Temasek leads $75m Series D funding in Canadian carbon capture firm Svante

People tend to vegetables growing in a field as emission rises from cooling towers at a coal-fired power station in Tongling, Anhui province, China, on Wednesday, Jan. 16, 2019. Photographer: Qilai Shen/Bloomberg

Canadian carbon capture company Svante announced raising $75 million in its Series D equity financing round led by Singapore state investor Temasek.

The funding round, which Svante said is the largest private investment into point source carbon capture globally to date, was also participated by Chart Investors, Carbon Direct and Export Development Canada, and the firm’s existing investors.

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