Noya PBC, a San Francisco, CA-based climate tech company, raised $11M in Series A funding.
The round was led by Union Square Ventures and Collaborative Fund, with participation from Lowercarbon Capital, Fifty Years, MCJ Collective, EQT Foundation, Climate Capital, and Nexwell Group. As part of their investment, Fred Wilson from USV and Sophie Bakalar from Collaborative Fund have joined Noya’s board of directors.
The company intends to use the funds to hire new team members, expand testing and manufacturing capabilities, and deploy their first commercial pilot later this year.
Founded in 2020 by CEO Josh Santos and CTO Daniel Cavero, Noya is deploying Direct Air Capture projects to remove society’s historic CO2 emissions from the atmosphere.
The company works with organizations like Shopify and Watershed, who have each purchased Noya’s carbon removal credits.
Noya is also announcing the signing of its latest carbon removal agreement. This multi-year deal will help the a confidential university endowment reach their sustainability goals with high-quality, permanent carbon removal credits.
FinSMEs
11/04/2023