Nordic-Dutch startup Paebbl has raised €22.8 million in a Series A funding round to scale its innovative approach to carbon capture. The company transforms captured CO2 into permanent, carbon-storing building materials, positioning the construction industry as a key player in combating climate change. The funding round was led by Capnamic, with participation from Amazon’s Climate Pledge Fund, Holcim, and other European industrial family offices.
Founded in 2021, Paebbl focuses on turning CO2 into usable materials for construction, aiming to create large-scale carbon removal solutions within the next decade. The company has already progressed from lab tests to producing 250kg of CO2-storing material daily, with plans to commission a demonstration plant in 2025. This facility will increase production capacity tenfold, enabling Paebbl to sequester up to one ton of CO2 per day.
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Partnering with Industry Leaders
The partnerships with major companies like Amazon, Holcim, and Goldbeck aim to accelerate the adoption of carbon-storing building materials. Co-founder and co-CEO Andreas Saari emphasized that the built environment could become a powerful carbon sink, helping to mitigate the effects of climate change. The company’s rapid development, moving from bench to pilot production in less than 18 months, showcases its ability to scale quickly.
Expanding Operations
With the fresh funding, the startup plans to expand its existing hubs in Helsinki, Rotterdam, and Stockholm, and open a new hub in the UK. The company aims to be a cornerstone in the decarbonization of the construction sector, using nature-inspired and tech-enabled processes to lead the way in sustainable building.
