🌍 Future Planet Capital Announces Strategic Investment in 44.01 Technologies from the Blue Ocean Fund 🌍
We are thrilled to announce that Future Planet Capital, through its Blue Ocean Fund, has invested in 44.01 Technologies as part of its $37M Series A funding round.
44.01 Technologies is at the forefront of climate tech innovation, utilising their pioneering mineralisation technology to eliminate CO2 safely, permanently, and at scale. By accelerating the natural process of CO2 mineralisation, 44.01 can transform captured CO2 into rock within less than twelve months, providing a truly global solution for carbon storage.
Ed Phillips, Global Ventures Lead at Future Planet Capital said, "44.01's approach to CO2 mineralisation is not only innovative but essential in our fight against climate change. Demand for durable CO2 removal is outstripping supply, and consumers are embarking on a ‘flight to quality’ – looking for durable and verifiable carbon storage. We are proud to support Talal Hasan and his teams’ mission and look forward to seeing the global impact of their work."
Alexander Shadbolt, Investor and Impact Lead at Future Planet Capital added, "Our investment in 44.01 Technologies reflects our commitment to backing transformative solutions that address the world's most pressing environmental challenges. 44.01's technology offers a scalable and cost-effective alternative to conventional carbon storage methods, leveraging seawater to do so, making it a critical component in the global effort to reduce CO2 emissions."
As co-investors in this Series A funding round, we’re pleased to be involved alongside leads Equinor Ventures and Shorooq Partners, as well as ALIAD Venture Capital by Air Liquide, Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment (CI), IDO Investments , Planet A Ventures, Salica Investments' Oryx Fund, Siemens Financial Services, Sumitomo Corporation, and others.
We look forward to supporting 44.01 Technologies on this transformative journey and witnessing the incredible impact of their work on our planet.
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