Carbon Direct

Carbon Direct Capital Management, founded in 2020 and based in New York, specializes in growth-stage investments within the carbon management sector. The firm adopts a science-focused approach to investment, aiming to maximize both climate impact and financial returns. It operates as a Registered Investment Adviser and is dedicated to driving climate action through selective investments in companies that contribute to carbon reduction and removal initiatives. By leveraging industry-leading carbon science, Carbon Direct facilitates the procurement of carbon credits and low-carbon materials, helping organizations achieve their climate objectives.

Joshua Dienstag

Chief Investment Officer

Jonathan Goldberg

CEO and Founder

14 past transactions

Air Company

Series B in 2024
Air Company is a carbon utilization firm focused on transforming carbon dioxide (CO2) captured from the atmosphere into sustainable consumer and industrial products. Utilizing its patented Carbon Conversion Reactor, which mimics photosynthesis, the company effectively converts CO2, water, and renewable energy into carbon-negative alcohols and fuels. Among its product offerings are AIR Vodka, AIR Hand Sanitizer, and AIR Eau de Parfum. The company is also advancing the development of CO2-derived sustainable aviation fuel (SAF), which will be certified by recognized sustainability organizations. With $40 million in venture capital funding, Air Company has received numerous accolades, including TIME Best Inventions and the Keeling Curve Prize, highlighting its innovative approach to carbon technologies. Through its initiatives, Air Company aims to contribute significantly to reducing greenhouse gas emissions and promoting a regenerative future aligned with nature.

LanzaTech

Post in 2024
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from the gasification of municipal solid waste and biomass. LanzaTech's innovative technology enables the conversion of carbon emissions from sources like steel mills into valuable products, such as sustainable fuels and chemicals, thus contributing to a circular carbon economy. By recycling carbon from various waste streams, LanzaTech aims to reduce global CO2 emissions significantly and displace a substantial portion of crude oil use, ultimately transforming waste carbon into essential building blocks for consumer goods.

Graphyte

Series A in 2024
Graphyte offers carbon removal services by utilizing a carbon casting technology.

ION Clean Energy

Venture Round in 2024
ION Clean Energy is a technology company established in 2008 and based in Colorado, United States. It specializes in the development of advanced carbon dioxide capture technology aimed at mitigating greenhouse gas emissions. The company's innovative solvent and process technology focuses on removing carbon dioxide from large point sources, such as natural gas and coal-fired power plants. By utilizing a sophisticated liquid absorbent system, ION Clean Energy provides industries with efficient and cost-effective solutions for carbon capture, significantly lowering both capital and operational expenses associated with greenhouse gas mitigation.

Sunfire

Series E in 2024
Sunfire is a company that specializes in developing and manufacturing systems for renewable industrial gas and fuel production. It focuses on creating substitutes for fossil fuels, such as mineral oil and natural gas, through innovative technologies like electrolyzers and solid oxide cells. These systems convert renewable electrical energy from sources like wind farms, hydropower plants, and photovoltaic systems into fuels and gases, including renewable hydrogen and syngas. By enabling the chemical, fuel, and steel industries to transition away from fossil energy, Sunfire aims to provide sustainable energy solutions that are available whenever needed, thus integrating renewable energy into existing infrastructures.

Velocys

Venture Round in 2024
Velocys is a UK-based company specializing in the design, development, and marketing of technology that converts natural gas and biomass into premium liquid fuels, including diesel and jet fuel, as well as specialty products like waxes and base oils. The company focuses on smaller-scale gas-to-liquids (GTL) and biomass-to-liquids (BTL) processes, which offer a cost-effective solution to utilize stranded or flared gas and enhance the value of shale gas and bio-waste. With a portfolio of over 900 patents, Velocys employs advanced catalysts and intensified reactor systems within its standardized modular plants, which are designed for easier transportation and quicker installation in diverse locations. The company collaborates with leading partners to unlock gas resources ranging from 15,000 to 150,000 MMBtu per day, enabling a broader range of businesses to capitalize on new energy opportunities across the Americas, Europe, and the Asia Pacific.

Twelve

Series B in 2022
Twelve, formerly known as Opus 12, is a Berkeley, California-based company that specializes in recycling carbon dioxide emissions into valuable chemicals and fuels. Founded in 2015, the company has developed innovative technology that can be integrated with any source of CO₂ emissions. By utilizing only water and electricity as inputs, Twelve transforms captured carbon dioxide into essential products such as methane, ethylene, and ethanol. The firm aims to provide a cost-competitive alternative to petroleum-derived chemicals and fuels, thereby addressing carbon emissions while simultaneously creating economically viable solutions.

Air Company

Series A in 2022
Air Company is a carbon utilization firm focused on transforming carbon dioxide (CO2) captured from the atmosphere into sustainable consumer and industrial products. Utilizing its patented Carbon Conversion Reactor, which mimics photosynthesis, the company effectively converts CO2, water, and renewable energy into carbon-negative alcohols and fuels. Among its product offerings are AIR Vodka, AIR Hand Sanitizer, and AIR Eau de Parfum. The company is also advancing the development of CO2-derived sustainable aviation fuel (SAF), which will be certified by recognized sustainability organizations. With $40 million in venture capital funding, Air Company has received numerous accolades, including TIME Best Inventions and the Keeling Curve Prize, highlighting its innovative approach to carbon technologies. Through its initiatives, Air Company aims to contribute significantly to reducing greenhouse gas emissions and promoting a regenerative future aligned with nature.

Sunfire

Series D in 2022
Sunfire is a company that specializes in developing and manufacturing systems for renewable industrial gas and fuel production. It focuses on creating substitutes for fossil fuels, such as mineral oil and natural gas, through innovative technologies like electrolyzers and solid oxide cells. These systems convert renewable electrical energy from sources like wind farms, hydropower plants, and photovoltaic systems into fuels and gases, including renewable hydrogen and syngas. By enabling the chemical, fuel, and steel industries to transition away from fossil energy, Sunfire aims to provide sustainable energy solutions that are available whenever needed, thus integrating renewable energy into existing infrastructures.

Heirloom

Series A in 2022
Heirloom specializes in direct air capture technology aimed at enhancing the natural absorption of carbon dioxide from the atmosphere. The company's innovative system accelerates the ability of limestone to capture CO2, allowing for its permanent storage underground. By operating on renewable energy, Heirloom's technology promotes carbon capture and utilization at a large scale, with the goal of removing significant amounts of atmospheric CO2. This approach not only minimizes secondary impacts but also supports clients in restoring the atmosphere through natural processes.

Sunfire

Series D in 2021
Sunfire is a company that specializes in developing and manufacturing systems for renewable industrial gas and fuel production. It focuses on creating substitutes for fossil fuels, such as mineral oil and natural gas, through innovative technologies like electrolyzers and solid oxide cells. These systems convert renewable electrical energy from sources like wind farms, hydropower plants, and photovoltaic systems into fuels and gases, including renewable hydrogen and syngas. By enabling the chemical, fuel, and steel industries to transition away from fossil energy, Sunfire aims to provide sustainable energy solutions that are available whenever needed, thus integrating renewable energy into existing infrastructures.

Solugen

Series C in 2021
Solugen, Inc. is a specialty chemicals company based in Houston, Texas, that focuses on producing industrial chemicals through industrial biotechnology and green chemistry. Founded in 2016, Solugen develops a range of environmentally friendly products, including BioPeroxide, a carbon-negative hydrogen peroxide, and BioChelate, a biodegradable chelant. The company also offers ScavSol, a multivalent metal sequestrant for energy applications; ScaleSol, an alternative to phosphonates for scale control; and CorrSol, a corrosion and fouling control product. By utilizing fermentation and enzymatic technology to convert plant sugars into chemicals, Solugen aims to replace petroleum-based products with plant-derived alternatives. Its innovative solutions are designed to benefit various industries, including agriculture, cleaning, energy, and water, while also addressing critical issues such as clean water, sustainable materials, and healthier personal care products.

Twelve

Series A in 2021
Twelve, formerly known as Opus 12, is a Berkeley, California-based company that specializes in recycling carbon dioxide emissions into valuable chemicals and fuels. Founded in 2015, the company has developed innovative technology that can be integrated with any source of CO₂ emissions. By utilizing only water and electricity as inputs, Twelve transforms captured carbon dioxide into essential products such as methane, ethylene, and ethanol. The firm aims to provide a cost-competitive alternative to petroleum-derived chemicals and fuels, thereby addressing carbon emissions while simultaneously creating economically viable solutions.

Svante

Series D in 2021
Svante is a prominent provider of carbon capture and removal solutions, focusing on the development and manufacture of innovative solid sorbents, structured adsorbent filters, and rotary contactor machines. The company's technology is designed for post-combustion industrial carbon capture and direct air capture, addressing hard-to-decarbonize emissions from industries such as cement, hydrogen, oil and gas, and steel. Svante's solid sorbent-based technology is both environmentally responsible and scalable, allowing for effective CO2 capture that meets pipeline-grade purity standards. This captured carbon can be safely transported, stored underground, or repurposed for various applications. By forming partnerships across the global carbon capture, utilization, and storage (CCUS) value chain, Svante aims to facilitate the implementation of source-to-sink carbon capture projects, helping enterprises reduce emissions while managing capital costs and energy use effectively.
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