CREW Carbon

Terms

Announced

14 May 2026

Instrument

Equity

Amount

US$19.0mReported as $25M round: $19M equity (this row) + $6M grant and other non-dilutive funding (GR-100)

Source

crewcarbon.com

Parties

Project developer

CREW Carbon

Recipient type

Technology company

Country

United States (Brooklyn, NY HQ; Yale spinout)

Capital providers

Capital providers and the amount counted for each

Party	Role	Amount	Basis
Burnt Island Ventures	Lead investor	US$1.58m	Estimated: an even share, 1 of 12
AP Ventures	Investor	US$1.58m	Estimated: an even share, 1 of 12
Sony Innovation Fund	Investor	US$1.58m	Estimated: an even share, 1 of 12
Builders Vision	Investor	US$1.58m	Estimated: an even share, 1 of 12
Kibo Invest	Investor	US$1.58m	Estimated: an even share, 1 of 12
Idemitsu Ventures	Investor	US$1.58m	Estimated: an even share, 1 of 12
New York Ventures	Investor	US$1.58m	Estimated: an even share, 1 of 12
Counteract	Investor	US$1.58m	Estimated: an even share, 1 of 12
Animo Ventures	Investor	US$1.58m	Estimated: an even share, 1 of 12
Connecticut Innovations	Investor	US$1.58m	Estimated: an even share, 1 of 12
Ponderosa Ventures	Investor	US$1.58m	Estimated: an even share, 1 of 12
Echo River Capital	Investor	US$1.58m	Estimated: an even share, 1 of 12

Carbon

Pathway

Wastewater alkalinity enhancement

Project type as recorded

Wastewater treatment process intensification with permanent CO2 removal - smart-dosing of calcium carbonate to optimise pH/alkalinity, storing carbon as stable bicarbonate

Backed by offtakes from

• Frontier (coalition)
• Stripe Climate
• Google
• Shopify
• JPMorgan Chase
• McKinsey Sustainability

+6 more

• Autodesk
• H&M Group
• Workday
• Watershed
• Salesforce
• Microsoft

· signed before this financing

What happened

Full syndicate - lead: Burnt Island Ventures. New: AP Ventures, Sony Innovation Fund, Builders Vision, Kibo Invest, Idemitsu Ventures, New York Ventures, plus family offices. Existing: Counteract, ANIMO Ventures, Connecticut Innovations, Ponderosa Ventures, Echo River Capital. Blended $19M equity / $6M non-dilutive. CEO Dr Joachim Katchinoff. Validates a low-cost CDR pathway that piggybacks on existing utility infrastructure rather than requiring greenfield capex - one utility reportedly considering deferring $350M of planned capital upgrades post-deployment. Separately won a ~$2.3M Colorado Energy Office Clean Air Program award. Reported ~$32M of offtakes / 72k tonnes contracted.

Kumo note

This funding is supported by the Frontier $32 million offtake contract to remove 71,878 tons of CO2 between 2025 and 2030 and the 23,602 tonne Microsoft offtake.

Next step