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§ Private Profile · Santa Monica, CA, USA
Climate tech company developing Hybrid Direct Air Capture (HDAC) technology to remove atmospheric CO2 and produce water.
Founded in 2020 by CEO Will Kain, Avnos is a Los Angeles, California climate technology company developing hybrid direct air capture systems that remove atmospheric carbon dioxide while producing water. The organization operates a commercial pilot plant in Bakersfield, California, which is designed to capture 30 tons of carbon dioxide and generate 150 tons of water annually. The enterprise has raised over $100 million in total funding, including an $80 million multi-year financing package and a $36 million Series A round in 2024 to expand its 20-person workforce. Its venture capital and strategic corporate investors include prominent energy and aviation firms like ConocoPhillips, Shell Ventures, NextEra Energy Resources, and JetBlue Ventures. The business also secures additional non-dilutive capital through U.S. Department of Energy grants and collaborates with regional utilities like SoCalGas to accelerate carbon removal.
Avnos has raised $116.0M across 2 funding rounds.
Avnos has raised $116.0M in total across 2 funding rounds.
Avnos has raised $116.0M in total across 2 funding rounds.
Avnos's investors include Rick Clark, Envisioning Partners, Rusheen Capital Management, Florent Illat, Shell Ventures, Warwick King, Jim Lockheed, Brian Panoff.
Avnos has raised $116.0M across 2 funding rounds. Most recently, it raised $36.0M Series A in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 6, 2024 | $36M Series A | Rick Clark | Envisioning Partners, Rusheen Capital Management, Florent Illat, Shell Ventures | Announced |
| Jul 13, 2023 | $80M Venture Round | — | Warwick King, JIM Lockheed, Brian Panoff | Announced |