News

February 15, 2023

Counteract closes £15m fund for carbon removal solutions

It's the first fund solely committed to CO2 removal technologies, and is hoping to raise £35m in total


Freya Pratty

3 min read

The Counteract team

The carbon removal sector had a strong 2022. It brought in the big bucks — funding hit $13.8bn globally according to Pitchbook, nearly a record despite the downturn — and it gained more political and scientific recognition too, when the Intergovernmental Panel on Climate Change (IPCC) highlighted the need for carbon removal solutions for the first time.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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