Tech Company Financing Transactions
Brineworks Funding Round
Brineworks, based in Amsterdam, secured $2.2 million from Pale Blue Dot Ventures and private investors.
Transaction Overview
Company Name
Announced On
9/12/2024
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Undisclosed
Investors
Pale Blue Dot Ventures (Lead Investor) (Hampus Jakobsson)
Proceeds Purpose
This new investment will help Brineworks, co-founded by Gudfinnur Sveinsson and Dr. Joseph Perryman, accelerate its technical development and will be key to deploying its first technical pilot project.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Science Park 301?
Amsterdam, 1098 XH
The Netherlands
Amsterdam, 1098 XH
The Netherlands
Phone
Undisclosed
Website
Email Address
Overview
Brineworks is building a highly efficient, patent-pending seawater electrolyzer. This invention enables the low-cost extraction of CO2 through Direct Ocean Capture, along with the significant co-production of H2, the two building blocks of e-fuels. Our mission is to help rapidly decarbonize sectors like aviation and maritime by harnessing the power of cutting-edge electrochemistry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gudfinnur Sveinsson
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