Mitico, a pioneering carbon capture technology company, announced today that it has raised $4.3 million in seed funding to scale its innovative granulated metal carbonate sorption technology, which captures carbon dioxide (CO2) emitted from industries. The round led by Exergon, an energy decarbonization fund managed by Audacia, was significantly oversubscribed. Joining Exergon, a consortium of forward-thinking financial and industrial investors such as Gore Ventures (W. L. Gore & Associates), AP Ventures, Halliburton Labs, SOSV, Freeflow Ventures, the SoCal Alliance for Innovation, and Deepbright Ventures (Hello Tomorrow).

Mitico is a carbon capture technology company developing advanced solutions to reduce industrial carbon dioxide emissions. Leveraging a breakthrough granulated metal carbonate sorption technology developed at Caltech, the company provides cutting-edge carbon capture, utilization, and storage services to industrial point source customers.