Travertine Technologies, Inc., a Boulder, CO-based a carbon dioxide removal and industrial chemical production company, raised $3M in seed financing.
The round was jointly led by Grantham Environmental Trust and Clean Energy Ventures.
This investment will enable Travertine to scale up its team in Boulder, CO, and to accelerate its pathway to pilot-scale implementation in 2023.
Founded by Prof. Laura Lammers, Travertine is a carbon dioxide removal and industrial chemical production company building a gigaton-scale CDR solution that co-produces sulfuric acid for use in critical element extraction. It employs a novel, cost-effective process to capture and permanently sequester ambient CO2 while producing sulfuric acid to enable carbon-negative critical element extraction and fertilizer production.