Heirloom Raises $150 Million Series B to Rapidly Scale Commercial Direct Air Capture [Yahoo! Finance]
JAPAN AIRLINES UNSP/ADR (JAPSY)
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Source: Yahoo! Finance
BRISBANE, Calif., December 04, 2024 BUSINESS WIRE Heirloom , America's leading Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. The round was co-led by Future Positive, and Lowercarbon Capital - which also invested in Heirloom's Series A. A range of new industrial investors, including Japan Airlines Co., Ltd., Mitsubishi Corporation (Americas), Mitsui & Co., Ltd., and Siemens Financial Services, representing difficult to decarbonize sectors of the economy – automotive, shipping, aviation, and advanced manufacturing — also participated. This is a strong vote of confidence in Heirloom's ability to be a leading pathway to net zero. The funding will be used to continue to drive down the cost of the technology, develop additional projects and provide the funding needed to subsequently access infrastructure capital. New investors in Series B include: Future Positive, H&M Group, Japan Airlines Co., Ltd., Mitsubishi Corporation (Americas), Mitsui &
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