Swiss Re was among the participants in a round which pushed the carbon capture system developer's overall financing past the $800m mark.

Switzerland-headquartered carbon capture technology provider Climeworks revaled yesterday it has agreed to raise CHF600m ($646m) of equity funding from investors including reinsurance firm Swiss Re.

Partners Group and GIC are co-leading the round, which also features Baillie Gifford, Carbon Removal Partners, Global Founders Capital, M&G, BigPoint Holding and private investor John Doerr, while JP Morgan Securities was sole placement agent for the deal.

Climeworks has developed technology designed to pull carbon from the air and has 15 such systems in…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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