Loading organizations...
Verdox has raised $80.0M across 1 funding round.
Key people at Verdox.
Verdox was founded in 2019 by Brian Baynes (Founder and CEO).
Verdox has raised $80.0M in total across 1 funding round.
Verdox develops advanced carbon capture and removal technology utilizing an electrochemical process. The company’s core product captures and releases carbon dioxide using only electrical energy, significantly reducing the high energy consumption associated with conventional thermal-swing methods. This proprietary approach eliminates the need for heating and cooling cycles, resulting in substantially lower energy use and improved efficiency for CO2 capture directly from the air and industrial emissions.
The company was co-founded in late 2019 out of MIT by Dr. Brian Baynes, Professor T. Alan Hatton, and Dr. Sahag Voskian. Their insight stemmed from the limitations of existing carbon capture solutions, which were often energy-intensive and not scalable enough to address global emissions. The founders leveraged their deep expertise in electrochemistry and chemical engineering to devise a more efficient and practical method for carbon removal.
Verdox serves industrial clients and others seeking scalable and cost-effective solutions for greenhouse gas mitigation. The company's vision is to make widespread carbon capture and removal a reality, empowering industries to achieve decarbonization goals. By providing an efficient pathway to remove CO2, Verdox aims to contribute significantly to climate change efforts through industrial-scale deployment of its technology.
Verdox has raised $80.0M across 1 funding round. Most recently, it raised $80.0M Series U in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2022 | $80M Series U | — | Breakthrough Energy Ventures | Announced |
Key people at Verdox.
Verdox is a climate tech company developing scalable, energy-efficient carbon capture technology using a patented electroswing adsorption (ESA) platform that captures CO₂ from industrial emissions and ambient air with up to 70-80% less energy and cost than conventional methods.[1][2][3][4][5][6][7] Founded in late 2019 as an MIT spinoff, it serves hard-to-abate industries like energy, manufacturing, aluminum production, and transportation by providing modular, fully electric systems that operate across CO₂ concentrations, from direct air capture (DAC) at ~400ppm to point-source emissions up to 5%.[1][3][7][8] The technology eliminates heating/cooling losses, uses just 1.5 GJ per ton of CO₂, and enables CO₂ repurposing into valuable products, supporting net-zero goals and a circular economy.[1][3][7]
Verdox solves the problem of inefficient, high-energy carbon removal that limits industrial decarbonization, offering grid-agnostic deployment with net emission reductions even on conventional power.[3][7] Backed by investors like Bill Gates and Norsk Hydro, it has raised $80M and holds over 20 patents, showing strong growth momentum toward commercialization.[3]
Verdox emerged in late 2019 from MIT research, founded by Dr. Brian Baynes (CEO), Dr. Sahag Voskian (CTO), and Prof. T. Alan Hatton (Scientific Advisory Board), who developed the core electroswing adsorption technology in academic labs.[2][4][5] The idea stemmed from MIT innovations in electrochemical processes for CO₂ capture, addressing flaws in traditional solvent-based systems that waste energy on thermal swings.[1][3][7] Early traction came from patenting the tech (over 20 granted) and spinning out via MIT's Technology Licensing Office, which transforms discoveries into commercial solutions for climate stabilization.[2][3]
Pivotal moments include securing investments from high-profile backers like Bill Gates and Norsk Hydro—after Hydro vetted 50+ technologies and selected Verdox for low-concentration capture in aluminum production—and raising $80M to scale the platform.[3] By 2022, it was highlighted in reports like "Eight DAC companies to watch," marking its rise in the carbon removal space.[3]
Verdox rides the DAC and point-source carbon capture wave, critical as global net-zero targets demand scalable removal amid rising emissions from hard-to-abate sectors like aluminum, cement, and steel.[1][3][8] Timing aligns with policy pushes (e.g., carbon credits, sustainability mandates) and market forces like cheap renewables, making low-energy electric tech viable where thermal methods fail.[2][3][7] It influences the ecosystem by partnering with majors like Norsk Hydro for industrial integration and enabling CO₂ markets for eFuels, greenhouses, and mineralization—accelerating climate tech commercialization via MIT's tech transfer model.[2][3][8]
Verdox is poised to lead electric carbon removal, with commercialization ramping via $80M funding and pilots in aluminum and beyond.[3] Next steps include refining efficiency, expanding modular production, and targeting DAC/point-source hybrids amid falling electricity costs and carbon pricing.[1][7][8] Trends like AI-optimized processes and CO₂ utilization will amplify its edge, potentially evolving it into a platform for multi-gas capture (SOx, NOx) and enclosed-space applications.[6][8] As industries race for net-zero, Verdox's solvent-free scalability positions it to transform CO₂ from liability to asset, pioneering the net-zero future it set out to build.[1][3]
Verdox was founded in 2019 by Brian Baynes (Founder and CEO).
Verdox has raised $80.0M in total across 1 funding round.
Verdox's investors include Breakthrough Energy Ventures.
