Decarbonization Partners led a $69m funding round in Neustark

Decarbonization Partners, a partnership between BlackRock and Temasek, led a $69m funding round in Neustark, a carbon removal provider, with participation from Blume Equity. “With carbon capture, utilization and storage being one of our key investment focuses, we believe that we have found a perfect partner to help scale the industry – and ultimately its decarbonization impact – in the years to come. Neustark not only helps organizations integrate carbon removal to address their hard-to-abate emissions, but their solution also contributes to decarbonizing the construction industry,” Meghan Sharp, Decarbonization Partners Global Head & Chief Investment Officer.