Phlair
Assembly Line
Phlair raises €14.5 million to scale hydrolyzer-based DAC tech
Phlair (formerly Carbon Atlantis), a company developing a hydrolyzer-based Direct Air Capture (DAC) technology which enables scalable and low-cost CO2 capture from ambient air, raised a €14.5 million seed round.
The financing round is led by Extantia Capital, with participation from Planet A and Verve Ventures and includes a €2.5 million grant from the EIC accelerator. Existing investors Atlantic Labs, Counteract, and UnternehmerTUM Funding for Innovators also participated in the oversubscribed round. The funding will be used to bring its first-of-a-kind Direct Air Capture plants online in 2025, delivering to a roster of early customers such as Shopify, Stripe, Klarna, and Deep Sky.