D-CRBN closes €17.5m Series A led by Astaia
- €17.5 million Series A closed, led by Astaia with participation from SFPIM and the EIC Fund.
- Proceeds to scale industrial demonstration units, expand engineering and operations, and move from pilot validation to initial commercial deployments.
- D-CRBN’s electrified plasma technology converts CO₂-rich off-gases and hydrocarbons into carbon monoxide and syngas.
- Limited secondary closing of up to €5 million open to select strategic industrial partners under the same terms.
Deal overview
D-CRBN closed a €17.5 million Series A investment round led by Astaia, with participation from the Federal Holding and Investment Company (SFPIM) and the European Innovation Council (EIC) Fund. In parallel the company opened a limited secondary closing of up to €5 million for selected strategic industrial partners under the same terms.
Technology and validation
The company develops electrified plasma reactors that use renewable electricity to recycle CO₂-rich off-gases and hydrocarbons into carbon monoxide and syngas, feedstocks for sustainable fuels, chemicals and materials. The technology has been validated at industrial pilot scale with partners in the steel and chemicals sectors, and several demonstration projects are advancing toward commercial deployment.
Use of proceeds
Proceeds will fund the scale-up of D-CRBN’s first industrial demonstration units, expand engineering and operations teams, and accelerate the commercial rollout of its CO₂-to-CO and syngas platform to transition pilots to initial industrial deployments.
Investor rationale
Astaia framed the investment as long-term, EU-aligned support for scalable industrial decarbonisation platforms. SFPIM emphasised strategic autonomy and supply security, while the EIC Fund highlighted deep tech’s role in converting emissions into value. D-CRBN previously received a €2.5 million EIC Accelerator grant in 2023.
Source: D-CRBN
