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, a process designed to resemble natural oil creation.
- When was CO2SaaS founded?
- CO2SaaS was founded in June 2021.
- Who is the founder of CO2SaaS?
- Kostya Varakin is the founder of CO2SaaS.
- What is the primary sector of CO2SaaS?
- CO2SaaS operates primarily in the Health Tech & Life Sciences sector, with a focus on climate tech and carbon capture solutions.
- What is the current funding stage of CO2SaaS?
- CO2SaaS is currently in the Pre-Funding stage, indicating it has not yet raised external capital as of May 2024.