Aircapture, a pioneer in direct air capture (DAC) technology, today announced a $50 million Series A round led by the Larsen Lam Climate Change Foundation. The investment will enable the 2025 XPrize “Carbon Removal” winner to scale operations and accelerate deployment of its modular, revenue-positive DAC systems that deliver high-purity, on-site CO₂ to food, beverage, industrial, and agricultural customers. With the financing, Aircapture offers a path to large-scale carbon capture and sequestration, positioning the company to lead the global transition to scalable, economically viable carbon removal.
Legacy DAC technologies have faced hurdles to scale, including high costs, complex infrastructure needs, and uncertain revenue models. Aircapture is breaking that mold with a commercially grounded approach that delivers immediate value. Through its modular systems, the company eliminates transportation costs, reduces carbon emissions, and insulates customers from supply constraints and market volatility that has seen CO₂ prices surge.
“This investment allows us to meet a critical, underserved need in the $70 billion industrial CO₂ market while decreasing the deployment and operational cost of large-scale carbon removal,” said Matt Atwood, founder and CEO of Aircapture. “Our model delivers high-purity atmospheric CO₂ directly at the point of use, creating immediate economic value and significantly reducing the footprint of traditional CO₂ supply chains. With this funding, we’re expanding our technology deployment, accelerating project financing and manufacturing, and continuing to reduce the cost of direct air capture—making large-scale carbon removal a global reality.”
Following its XPrize win for the Project Hajar DAC installation, which proved the technology at commercial scale for sequestration and permanent removals, Aircapture has secured multi-year contracts with major global brands, including a Fortune 100 beverage company. The company’s “CO₂ as a Service™” model generates immediate revenue while offering a resilient alternative to conventional CO₂ supply chains, which have long relied on carbon-intensive byproducts from oil & gas, ammonia or ethanol production. These legacy systems have also been vulnerable to disruption from geopolitical conflicts, rising energy prices, and complex logistics. Aircapture’s approach delivers clean, on-site CO₂, reducing risk while accelerating the shift to sustainable sourcing.
"Climate action requires scalable solutions that align carbon dioxide removal with commercial viability," said Chris Larsen, founder of the Larsen Lam Climate Change Foundation. "Aircapture's technology stands out because it delivers tangible, scalable benefits today. Their approach provides essential CO₂ for industries that depend on it daily while reducing atmospheric carbon levels. We're investing in a proven model that can scale rapidly across mature commercial markets, carbon utilization and sequestration.”
With this new funding, Aircapture will accelerate manufacturing capacity for its next-generation containerized DAC units, expand its commercial deployments across North America, Europe, and Asia, and grow its engineering and deployment teams.
