🏆 Deal of the Year · 2022
Climeworks raised $614,000,000 in a Private Equity round; the post-money valuation was not disclosed. The identities of the investors were not publicly announced alongside the raise. The round was recognised as Deal of the Year 2022, underscoring its significance within the CleanTech sector.
Climeworks — key deal facts
| Company | Climeworks |
| Founded | 2009 |
| Headquarters | Zürich, Switzerland |
| Amount raised | 614000000 |
| Valuation | Valuation Remains Undisclosed |
| Round | Private Equity |
| Sectors | CleanTech |
Who invested in Climeworks?
The investor syndicate behind this round has not been publicly disclosed. While specific names remain unavailable, the scale of the raise — $614 million — indicates participation by institutional capital with long-duration mandates suited to deep-tech climate infrastructure. No further detail on the investor composition can be confirmed from verified sources.
What does Climeworks do?
Climeworks AG is a Swiss CleanTech company founded in 2009 by Jan Wurzbacher and Christoph Gebald, both mechanical engineers and ETH Zurich alumni who spun the business out of their doctoral research on direct air capture. The company designs, builds, and operates large-scale direct air capture and sequestration (DACCS) facilities that extract CO₂ directly from ambient air and permanently store it underground. Its flagship commercial plants are named Orca and Mammoth, both located in Iceland and operated in partnership with geologic storage provider Carbfix. Climeworks is headquartered in Zürich, Switzerland, and sells carbon dioxide removal services to corporate and individual customers globally.
Climeworks valuation & multiples
No existing multiples analysis was provided for this deal. Because Climeworks operates in the CleanTech and carbon-removal infrastructure space, comparable transaction benchmarks are typically assessed using EV/Sales and EV/EBITDA ranges specific to that sector. Readers can explore relevant valuation reference points on the Venionaire DealMatrix CleanTech sector multiples pages.
Explore the benchmarks: CleanTech.
Frequently asked questions
How much did Climeworks raise in its Private Equity round?
Climeworks raised $614,000,000 in a Private Equity round, recognised as Deal of the Year 2022.
What is Climeworks's valuation?
The post-money valuation from this Private Equity round was not disclosed.
Who invested in Climeworks?
The investors in this round have not been publicly disclosed.
When was Climeworks founded and where is it based?
Climeworks was founded in 2009 and is headquartered in Zürich, Switzerland.
Source: original announcement — read the full report.