Avnos secures $36 million in series A funding

Safran Corporate Ventures has invested in Avnos Inc, a California-based startup specialising in a C02-capture method called Direct Air Capture (DAC). Safran is joined in this Series A funding round by NextEra Energy Resources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Partners and Rusheen Capital Management; raising a total of $36 million. Avnos is pioneering a process it calls Hybrid Direct Air Capture (HDAC), consisting of capturing the low concentrations of C02 in ambient air. This approach ‘significantly reduces the energy used in the DAC process and, unlike other technologies, does not consume any water,’ explains Safran. Using proprietary