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Environment Tech Series A Founded 2021

Dioxycle

Dioxycle is a clean technology company developing electrified chemical manufacturing technology that converts carbon emissions (COx) into sustainable, virgin-quality drop-in chemicals. The company’s precisely designed electrolyzer uses catalytic cores powered by electricity to transform carbon dioxide into ethylene, the world’s most used organic chemical with a $200 billion annual market. The platform also produces…

📍 Paris, France · Air Pollution Management Tech,

Funding snapshot

Last roundSeries A
Amount$17M
Date25 July 2023
Total raised$17M
Team size44

About

Dioxycle is a clean technology company developing electrified chemical manufacturing technology that converts carbon emissions (COx) into sustainable, virgin-quality drop-in chemicals. The company’s precisely designed electrolyzer uses catalytic cores powered by electricity to transform carbon dioxide into ethylene, the world’s most used organic chemical with a $200 billion annual market. The platform also produces formic acid for animal nutrition, silage preservation, and pharmaceuticals, and sulfuric acid and caustic for critical mineral processing and fertilizer production. Dioxycle’s chemicals are identical to fossil-made equivalents, enabling seamless integration into existing supply chains, with cost parity or discount versus fossil prices achieved through unprecedented energy efficiency. The technology offers dual decarbonization by displacing fossil fuels while repurposing emissions as renewable carbon, potentially impacting over 1% of global emissions at scale. The company serves mining, energy infrastructure, pharmaceuticals, agriculture, and consumer goods industries. Founded in 2021 and headquartered in Paris, France, Dioxycle has raised approximately $17 million in Series A funding. Investors include Lowercarbon Capital, Breakthrough Energy, Gigascale Capital, Europa, Collab Fund, and Alchemist Accelerator.

Business model

Air Pollution Management Tech > Carbon Management > Carbon Capture > Carbon To Chemicals > BioTech,

Chemicals Tech > Green Chemicals > Acids > Formic Acid > Carbon Capture > Electrocatalysis

Team background

College Wise > University of Cambridge, Stanford University

Institutional investors

Lowercarbon Capital Breakthrough Energy Gigascale Capital Europa Alchemist Accelerator Collab Fund Thomas Clozel

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