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[Funding News] CO-based Travertine Raises $8.5M in Funding

Travertine Technologies, raised $8.5 million financing to commercialize a novel electrochemical platform that enables carbon-negative production of fertilizer and critical elements like lithium and nickel while eliminating chemical waste. The financing was co-led by Holcim MAQER Ventures, with participation from the Grantham Foundation for the Protection of the Environment and venture capital firms Clean Energy Ventures and Bidra Innovation Ventures.

Travertine Technologies, raised $8.5 million financing to commercialize a novel electrochemical platform that enables carbon-negative production of fertilizer and critical elements like lithium and nickel while eliminating chemical waste. The financing was co-led by Holcim MAQER Ventures, with participation from the Grantham Foundation for the Protection of the Environment and venture capital firms Clean Energy Ventures and Bidra Innovation Ventures.

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In addition to funding, Travertine will benefit from access to Holcim’s large network of global operations and longstanding technical expertise in everything from material science to carbon capture and beyond. Travertine partner with mining and fertilizer operations around the world to produce carbon-negative and zero waste lithium, nickel, and phosphate fertilizers.

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“The global energy transition is driving huge demand growth for critical elements such as lithium, copper, and phosphorus, as well as the sulfuric acid needed to extract and refine them,” said Laura Lammers, PhD, founder and CEO of Travertine. “Travertine maximizes value and brings circularity to these processes. Partnering with major industrial leaders like Holcim is critical to building a new decarbonized economy at scale.”

Travertine is working to scale the Travertine Process for electrolytic chemical upcycling, no-waste critical element extraction, and permanent carbon dioxide removal. We are inspired by natural rock weathering and mineralization, which is the way the Earth removes gigatons of CO2 from the atmosphere, locking it up for millions of years. Travertine is based in Boulder, CO, USA with a team of engineers and scientists dedicated to scaling practical solutions to climate change.

About Travertine

Founded in 2022, by Laura Lammers, PhD, a former professor of geochemistry at the University of California, Berkeley and the Lawrence Berkeley National Lab, and leading expert in carbonate mineralization. Travertine is a carbon dioxide removal and critical element production company based in Boulder, CO. We are building a cost-effective gigaton-scale CDR solution that co-produces sulfuric acid and green hydrogen to enable sustainable critical element production.

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