44.01

Investors: Nysno Climate Investments, Jasoor Ventures

$5M Series A extension from Nysnø and Jasoor, taking the Series A to $42M total. The earlier $42M figure was the cumulative Series A.

Lead: Equinor Ventures

Investors: Equinor Ventures, Shorooq Partners, Air Liquide Venture Capital, Alumni Ventures, Air Liquide Venture Capital (ALIAD), Amazon Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens Financial Services, Sumitomo Corporation, Breakthrough Energy Ventures

Climate tech (carbon mineralisation), founded 2020 by Talal Hassan, Ehab Tasfai, Karan Khimji. | Led by Equinor Ventures 'with Shorooq Partners'; Shorooq calls it its first lead investment in climate tech. | CO2 mineralisation in peridotite; company spokesperson quoted. | Breakthrough Energy... Date is the article date. Also: https://www.arabnews.com/business/mena-startup-funding-soars-206-to-355m-in-july-2567222 https://www.shorooq.com/perspectives/2024-shorooqs-year-of-investments-and-milestones https://www.wamda.com/2024/07/oman-climatetech-4401-closes-37-million-series-a-round https://www.muscatdaily.com/2024/07/15/omani-carbon-capture-startup-raises-37mn/ https://www.omanobserver.om/article/1156350/business/energy/4401s-37m-series-a-funding-a-leap-forward-in-global-co2-mineralisation Confidence: confirmed (round 13, Arab News).

Lead: The Earthshot Prize

Investors: The Earthshot Prize

Winner of the 2022 Earthshot Prize, 'Fix Our Climate' category (ceremony 2 Dec 2022, Boston). The Earthshot Prize award is £1 million per winner; GBP is not a pegged currency so amount is left null rather than converted. The prize page describes the money funding R&D, lab/field tests and the first UAE project. Also: https://tech.eu/2024/07/15/4401-completes-37m-series-a-investment-round/ Confidence: confirmed (round 13, The Earthshot Prize).

Lead: XPRIZE Foundation

Investors: XPRIZE Foundation

XPRIZE Carbon Removal $1M Milestone Award to Project Hajar, a joint project of 44.01 and UK-based Mission Zero Technologies; how the $1M was split between the two companies is not published. Also: https://www.omanobserver.om/article/1118145/business/energy/oman-uk-carbon-removal-project-wins-elon-musk-backed-milestone-award https://www.missionzero.tech/lab-notes/project-hajar-wins-xprize Confidence: confirmed (round 13, Business Wire).

Lead: Apollo Projects

Investors: Apollo Projects, Breakthrough Energy Ventures, Omani family investors, European environmental organisations

Apollo Projects is Max and Sam Altman's early-stage fund. TechCrunch mentions 'small investments from families in Oman and European environmental organizations' without naming them. Confidence: confirmed (round 13, TechCrunch).