Carbon Engineering
Carbon Engineering is a Canadian clean technology company pioneering direct air capture (DAC) technology to remove CO2 directly from the atmosphere. The company develops and commercializes proprietary air-to-fuels technology that captures atmospheric carbon dioxide and converts it into low-carbon synthetic fuels or permanently stores it underground. Founded in 2009 and headquartered in Squamish, BC, Carbon Engineering operates a research and innovation facility and was acquired by Occidental Petroleum in November 2023.
Acquired
Carbon Engineering has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2009
Employees
150–189
Total Funding
$68M
1 rounds
Funding
Total raised $68M across 1 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Equity Financing (private investment round)
Date
March 21, 2019
Amount
$68M
Valuation
—
Lead Investors
Prominent Investors
Leadership
Daniel Friedmann
Chief Executive Officer
David Keith
Founder
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Climeworks
Swiss direct air capture company using solid sorbent technology to capture CO2 from ambient air
1PointFive
Occidental Petroleum subsidiary developing direct air capture projects, including partnership with Carbon Engineering technology
Global Thermostat
Direct air capture company using proprietary sorbent technology for CO2 removal
Twelve
Carbon transformation startup using electrochemistry to convert CO2 into valuable chemicals and fuels
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