The round which pushed the ETH Zurich-linked carbon capture system developer's overall financing past the $800m mark.

Climeworks, a Switzerland-based carbon capture technology provider spun out of ETH Zurich, 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.

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