The DAC startup has already sold a number of carbon credits to organizations like Frontier, which works with Alphabet, Meta, Shopify, Stripe, and others to create an advanced market commitment for direct air capture.
To help complete the larger projects, Phlair has raised a €12 million seed round along with a €2.5 million grant from the EU’s EIC Accelerator. Exantia Capital led the investment round with Atlantic Labs, Counteract, Planet A, UnternehmerTUM Funding for Innovators, and Verve Ventures participating.