New Investment: Engie New Ventures invests in Israeli startup Carbon Blue

We are excited to share the news of ENGIE New Ventures’ latest investment in Israel as a strategic partner in CarbonBlue’s $10 Million seed round!

Since the end of last year, we've worked tirelessly on attaching the startup to Engie's teams and businesses.

CarbonBlue is on a mission to revolutionize Carbon Dioxide Removal (CDR). It’s Direct Water Capture technology allows them to integrate seamlessly with facilities that already use water, including desalination plants, and improve the process carbon footprint. And Engie Group is a leading world desalination player.

iKare Innovation, who has been advising ENV in Israel for the past 8 years, is the group’s eyes and ears on the ground. The investment was otherwise managed completely remotely. The Covid crisis has introduced new investment practices, allowing remote decision making when necessary, without visiting the startup.

iKare in Hebrew means “essential”. It also says that "we care". The CarbonBlue-Engie collaboration stands exactly at the heart of iKare Innovation’s mission: helping large and small innovative champions to bring solutions to the climate challenges, carry on their vision with the right resources and partners. 

The recent PLANETech conference proved that the Israeli ClimaTech ecosystem is alive and well, igniting new projects, pushing for more solutions, even in this particularly challenging times. CarbonBlue is one of these vibrant startups that are preparing tomorrow’s planet, striving to create a better world. Carbon capture, carbon removal and carbon sinking have become a hot topic, with other remarkable startups like Rewind or Gigablue. It's not just the groundbreaking technology that sets CarbonBlue apart, but also the team behind it, under the leadership of Dan Deviri and Iddo Tsur. 

The recent funding round was led by Ibex Investors and Freshfund, with additional participation from strategic investors ZIM Integrated Shipping Services, Jibe Ventures, MoreVC, & Secret Chord Ventures.

You can read more about this new investment in Calcalist (in Hebrew), here: https://www.calcalist.co.il/calcalistech/article/sysu4l2o0  

and in English here: https://www.calcalistech.com/ctechnews/article/rkq4uynuc