NEON advises Earlybird on € 10.5 million pre-Series A financing round of Greenlyte

6 March 2024 | NEON has advised Earlybird on €10.5 million pre-Series A financing round of Greenlyte Carbon Technologies.

The financing round was co-led by Earlybird and Green Generation Fund, with additional participation from Carbon Removal Partners and Partech. This investment marks a significant milestone for Greenlyte, a startup specializing in Direct Air Capture (DAC) technology aimed at reducing atmospheric CO2 levels.

Founded to combat climate change, Greenlyte focuses on scalable, efficient carbon removal solutions. The funds will accelerate technology development, expand the team, and reduce costs. This investment highlights the growing interest in innovative climate tech solutions and underscores Greenlyte’s potential to make a substantial impact on global sustainability efforts.

Background:

NEON, recognized for its in-depth expertise in advising on financing rounds, played an important role in guiding Earlybird through Greenlyte’s € 10.5 million financing round. NEON ensured a smooth transaction, leveraging their deep understanding of the venture capital landscape.