CarbonQuest announced that it closed its $20 million funding round, led by Riverbend Energy Group, with additional funding from two institutional investors. The company built on its 2024 fundraise, securing new capital from Energy Capital Ventures (ECV) and Aligned Climate Capital to add to the capital raised with Riverbend Energy Group.

CarbonQuest announced the initial closing on its Series A funding from Riverbend Energy Group. The funding will enable CarbonQuest to offer its Distributed Carbon Capture™ technology to a broader range of carbon emitters and accelerate market penetration of its cost-effective and economically viable solution.