Terms
- Announced
- 6 Sept 2023
- Instrument
- Equity
- Amount
- US$11.0m
- Source
- spiritus.com
Parties
- Project developer
- Spiritus
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Khosla Ventures Investor US$5.50m Estimated: an even share, 1 of 2 Page One Ventures Investor US$5.50m Estimated: an even share, 1 of 2
Carbon
- Pathway
- DAC
What happened
- Khosla Ventures led and stated this was its first direct air capture investment. Aramco Ventures is not in this round; it led the 2025 Series A.
Kumo note
- Khosla Ventures made its first direct air capture investment here, saying it had screened around sixty startups before committing. The bet is on passive capture, which moves the cost problem from energy to land and materials handling.
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