Carbon Direct Capital led a $76m Series C round in Syzygy Plasmonics.

Carbon Direct Capital, an investment company, led a $76m Series C round in Syzygy Plasmonics, a deep-decarbonization company, with participation from Aramco Ventures, Chevron Technology Ventures, LOTTE CHEMICAL, Toyota Ventures, EVOK Innovations, The Engine, Equinor Ventures, Goose Capital, Horizons Ventures, Pan American Energy, and Sumitomo Corporation of Americas. "Our mission is to decarbonize chemical and fuel production. Syzygy's aim is to achieve 1 gigaton of carbon emissions reductions by 2040, and the Series C financing is a key milestone in building towards that goal. Closing this fundraising round with such strong support from financial and strategic investors and with commercial agreements in hand is a signal to the market. Forward-thinking companies have moved beyond setting decarbonization goals to executing on them. Syzygy is unique in that we are developing low-cost, low-carbon solutions to offer across multiple industries," Trevor Best, Syzygy Plasmonics CEO and Co-Founder.