Dotz-Nano, a nanotechnology company based in Australia, recently secured a 12 million Australian dollar deal with a US venture capital fund. This investment will be used to develop carbon dioxide capture technology, which is an important step in solving the issue of global warming.
The company has successfully completed a fundraising round with Mercer’s US equity fund, Street Global Opportunity Fund. Among the main investors in Dotz-Nano is the Israeli venture capital fund SIBF.
Dotz-Nano’s advanced carbon adsorption technology uses plastic waste to produce a solid filter. The purpose of this filter is to capture carbon dioxide emitted from industrial chimneys and prevent it from entering the atmosphere. This is an important step in reducing the concentration of carbon in the atmosphere, which is directly related to global warming.
Dotz-Nano technology has clear advantages over competing technologies, with operational cost savings, environmental benefits and high selectivity in CO2 capture. DotzEarth CEO Sharon Malka expressed her appreciation for Mercer’s support, stating that the support provides the company with the funding needed to accelerate the development of its carbon capture technology and execute on its near-term growth plans. This investment will allow the company to continue its efforts in developing and implementing effective solutions for capturing carbon dioxide emissions from industrial sources.