FundedIQ
Energy

Twelve: Funding, Investors & Team (Sep 2026)

Twelve is the carbon change organization, another sort of substance organization worked for the environment time. We make fundamental items from air, not oil. Our noteworthy innovation kills discharges by changing CO2 into basic synthetic substances, materials and energizes that today are produced using petroleum derivatives. We call it carbon change, and it essentially changes how we can address environmental change, lessen discharges and opposite the carbon lopsidedness. Reevaluating being a synthetic organization, we're determined to establish an environment positive world and a fossil free future through the force of science. The organization is situated in Berkeley, California.

www.twelve.co LinkedIn Berkeley, United States 101-250 employees
Chemical Environmental Consulting Fuel Oil and Gas
Total raised
$232M
Rounds
5
Latest
Undisclosed round
May 2025

Twelve has raised $232M across 5 funding rounds on record, the most recent an undisclosed round announced in May 2025.

Twelve Company Profile and Key Stats

Total funding raised
$232M
across 5 rounds on record
Funding rounds on record
5
2 with no disclosed amount
Latest funding round
Undisclosed round
May 2025
Employees
101-250
reported band
Headquarters
Berkeley, United States

Latest funding round on record: May 2025.

Twelve Funding Rounds

Date
Round
Amount
Undisclosed round
Undisclosed
Undisclosed round
Undisclosed
Undisclosed round
$45.0M
Series B
$130M
Series A
$57.0M

2 of 5 rounds were announced without a disclosed amount and are excluded from the total.

Twelve raised $57.0M in a Series A announced in Jul 2021.

11 months later, a Series B of $130M was announced in Jun 2022.

2.2 years later, an undisclosed round of $45.0M was announced in Aug 2024.

7 months later, an undisclosed round was announced in Mar 2025 with no disclosed amount.

2 months later, an undisclosed round was announced in May 2025 with no disclosed amount.

Twelve Founders and Leadership Team

Name
Role
Contact
Etosha Cave
Founder
Locked
Nicholas Flanders
Founder
Locked

Contact details for the Twelve team: 2 of 2 have an email address on file.

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Twelve Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
29,722
$7.5M

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Twelve Funding FAQs

What does Twelve do?

Twelve is the carbon change organization, another sort of substance organization worked for the environment time. We make fundamental items from air, not oil. Our noteworthy innovation kills discharges by changing CO2 into basic synthetic substances, materials and energizes that today are produced using petroleum derivatives. We call it carbon change, and it essentially changes how we can address environmental change, lessen discharges and opposite the carbon lopsidedness. Reevaluating being a synthetic organization, we're determined to establish an environment positive world and a fossil free future through the force of science. The organization is situated in Berkeley, California.

How much funding has Twelve raised?

Twelve has raised $232M across 5 rounds on record.

When did Twelve last raise funding?

Twelve's most recent funding round on record was announced in May 2025. The amount was not disclosed.

Who founded Twelve?

FundedIQ lists Etosha Cave (Founder), Nicholas Flanders (Founder) at Twelve.

Where is Twelve headquartered?

Twelve is based in Berkeley, California, United States.

How many employees does Twelve have?

Twelve is in the 101-250 employee band.

About FundedIQ's Twelve Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Twelve is left off this page rather than filled in.

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