OCOchem Raises $5 Million in Seed Funding Led by TO VC
RICHLAND, Wash., Nov. 15, 2023 /PRNewswire/ -- Carbon conversion startup OCOchem has raised $5 million in Seed funding from lead investor TO VC. INPEX Corp. (IPXHF.NaE), the LCY Lee Family Office, and MIH Capital Management also participated in the round. These investors join Halliburton Labs, Halliburton Company's (NYSE: HAL) energy and climate tech accelerator, which has been supporting OCOChem's scaling since 2021.
- The climate tech company's innovation converts CO2 and water into sustainable platform molecules for use in agriculture, energy, and transportation
RICHLAND, Wash., Nov. 15, 2023 /PRNewswire/ -- Carbon conversion startup OCOchem has raised $5 million in Seed funding from lead investor TO VC . - OCOchem will use the newly raised funds to scale its modular carbon conversion technology to industrial proportions and build a pilot plant for commercial demonstration operations.
- OCOchem is at the forefront of that transition, reframing the thinking around CO2 and producing something vital from it.
- TO VC is proud to be partnering with OCOchem to make its mission of keeping fossil fuels in the ground a reality."