Oryx Fund’s Post

This successful Series A fundraise is a pivotal step in 44.01's journey, marking its transition from early-stage to a more established and scalable business. This demonstrates that 44.01 has a viable business model, a solid value proposition, and potential for growth. The capital raised during this Series A round provides the necessary funds to scale the business. Significantly it brings with it access to investor expertise and to their networks, which will be crucial for business development, partnerships, and future fundraising rounds. It creates an opportunity to attract and retain top talent who will feel confident in the backing of reputable investors. As an advisor to 44.01 I look forward to shaping the opportunity further and to answering the challenges that lie ahead! 44.01 #CO2 #Mineralisarion and #SafeStorage

Exciting news alert 🚀🌟   We're very excited to share that our first investment - a UK-based climate tech company 44.01 successfully closes a $37M Series A fundraise, co-led by Shorooq Partners and Equinor Ventures. AlfaStar Capital, EuVECA invested in the previous round in October'22. This significant progress is proving the Fund's investment thesis, focused on innovative solutions seeking to enable more sustainable industry and life. 🌱🌍   44.01 is pioneering in the field of CO2 mineralization. By accelerating the natural process of turning CO2 into rock, company offers a permanent and safe solution for carbon removal. With successful pilot projects in Oman and the UAE, and recent funding to support international expansion, 44.01 is poised to make a substantial impact on global #carbon reduction efforts. Their innovative approach not only addresses climate change but also leverages natural processes to create a #sustainable #future.   For their next ambitious development plans the 44.01 team has managed to attract the backing of some of the leaders in the investment community like: Planet A Ventures, Amazon's Climate Pledge Fund, Siemens Financial Services, Sumitomo Mitsui Banking Corporation – SMBC Group, ALIAD Venture Capital by Air Liquide, Alumni Ventures, Climate Investment (CI), Innovation Development Oman IDO Investments, Salica Investments Oryx Fund, and several other visionary investors such as Sam Altman. Existing investors including Breakthrough Energy have also recommitted to 44.01’s technology by participating in the round.   Discover more about 44.01’s path-breaking technology in this Bloomberg coverage: https://lnkd.in/dMg53qtt   #ClimateChange #Sustainability #Innovation #CO2Mineralization #GreenTech #VentureCapital #4401 #tech #investments #Entrepreneurship #venturecapital #privatecredit #privateequity #saudi #uae #riyadh

44.01’s $37m Series A funding: A leap forward in global CO2 mineralisation MUSCAT: Oman’s award-winning climate tech startup, 44.01, has successfully completed a $37 million Series A funding round, marking a significant milestone in the fight against climate change. Internationally, the funding round was led by Equinor Ventures with Shorooq Partners in the UAE. Innovation Development Oman (IDO) is among a number of Omani investors. Other investors include (in alphabetical order) ALIAD Venture Capital by Air Liquide), @Amazon’s Climate Pledge Fund, @Climate Investment, Salica Investments Oryx Fund, Siemens Energy Financial Services and Sumitomo Corporation. Existing investors including Breakthrough Energy Ventures have also recommitted to 44.01’s technology by participating in the round. Read more: https://lnkd.in/dUvx_c5e 44.01 Ministry of Energy and Minerals Environment Authority Equinor #InnovationDevelopmentOman #4401Earth #Carbon #Mineralisation #Decarbonisation #Funding #Peridotite #CarbonCapture #CCUS #Oman #OmanBiz

44.01’s $37m Series A funding: A leap forward in global CO2 mineralisation MUSCAT: Oman’s award-winning climate tech startup, 44.01, has successfully completed a $37 million Series A funding round, marking a significant milestone in the fight against climate change. Internationally, the funding round was led by Equinor Ventures with Shorooq Partners in the UAE. Innovation Development Oman (IDO) is among a number of Omani investors. Other investors include (in alphabetical order) ALIAD Venture Capital by Air Liquide), @Amazon’s Climate Pledge Fund, @Climate Investment, Salica Investments Oryx Fund, Siemens Energy Financial Services and Sumitomo Corporation. Existing investors including Breakthrough Energy Ventures have also recommitted to 44.01’s technology by participating in the round. Read more: https://lnkd.in/dXgZqCaR 44.01 Ministry of Energy and Minerals Environment Authority Equinor #InnovationDevelopmentOman #4401Earth #Carbon #Mineralisation #Decarbonisation #Funding #Peridotite #CarbonCapture #CCUS #Oman #OmanBiz

The recent report from Endow Capital highlights a major injection of funds into the cleantech sector, with over $395 million allocated to leading enterprises like Hohm Energy, EST-Floattech | Energy Storage Solutions, GeoPura, Antora Energy, and Ascend Elements. Prominent investors include: E3 Capital , 4DX Ventures, Breega, E4EAfrica, TO.org, Tekton Ventures, Sunu Capital, Musha Ventures, Climate Capital Ventures, Energy Transition Fund Rotterdam, Rotterdam Port Fund, PDENH, Ponooc, Yard Energy, UK Infrastructure Bank, Barclays Sustainable Impact Capital, Decarbonization Partners (a partnership between BlackRock and Temasek), Emerson Collective, GS Futures, The Nature Conservancy, A subsidiary of NextEra Energy Resources, LLC, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, Grok Ventures, Just Climate, Clearvision Ventures, IRONGREY, Temasek and Qatar Investment Authority. Find out more: bit.ly/3wFL9DL #CleantechInvestment #SustainableFinance #EndowCapital #Innovation #GreenTech #SustainableInnovation

🌿 This week, over $281 million was invested in clean energy companies including Compagnie Maritime Monégasque (CMM), Hysata, Li Industries, Princeton NuEnergy, and Relux Electric.   Investors include: Summit Ridge Capital Partners, Panorama Capital Partners, bp Ventures, Templewater, IP Group Australia, Kiko Ventures, Virescent Ventures (on behalf of Clean Energy Finance Corporation), Hostplus, Vestas Ventures, BlueScopeX, POSCO Holdings, Posco E&C, IMM Investment Hong Kong, Shinhan Financial Group Co., Ltd., Twin Towers Ventures (TTV), Oman Investment Authority’s VC arm IDO, TelstraSuper, Bosch Ventures, Khosla Ventures, LG Technology Ventures, 台塑新智能 Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, Chevron Technology Ventures, Shell Ventures, Myriad Ventures, SCGC - SCG Chemicals (a subsidiary of SCG Group), Tech Council Ventures, a subsidiary of LKQ Corporation. Subscribe to our weekly newsletter to stay updated on these and future sustainable investment opportunities. https://bit.ly/3wJ4zYP #EndowCapital #InvestmentRoundup #SustainableInvesting #CleanEnergy #VentureCapital  #ImpactInvesting #Cleantech

The latest edition of Endow Capital's newsletter highlights notable investment milestones in the clean technology sector. Leading firms like e-peas, Solivis, Novocarbo, Doral, and AmpUp Energy have secured funding exceeding $174 million. Investors include: Otium Capital, NOMAINVEST, EIC IMPACT TRUST - EIC IMPACT FUND - Eastern Investment Centers, KBC Focus Fund, The Faktory Fund, Wallonie Entreprendre, Noshaq-Leansquare, InvestBW, Korea Technology Finance Corporation, KOSPI-listed companies, Venture investment companies, Securities companies, Financial companies, SWEN Capital Partners (SWEN CP), HSBC, Doral Renewable Energy Resources Group, Migdal Group, Clean Air Generation, Apollo Global Management, Inc., Hyundai Motor Company (현대자동차) and Hyundai Cradle investment team. https://bit.ly/4cBEbQM #CleantechInvestment #SustainableFinance #EndowCapital #Innovation #GreenTech #SustainableInnovation

I am curious to whether this acquisition of CCS strategy retains the staff experience and corporate memory of the project identification to FID to utilize in future projects.

Latest update from Magnora!

We’re delighted to announce that we have raised a further €63 million to accelerate Aira’s mission to make clean energy-tech a reality for homes across Europe. Together, with existing investors, Temasek, Statkraft Ventures , Kinnevik, and Altor Equity Partners, we are demonstrating our commitment to taking Europe off gas. It’s early days, but with a revenue run rate of €100M, we’re excited to be entering the growth phase of our journey. This investment enables us to expand further across our commercial markets - Germany, Italy and the UK - and grow our green skills workforce. In parallel, we are developing our product portfolio to help customers save even more money on their energy bills, while significantly reducing their C0₂ emissions. There are still 130M boilers heating homes across Europe and now is the time for change. We are committed to helping 5M people across Europe make the switch to heat pumps over the coming decade and we are excited to maintain momentum in our commercial markets. Read more about this announcement here: https://lnkd.in/d3SuNNZc #Aira #SeriesBExtension #Funding #NetZero #ClimateChange #HeatPumps