On June 25, 2024, Neustark AG (neustark), a Switzerland-based carbon removal provider, announced that it has raised a USD 69 m in funding to expand carbon removal solution globally.The growth equity round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, and will reinforce neustark’s continued growth path and support their mission to permanently remove 1 million tons of CO2 in the year 2030. Climate tech growth investor Blume Equity also participated in the round.
The investment in neustark is one of the largest growth equity investment rounds in carbon removal and was backed by the existing investors Siemens Financial Services, Verve Ventures, ACE Ventures and Holcim. It is intended to propel neustark’s expansion across Europe, North America and Asia-Pacific.
Homburger acted as legal advisor to Blume Equity in connection with the transaction.
The Homburger team was led by Daniel Hasler (Corporate / M&A) and included Margrit Marti and Jasmin Künzle (all Corporate / M&A).