Munich Re and Microsoft helped CO2-to-chemicals technology provider Twelve raise $57m while Eli Lilly and Kaiser Permanente-backed CRO dMed-Clinipac secured $50m.

Funding Twelve, a US-based developer of technology which converts carbon dioxide to chemicals, secured $57m yesterday in a series A round featuring reinsurance firm Munich Re’s investment arm, Munich Re Ventures, as well as software producer Microsoft’s Climate Innovation Fund. The round was co-led by Capricorn Technology Impact Fund and Carbon Direct Capital Management and…

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