Finnish sustainability-driven enterprises, One Click LCA and Carbo Culture, have clinched substantial funding rounds. One Click LCA, securing a 40 million euro investment, is set to propel its global expansion and establish itself as the leading end-to-end sustainability software platform for the construction and manufacturing sectors. Simultaneously, Carbo Culture, concluding an 18-million-euro funding round led by PSG Equity and InfraVia Capital Partners, is gearing up to advance its groundbreaking carbon removal technology.
In a remarkable development for sustainability-focused endeavors, Finnish companies One Click LCA and Carbo Culture have successfully secured significant funding rounds, propelling their eco-friendly initiatives to new heights. With a substantial 40 million euro investment, One Click LCA, headquartered in Helsinki, is gearing up for an expansive global presence and aims to emerge as the premier end-to-end sustainability software platform for the construction and manufacturing sectors. Concurrently, Carbo Culture, concluding an 18-million-euro funding round led by PSG Equity and InfraVia Capital Partners, is poised to advance its pioneering carbon removal technology.
Helsinki-based One Click LCA has strategically earmarked the 40 million euro investment to accelerate its global expansion, streamline solutions delivery, intensify research and development efforts, and bolster marketing and advertising initiatives. The overarching goal is to position itself as the definitive sustainability software platform, connecting the entire construction value chain. The platform is designed for science-based measurement, reporting, and reduction of carbon dioxide emissions. Already offering support to numerous construction and manufacturing companies in over 150 countries, including industry giants such as AECOM, Foster+Partners, Saint-Gobain, and Skanska, One Click LCA aims to play a pivotal role in the critical decarbonization of the construction and manufacturing sectors.
Panu Pasanen, CEO of One Click LCA, stressed the urgency of scaling up actions to address the anticipated surge in embodied carbon, given the projection of the global building stock doubling in the next 40 years. The substantial investment from PSG Equity and InfraVia Capital Partners positions One Click LCA to lead the way in sustainable initiatives within these industries.
In a parallel move, Carbo Culture, also based in Helsinki, successfully concluded an 18-million-euro funding round, with PSG Equity and InfraVia Capital Partners at the forefront. This significant funding infusion is earmarked to advance Carbo Culture’s carbon removal technology, which is rooted in plant-based photosynthesis and solar power. The technology utilizes patented reactors to convert waste biomass into biochar, a stable and inert substance capable of long-term carbon storage.
Carbo Culture’s innovative approach leverages both nature and technology to produce biochar with superior carbon-sequestration capabilities. Frederick Teo, CEO of GenZero, highlighted that the process locks a greater amount of carbon in each unit of biochar and stores it more durably than conventional production methods. Importantly, the proprietary technology avoids the production of bio-oil, resulting in higher yields of clean synthesis gas from waste biomass, which can be utilized to generate renewable electricity and heat.
Carbo Culture has already achieved a significant milestone by establishing one of Europe’s largest carbon-removal plants, R3. The plant is expected to sequester 3,000 tonnes of carbon dioxide annually, equivalent to the emissions of 1,500 combustion-engine cars. The successful funding round positions Carbo Culture to advance its mission of deploying sustainable solutions that address carbon emissions and contribute to a greener future.
In conclusion, the substantial funding secured by One Clicks LCA and Carbo Culture not only underscores the rising momentum of sustainable practices in Finland but also signifies a broader global commitment to prioritizing environmentally conscious initiatives and technologies.