Avnos secures $36 million funding for CO2 removal technology

Los Angeles-based Avnos announced the closure of a $36 million Series A funding round for carbon dioxide removal with its innovative Hybrid Direct Air Capture technology. The capital will fuel Avnos’ expansion efforts across North America and Europe and establish a cutting-edge research and development facility near New York City. 

“At Avnos, we believe our novel HDAC technology is the world’s best shot at reaching the much-needed gigaton scale of carbon dioxide removal,” said Will Kain, CEO of Avnos, in a release. “We feel the urgency to roll out HDAC more broadly so as to deliver on the enormous, positive climate and economic opportunities in front of us. With this substantial funding, Avnos continues to expand its unparalleled roster of partners supporting our rapid acceleration.”