Saudi Aramco Invests $80 million in U.S.- based CarbonCapture

March 13, 2024

U.S.-based climate technology firm CarbonCapture secured $80 million (AED 293 million) in funding from various investors, notably Saudi Aramco’s venture capital unit.

Prime Movers Lab spearheaded the Series A fundraising, with contributions from Aramco Ventures, Amazon’s Climate Pledge Fund, Siemens Financial Services, Idealab X, and Marc Benioff’s Time Ventures.