SMRK Invested In A Ukrainian Startup, Carbominer

A Ukrainian project, Carbominer, has raised a seed investment from Ukrainian SMRK VC Fund, a member of UVCA. The company does not disclose its valuation and the amount of funding raised.

Carbominer is a hardware startup, which develops technology to produce carbon dioxide (CO2) from open air.

The founders of the startup are Mykola Oseiko and his daughter Viktoria. Mykola has over 25 years of experience in finance and HR, and Viktoria has 3 years of experience in digital marketing.

Last year, the startup won the national final of ClimateLaunchpad and then entered the world’s top 16 projects of this contest in Amsterdam.

The startup is going to use the raised funds to create industrial modular units for CO2 capture using its technology, as well as to expand the team. Currently, the company recruits production workers.

Carbominer plans to produce the first units of equipment and place them for testing in greenhouses by the end of 2020.

The company is also looking for partners to enter Western markets. First of all, the company is interested in Spain, Holland, Turkey, and other countries with a developed greenhouse industry.

We got to know the startup and were very inspired by its technology to capture CO2 directly from the open air using modular units. Carbon Capture is one of the most promising ways to reduce CO2 levels, and we believe that Carbominer can innovatively solve this problem. Understanding the importance of the problem to be solved, the market prospects, and considering the first results of the team – we decided to support the project with financing.

commented SMRK representatives