Carbfix

Turning CO2 into stone

Reykjavik, Iceland · Founded 2007 · $121.3M raised

Headquarters
Reykjavik
Employees
11–50
Founded
2007
Business Model
B2B
Total Funding
$121.3M
Last Round
$4.3M GrantJan 2023
Rounds
3

About

Carbfix is an Icelandic carbon capture and storage company that has pioneered the rapid underground mineralization of CO2 and H2S into solid rock using basaltic formations. Originally a research project initiated in 2006 and formalized in 2007 by Reykjavík Energy, the University of Iceland, CNRS, and Columbia University's Earth Institute, Carbfix has successfully stored over 70,000 tons of CO2 at its Hellisheiði injection site in Iceland. The company targets hard-to-abate industrial emitters, direct air capture operators, and bioenergy carbon capture projects, aiming to scale permanent CO2 storage to gigaton levels.

Summary

Carbfix is a Climate Tech company based in Reykjavik, Iceland, founded in 2007. It has raised $121.3M in total across 3 rounds, most recently a $4.3M Grant round in Jan 2023. Investors include European Innovation Fund.

Tech & App Stack

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Funding History

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GrantJan 2023
$4.3M

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