Cleantech pioneer LanzaTech has closed US$15 million in debt financing from a private investment firm in Silicon Valley.
Western Technology Investment (WTI)'s David Wanek says LanzaTech has developed an innovative approach to carbon capture and reuse that is already operating at scale.
“Its unique technology has the potential to have a real and significant
impact on the global fuels and chemicals market,” he said. “WTI is
excited to be joining LanzaTech on its journey to commercialisation and
we look forward to great things from them."
That completes LanzaTech’s current fundraising, according to chief executive Jennifer Holmgren, who said WTI had an outstanding reputation. She said LanzaTech will continue to invest its capital in research and development and to accelerate the commercialisation of its integrated fuels and chemicals platform.
Earlier this year, LanzaTech closed a US$55.8m Series C funding round
led by Malaysian Life Sciences Capital Fund, bringing total capital
raised to date to more than US$100 million.