D-CRBN closed a €17.5M Series A round led by Astaia. The Belgian firm also received participation from SFPIM and the European Innovation Council (EIC) Fund. Alongside the equity raise, the company is opening a secondary closing of up to €5M specifically for strategic industrial partners to support its commercial deployment phase.
The Antwerp-based startup develops electrified plasma technology to recycle CO2 and hydrocarbons into circular carbon molecules. Its process uses renewable electricity to convert captured off-gases into carbon monoxide and syngas. These serve as essential building blocks for the production of sustainable fuels, chemicals, and materials, providing an alternative to fossil-based feedstocks without generating carbon black as a byproduct.
The company, which previously secured a €2.5M EIC Accelerator grant in 2023, has already validated its technology through industrial pilot projects within the steel and chemical sectors. The new capital is earmarked for scaling the first industrial demonstration units and expanding its engineering and operations teams to accelerate the commercial rollout of its platform.
As European heavy industry faces increasing pressure to reach net-zero targets, deep-tech solutions that transform waste emissions into industrial value are becoming central to the continent’s climate strategy.
Originally reported by EU-Startups Daily.