Climate technology company D-CRBN announced that it has raised €17.5 million (USD$20.3 million) in a Series A funding round, with proceeds to be used to scale the company’s technology to recycle CO2 into the building blocks for sustainable fuels, chemicals, and materials.

Founded in 2021, Belgium-based D-CRBN has developed technology that uses renewable electricity to recycle CO2-rich off-gases and hydrocarbons into carbon monoxide and syngas, providing feedstocks for sustainable fuels, chemicals, and materials.

The company said that its platform provides European industry with a scalable pathway to enhance supply security, reduce dependence on fossil feedstocks, and maintain industrial competitiveness.

According to D-CRBN, its technology has already been validated at industrial pilot scale with leading partners in the steel and chemicals sectors, with multiple demonstration projects advancing toward commercial deployment.

The company said that the new capital will support the scale-up of its plasma reactor technology, accelerate industrial pilots with leading partners, and enable the transition from pilot validation to initial commercial deployments.

The funding round was led by Astaia, a German investment firm focused on climate and industrial decarbonization technologies, with follow-on participation from SFPIM and the European Innovation Council (EIC) Fund.

Andreas Blome, Director at Astaia said:

“Climate and industrial decarbonisation are among the most critical challenges of our time, and few areas offer greater potential for long-term value creation. By enabling circular carbon molecules at industrial scale, D-CRBN directly addresses Europe’s dependence on fossil resources while helping secure the future supply of critical materials for fuels, chemicals, and manufacturing.”

D-CRBN said that it will open a limited secondary closing of up to €5 million, under the same terms and conditions as the initial round, for a select group of strategic industrial partners which will play an active role in accelerating the industrial deployment of the company’s technology.

David Ziegler, CCO at D-CRBN said:

“This Series A marks a significant milestone for D-CRBN, With Astaia as lead investor and the continued support of SFPIM and the EIC Fund, we are well positioned to transition from pilot validation toward industrial scale-up.”