Tech Company Financing Transactions
Mantel Funding Round
On 9/5/2024, Mantel received $30 million in Series A funding from Eni, Shell Ventures and private investors.
Transaction Overview
Company Name
Announced On
9/5/2024
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
Eni (Lead Investor)
Shell Ventures (Lead Investor) (Hector MacQuarrie)
Proceeds Purpose
The $30 million raised in the Series A round will allow Mantel to build a demonstration project at a paper mill that can capture 1,800 metric tons of emissions a year, around 10 times more than the half a ton a day captured in a laboratory setting.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
61 Anderson St Apartment 5
Boston, MA 02114
USA
Boston, MA 02114
USA
Phone
Undisclosed
Website
Email Address
Overview
Mantel is developing the first molten-salt based carbon capture technology. Our molten borates are designed to operate at the high temperatures found inside boilers, kilns, and furnaces -- enabling highly efficient carbon capture that has not been possible until now. Carbon capture can be applied across industry to reduce emissions - and even achieve net-negative emissions. By solving for efficiency Mantel can reduce energy losses by more than 60% and cut costs in half, unlocking carbon capture's role in reaching global net zero.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cameron Halliday
Chief Operating Officer
Danielle Colson
Chief Technical Officer
Sean Robertson
Browse more venture capital transactions:
Prev: 9/5/2024: Capsa AI venture capital transaction
Next: 9/5/2024: Venova Medical venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs