Carbon Upcycling: Funding, Investors & Team (Sep 2026)

Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to convert CO2 emissions into value-add end materials by over a million times. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT recently launched a consumer brand called Expedition Air. CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as a winner of the X-Factor Award in the NRG COSIA Carbon XPRIZE. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition. CUT’s most advanced product is its CO2-embedded concrete additive. In 2018, CUT graduated from the LafargeHolcim Accelerator in France and has continued conversations and testing with the company since then. CUT is also partnered with Burnco and Cemex. CUT’s commercial demonstration at the Alberta Carbon Conversion Technology Centre produces over 20 tonnes of concrete additives in a day. The product reduces the carbon footprint of concrete manufacturing by up to 25% while increasing the compressive strength of concrete by up to 40%.

Carbon Upcycling has raised $34.5M across 3 rounds on record. The most recent is an undisclosed round of $10.0M announced in Apr 2026.

Carbon Upcycling's most recent funding round on record is an undisclosed round of $10.0M, announced in Apr 2026.

FundedIQ lists Apoorv Sinha (Founder), Markus Kritzler (Founder) at Carbon Upcycling.

Carbon Upcycling is based in Calgary, Alberta, Canada.

Carbon Upcycling is in the 11-50 employee band.

Carbon Upcycling's latest round of $10.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.