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.

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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.

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Jason Slagle, Associate

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

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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.

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