Inherit Carbon Solutions raises seed round to accelerate carbon removal
Oslo, Norway - Jan 22, 2024 – Inherit today announced an oversubscribed investment round with Sumitomo Corporation as lead investor. The round is completed with new investors Farvatn, Momentum, and Arkwright X alongside existing investors Equinor Ventures and Stratel Ventures.
Inherit aims to build a carbon removal industry of high-quality permanent solutions. To get there, we are starting with the lowest hanging fruit of carbon removal, CO2 arising from organic waste.
Inherit is partnering with Sumitomo Corporation to accelerate the path towards a net negative world. Sumitomo Corporation, with their global reach, industry footprint and deep domain expertise is the perfect partner for Inherit to build on the already strong foundation.
Commenting on the investment, Ko Akiyama, Head of Energy Innovation Initiative (Europe) at Sumitomo Corporation Europe Limited, said, “We are thrilled to embark on a collaboration with Inherit, a pioneer dedicated to transforming biomass-derived CO2 emissions in the Biogas industry into CDR. Mike and Kaja, the founders of Inherit, have assembled an incredible team that has made significant progress towards advancing Inherit’s exciting vision. We are delighted to join forces as partners in the pursuit of creating a carbon-neutral society together.
"We are delighted to have Sumitomo Corporation as a strategic partner and investor. This collaboration not only validates our mission to address climate change but also provides the resources and expertise needed to scale our efforts and make a real impact on carbon removal," said Mike Carpenter, CEO and co-founder of Inherit.
Read more: www.sumitomocorp.com/en/mideast/news/topics/2024/group/20240122
About Inherit Carbon Solutions
Carbon removal doesn’t have to be energy intensive or to compete with arable land to grow food. It also doesn’t have to be at a small scale. We can remove gigatons of CO₂ and store it for 1000+ years. Our co-founders, Kaja and Mike, met while assessing opportunities for Carbon Capture and Storage (CCS) from biomethane production. They discovered that the technology is here and began working to implement the commercialization and implementation.
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