Company Overview
Snapshot
Founded in June 2021 by Kostya Varakin, CO2SaaS operates with 1–10 employees. The company is currently in the Pre-Funding stage, focusing on developing its core technology for CO2 sequestration.
Business overview
CO2SaaS specializes in carbon capture and sequestration by extracting CO2 from seawater using a process that mimics oil creation. The company cultivates microalgae in closed pond systems, which consume CO2 from both air and seawater. This algae then sinks, effectively sequestering the CO2 it contains. CO2SaaS targets the B2B market within the Climate Tech sector, specifically focusing on Carbon Capture, Storage, Sequestration, and Utilization, as well as Material Innovations & Applications.
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- What is CO2SaaS's core technology?
- CO2SaaS utilizes microalgae grown in closed ponds to extract and sequester CO2 from seawater and air, mimicking a natural carbon cycle process.
- When was CO2SaaS founded and by whom?
- CO2SaaS was founded in June 2021 by Kostya Varakin.
- What markets does CO2SaaS serve?
- CO2SaaS primarily serves the B2B market, focusing on industries requiring carbon capture, storage, sequestration, and utilization solutions.
- What is the primary sector of CO2SaaS?
- CO2SaaS operates within the Health Tech & Life Sciences sector, with a strong focus on Climate Tech, specifically Carbon Tech.
- What is the current product stage of CO2SaaS?
- CO2SaaS is currently in the Customer Development product stage.