Aether Diamonds, a New York-based company focused on creating diamonds made from atmospheric carbon, raised $18M in Series A funding.
The round was led by Helena and TRIREC, with participation from SOUNDWaves, Khosla Ventures, and Social Impact Capital. Matthew Saunders, Principal at Helena, has joined Aether’s board of directors.
The company intends to use the funds to scale its carbon utilization technology.
Founded in 2018 by CEO Ryan Shearman and COO Daniel Wojno, Aether is a climate tech startup and certified B-Corporation which works to transform air pollution into valuable goods and materials. In addition to being made from captured carbon, Aether diamonds are atomically identical to their mined counterparts, without any of the harmful environmental or social impacts. The company uses clean energy throughout its supply chain and its proprietary diamond production process has a net negative carbon footprint. In addition to locking harmful carbon away in their diamonds, Aether has committed to removing 20 metric tonnes of CO2 from the air for every carat of diamond sold, enough to offset the average American’s carbon footprint by more than a year.
FinSMEs
03/03/2022