Carbon, Capture

Mission Zero Technologies (MZT), a UK-based direct air capture (DAC) technology startup announced today the close of its USD $5M seed financing round with investment from Breakthrough Energy Ventures (BEV) and Anglo American.

12.05.2022 - 14:30:32

UK Carbon Capture Startup MZT Closes USD $5M Fundraise Led by Breakthrough Energy Ventures. MZT will use the new investment to expand and accelerate its scale-up R&D activities and business operations, and to support its delivery of both the designed 120 tons/year pilot plant and a subsequent planned first commercial project. As part of the current round, the company welcomes two experienced additions as Board members: Dr Mark Hartney from BEV and Mark Freed from Anglo American to provide expert steering for the company’s rapid growth.

missionzero.tech/careers-active.

About Mission Zero Technologies

Based in London, UK, Mission Zero is a young and exciting DAC startup with a patent-pending breakthrough technology and is on a mission to close the carbon cycle. Since its incorporation in the summer of 2020 by spinning out from DSV, the company has won various accolades and been featured on multiple shortlists including the 2020 Diamond List. The company is currently developing its first pilot for launch in 2023 in Thetford, UK, in partnership with O.C.O Technology.

About Breakthrough Energy Ventures

Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.

BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives: https://www.angloamerican.com.

About Deep Science Ventures

Deep Science Ventures is creating a future where humanity and the planet thrive, combining available scientific knowledge and founder-type scientists into high-impact ventures. Deep Science Ventures operates in 4 sectors: Agriculture, Computation, Energy and Pharmaceuticals, tackling the challenges defining those areas by taking a first-principles approach and partnering with leading institutions. Visit https://deepscienceventures.com to learn more.

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