Stockholm’s ReCarber raises €5.1M to remove CO2 on a gigaton scale; here’s how

Stockholm-based carbon removal company ReCarber has raised €5.1M (SEK 60M) in its first funding round. The investment was led by Luminar Ventures, Spintop Ventures, and Course Corrected.

The company aims to accelerate the deployment of scalable carbon removal solutions in line with Swedish and global climate targets.

ReCarber mentions in a LinkedIn post that with 2024 recorded as the warmest year on record and January marking the hottest start to a year, the need for climate action is increasingly urgent. 

Achieving net-zero emissions by mid-century requires both emission reductions and large-scale carbon removal. Bioenergy with carbon capture and storage (BECCS) is considered a key technology in this effort. 

The Nordic region, with its favourable conditions, has the potential to remove up to 60 million tonnes of biogenic CO2 annually.

ReCarber says, “With our founding team and expanded board in place, we will now focus on what lies ahead—scaling high-quality BECCS projects across the Nordics and beyond to deliver a significant portion of the large-scale and high-integrity carbon removal projects required to meet the global net-zero goals.”

‘Accelerating engineered carbon removals’

ReCarber is advancing engineered carbon removals on a gigaton scale through Bioenergy with Carbon Capture and Storage (BECCS). The company develops and finances carbon removal projects while operating a platform to connect emitters with buyers of carbon removal credits (CDRs).

By supporting project financing and securing offtakers, ReCarber aims to bring carbon removal solutions to market faster, at lower costs, and with reduced risk. 

The company focuses on capturing CO2 from biogenic sources—such as biomass-based energy production—and storing it permanently underground, generating high-quality CDRs to support net-zero goals.