Paebbl, a company focused on converting captured CO2 into durable, carbon-storing materials, has raised $25 million in Series A funding. This new investment will support Paebbl’s efforts to scale up and establish a sustainable supply chain for incorporating carbon into building materials, positioning the built environment as a contributor to climate change mitigation.
The funding round was led by Capnamic, a venture capital firm with a focus on the DACH region. Other participants included Amazon’s Climate Pledge Fund, global construction leader Holcim, and several European family offices, including Aurum Impact, backed by the Goldbeck family, owners of a prominent German construction company. Existing investors 2050, Pale Blue Dot, and the Grantham Foundation also joined the round.
Paebbl has forged partnerships with key industry players like Amazon, Holcim, and Goldbeck to further develop carbon-storing building materials and establish new benchmarks for sustainable construction.
Over the last 15 years, Paebbl has made significant strides, advancing from small-scale laboratory tests to a fully operational pilot facility in just 18 months. The company currently produces 250 kilograms of CO2-storing material daily. In May 2024, Paebbl reached a milestone by sequestering its first ton of CO2 in mineral form and casting its initial concrete structures incorporating captured carbon.
With the new capital, Paebbl plans to open a demonstration plant by mid-2025, increasing production capacity tenfold to 3 tons of product per day, with the potential to sequester up to one ton of CO2 daily. This facility will serve as a foundation for commercializing Paebbl’s technology and paving the way for a large-scale plant.
Paebbl is also expanding its operations in Helsinki, Rotterdam, and Stockholm and plans to open a new hub in the UK.
Co-founder and Co-CEO Marta Sjögren commented, “We are proud of our rapid progress, but much work remains. This funding allows us to take bigger steps toward making the built environment a central part of a low-carbon economy. The challenges are significant, but so are the opportunities.”
Co-founder and Co-CEO Andreas Saari added, “We are excited to partner with industry leaders like Amazon and Holcim, who will help us bring this vision to the market. Our goal is to transform the built environment into a substantial carbon sink. With new investment, we’re ready to move forward and continue growing at the pace necessary to succeed.”
Christian Knott, managing partner at Capnamic, highlighted Paebbl’s unique ability to scale rapidly: “Paebbl’s senior team has demonstrated an impressive capacity to execute and build. In a short time, they’ve gained multiple key partners and customers, positioning them well for future growth.”
Paebbl’s technology captures CO2 and transforms it into a stable industrial raw material that can store carbon in buildings. The company was founded in 2021 by Andreas Saari, Jane Walerud, Pol Knops, and Marta Sjögren, with the goal of developing scalable carbon removal solutions.
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar
