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Made of Air, Maker of Carbon-Negative Thermoplastics, Lands $5.8 Million

October 18, 2021 BeautyMatter
October 18, 2021
Made of Air

Berlin-based climate tech start-up Made of Air has closed a €5 million ($5.8 million) seed funding round, led by Norwegian sustainability-focused family fund TD Veen.

WHO: Berlin-based Made of Air is in business to reverse climate change by transforming products in mobility, consumer goods, and the built environment by producing carbon-negative materials for the net-zero economy. They take carbon from waste biomass and create durable, thermoplastic compounds that enable products to become carbon sinks, all while replacing fossil plastics and high-emissions materials.

WHY: The funding will be used to significantly expand production capabilities, scale the team, and further carbon-negative material R&D.

IN THEIR OWN WORDS: "Made of Air's core purpose is to reverse climate change," said Allison Dring, Made of Air's CEO and co-founder. "Negative emissions technologies are urgently needed to reach our global climate targets and I am thrilled to be building this important material. Made of Air has created a technology that leverages the carbon sequestration potential of biochar into a new material resource—effectively turning manufactured goods into carbon sinks. This funding round is a vital step in instituting this technology in manufacturing at scale and a momentous step in our mission."

Commenting on the seed funding round in a statement, Kjell Skappel, CEO of TD Veen, said: "We are really impressed by what Allison, Daniel and the rest of the Made of Air team has accomplished to date and are proud to have led the round. We are convinced that the demand for carbon negative materials will grow substantially in the foreseeable future as industries look to lower their carbon footprint and future proof their supply chains."

DETAILS:

  • Berlin-based climate tech start-up Made of Air has closed a €5 million ($5.8 million) seed funding. The round was led by Norwegian sustainability-focused family fund TD Veen, with participation by Patrick Pichette (former CFO of Google and Chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO and co-founder of EQT Group), Tuesday Capital, the co-founders of Pexip, and Olympic gold medalist skier Aksel Lund Svindal.
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