.
$85M
Amount raised
Not disclosed
Post-money valuation
15
Investors
no lead named
Valuation
What this round says about the price
Twelve did not disclose a valuation in this round. It came 6 months after Twelve's Growth. It is 13% of the $672M Twelve has raised in the venture rounds on record. No later venture round is on record for Twelve.
Twelve's funding rounds
Twelve has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
15 firms took part; no lead investor was named.
Investors
- SMBC new investor
- TPG backs 114 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Amazon (The Climate Pledge Fund) new investor
- backs 48 venture-backed companies new investor
- Development Bank of Japan new investor
- backs 2 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
- 2551 Capital new investor
- backs 6 venture-backed companies new investor
- MOL Switch new investor
- CSC Leasing new investor
- backs 116 venture-backed companies new investor
- DCVC backs 171 venture-backed companies new investor
- 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
7 Series C rounds in Chemicals within a year either side disclosed an amount; the median was $47M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 27 May 2025 | $40M | not disclosed | not named |
| Chemicals | 21 Nov 2024 | $47M | not disclosed | Uniper and HYCAP Group |
| Chemicals | 7 Nov 2024 | $6.0M | not disclosed | Pangaea Ventures and Cottonwood Technology Fund |
| Infinium Chemicals | 10 Sep 2024 | $1.10B | not disclosed | Brookfield |
| Chemicals | 25 Sep 2024 | $53M | not disclosed | OPG Pension Plan |
| Chemicals | 19 Jun 2024 | $28M | not disclosed | Woven Capital |
| Chemicals | 5 Apr 2024 | $152M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Twelve raise in its Series C round?
Twelve raised $85M in its Series C round, announced in Mar 2025.
Which investors took part in Twelve's Series C round?
SMBC, TPG, Pulse Fund, Amazon (The Climate Pledge Fund), Mitsui Global Investment and Development Bank of Japan and 9 more.
What was Twelve's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Chemicals?
7 Series C rounds in Chemicals within a year either side disclosed an amount; the median was $47M, and this round was 1.8 times the median.