Kenya’s Octavia Carbon Secures USD 3.9 M Seed Funding

Cleantech startup Octavia Carbon has raised USD 3.9 M in a seed funding round co-led by Lateral Frontiers and E4E Africa, with participation from Catalyst Fund, Launch Africa, Fondation Botnar, and Renew Capital. This funding will enable the company to launch Project Hummingbird, the first Direct Air Carbon Capture (DAC) + Storage facility in the Southern Hemisphere, set to go live by December this year.

Founded in 2022 by Martin Freimüller and Duncan Kariuki, Octavia Carbon builds and deploys DAC machines in Kenya. The startup aims to position Kenya as the most cost-effective location globally for permanent CO2 removal by 2025.