DCVC led a $130m Series B funding round in Twelve.

DCVC, a venture capital firm, led a $130m Series B funding round in Twelve, a carbon transformation company, with participation from Capricorn Technology Impact Fund, Carbon Direct Capital Management, Breakout Ventures, Munich Re Ventures, Elementum Ventures, Microsoft Climate Innovation Fund and Chan Zuckerberg Initiative. “As more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelve’s to rapidly green supply chains and corporate travel to reduce emissions at scale. Since leading Twelve’s seed round in 2018, we’ve only become more confident that their technology offers businesses a critical solution for not just offsetting emissions, but eliminating them," Zachary Bogue, DCVC Managing Partner.