Tech Company Financing Transactions
EDAC Labs Funding Round
Grantham Foundation joined a $3 million Seed funding round for EDAC Labs. The round was announced on 8/15/2023.
Transaction Overview
Company Name
Announced On
8/15/2023
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Grantham Foundation (Lead Investor)
Proceeds Purpose
The funding will enable the company to scale and demonstrate its technology at one ton per day of carbon dioxide capture by the end of 2024.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Baltimore, MD Undisclosed
USA
Baltimore, MD Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
EDAC Labs is a spin-out from Professor Chao Wang's lab at Johns Hopkins University School of Engineering. We're committed to the development of negative-emission technologies and decarbonization through affordable, scalable direct air capture of carbon dioxide, carbon-negative mining, and other Ph swing applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Lavin
Chief Operating Officer
Brian Toll
Chief Technical Officer
Chao Wang
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