Mitico Secures $4.3M to Scale Industrial Carbon Capture Technology

Carbon capture startup Mitico has raised $4.3 million in seed funding to pilot and scale its innovative CO2 capture technology, which targets industrial point-source emissions.

A Game-Changer for Industrial Decarbonization

Founded in 2022, California-based Mitico offers carbon capture, utilization, and storage (CCUS) solutions for industries emitting high levels of CO2. The company’s granulated metal carbonate sorption technology, developed at Caltech, can capture 95% of CO2 while using less energy and lowering costs compared to existing methods.

Mitico has already secured two paid pilot projects for 2025 deployment, with this new funding set to accelerate commercialization.

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Investor Backing & Market Potential

The funding round was led by Exergon, an energy decarbonization fund managed by Audacia, with support from:

• Gore Ventures (W. L. Gore & Associates)
• AP Ventures
• Halliburton Labs
• SOSV
• Freeflow Ventures
• SoCal Alliance for Innovation
• Deepbright Ventures (Hello Tomorrow)

Mitico CEO Clément Cid emphasized the breakthrough nature of their solution:

“This funding marks a critical milestone in our mission to make industrial carbon capture not just possible, but economically viable at commercial scale.”

Scaling Industrial Carbon Capture

Vincent Brillault, Managing Partner at Exergon, highlighted Mitico’s potential:

“Capturing CO2 at the source is essential for decarbonizing hard-to-abate industries. Mitico’s technology stands out for its scalability, simplicity, and entrepreneurial spirit.”

With industrial emissions remaining a major climate challenge, Mitico’s cost-effective carbon capture solution could be a key player in global decarbonization efforts.

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