Carbon transformation startup Twelve has raised $57 million in Series A funding from lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Seed round lead DCVC, as well as Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, and Evok Innovations also participated in the round.

Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we're on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.