Future Positive and Lowercarbon Capital led a $150m Series B round in Heirloom.

Private equity firms Future Positive and Lowercarbon Capital led a $150m Series B round in Heirloom, a direct air capture company, with participation from Japan Airlines, Mitsubishi Corporation, Mitsui & Co., MOL Switch, Quantum Innovation Fund, Siemens Financial, Ahren Innovation Capital, Breakthrough Energy Ventures, Carbon Direct Capital and MCJ Collective. "This funding reinforces our core belief: that DAC can only scale effectively to combat climate change if it is affordable. Heirloom’s technology has several unique features that enable our low cost-floor, and I look forward to sharing more details on these in coming months. But for now, I want to take a moment to thank you all for being part of our journey. We have a clear path to becoming the most cost-effective DAC solution, and we’re thrilled to scale up and make a significant impact in the fight against climate change," Shashank Samala, Heirloom CEO.