- Ocean health and climate solutions startup Gigablue announced that it has raised $20 million at the first close of its Series A financing, with proceeds aimed at scaling its solution to capture and remove carbon from the atmosphere, and store it deep in the ocean.
- Founded in 2022, Gigablue designs and deploys a marine-based carbon dioxide removal method to capture and store CO₂ at large scale through natural marine processes, a methodology known as Microalgae Carbon Fixation Sinking (MCFS).
- The company’s solution utilizes substrates comprised of naturally occurring compounds, on which photosynthetic phytoplankton absorb CO2 and convert it into biomass and, subsequently sink to the depths.
Read the full news here:
Gigablue Raises $20 Million to Scale Ocean-Based Carbon Removal Solution