Terms
- Announced
- 24 Aug 2026
- Instrument
- Equity
- Amount
- US$18.0m
- Source
- globenewswire.com
Parties
- Project developer
- Mantel
- Recipient type
- Technology company
- Country
- United States (Cambridge, MA)
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Constellation Technology Ventures Lead investor US$9.00m Estimated: an even share, 1 of 2 Azimut Holding Investor US$9.00m Estimated: an even share, 1 of 2
Carbon
- Pathway
- Industrial CCS / CCUS
- Project type as recorded
- Point-source carbon capture (molten-borate)
What happened
- Mantel raised $18M from Constellation Technology Ventures (CTV) and Azimut Investments with participation from existing investors, taking total funding to ~$50M. Capital supports commercial deployment of its molten-borate point-source carbon capture technology across power generation, oil and gas, pulp and paper and other heavy industry, with deployments advancing in Canada and West Virginia. ROUND LABEL CAVEAT: sources conflict - the company release says 'strategic investment', Dealroom reported a Series C extension, other coverage a Series A extension.
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