NEON advises Earlybird on $3.5 million financing round of Greenlyte

15 March 2023 | NEON has advised Earlybird-X on the $3.5 million pre-seed financing round of Greenlyte Carbon Technologies.

The Essen-based CleanTech startup Greenlyte was founded in 2022 by Florian Hildebrand, Dr. Niklas Friedrichsen and Dr. Peter Behr and is developing a particularly energy-saving process in which CO2 can be removed from the atmosphere, converted into green hydrocarbon and ultimately reused as fuel.

In addition to lead investor Earlybird, Green Generation Fund, Carbon Removal Partners and several business angels, including the co-founder of 1Komma5°, Philipp Schröder, also participated.With the fresh capital, the Greenlyte team plans to build a pilot plant this year, with the goal of proving the favorable energy balance and starting with a pilot industrial customer next year.

Background:

NEON continuously advises Earlybird on investments (most recently on eleQtron’s € 50 million financing round) and was able to further strengthen and expand the client relationship.