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CO2

Carbon transformation company Twelve has raised $130 million in Series B funding to further support the engineering and manufacturing industries. The funding round was led by DCVC and included Series A investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Breakout Ventures, Munich Re Ventures, Elementum Ventures, Microsoft Climate Innovation Fund, and other investors participated in the funding round.  The new funding will deploy the world’s first carbon transformation product. The product, designed to create a wide range of products with a lower carbon footprint, will use transformative technology