Ebb Carbon’s $20 Million Series A is Advised by Wilson Sonsini

Ebb Carbon’s $20 Million Series A is Advised by Wilson Sonsini

Ebb Carbon’s $20 Million Series A is Advised by Wilson Sonsini

Ebb Carbon, an ocean-based carbon dioxide removal (CDR) company founded by former Tesla, SolarCity, and Google X executives, announced a $20 million Series A on April 20, 2023, to develop and deploy its technology, which accelerates and stores CO2 from the atmosphere. Prelude Ventures and Evok Innovations led two $20 million Series A closures. March 2023 saw the second closing at a higher valuation. This brings the amount raised to $23 million, including a $3 million seed round. Congruent, Grantham, and Incite are Ebb investors. Ebb Carbon was represented by Wilson Sonsini Goodrich & Rosati.

Pasted image 0

Scott A. Zimmermann, Partner

The $20 million Series A financing is the largest investment in ocean-based carbon dioxide removal technology. With this funding, Ebb will install its first systems—a 100-ton CO2 removal system in 2023 and a 1,000-ton system soon after.

Pasted image 0

Jason Slagle, Associate

Scott Zimmermann, Jason Slagle, Karli McConnell, Angela Chan, and Kristy Strohm represented Ebb at Wilson Sonsini.

Pasted image 0

Karli McConnell, Associate

For further information, visit Ebb Carbon’s press release.

For detailed information, as well as the picture copyright, please see the law firm’s original article here: Wilson Sonsini Advises Ebb Carbon on $20 Million Series A.

More news

Trending news

On June 1, 2023, the European commercial law company Fieldfisher opened a new office in Vienna, the capital of Austria.
$1.33 Billion Credit Facilities for Concentrix Corporation Cravath represented the administrative agent, joint lead arranger, and joint bookrunner in the
Maples Group Expands Fiduciary Services Team in Jersey The Maples Group is happy to announce the addition of two experienced
Fried Frank advises Deutsche Bank’s London Headquarters sale Fried Frank represented the seller in the City’s largest post-Covid transaction, Winchester
Latin American and Caribbean Regional Agreement on Environmental Information, Public Participation, and Justice. Environmental Law & Climate Change Department report
Eisenführ Speiser collaborates with IP office Rüter. Eisenführ Speiser will partner with Rüter’s IP office on May 1, 2023. Nora
SevenVentures receives food startup advice from SZA Schilling, Zutt & Anschütz. KoRo SZA Schilling, Zutt & Anschütz partner Dr. Oliver
Hubert Burda Media and FUNKE-Verlag breakthrough Our antitrust team approves Burda-Funke marketing collaboration. The publishers call the agreement forward-looking since
Global Competition Review awards Michael Hausfeld Lifetime Achievement Michael Hausfeld, Hausfeld’s Chair Emeritus, received a Lifetime Achievement Award at Global