Startups
We're Twelve, the carbon transformation company, a new kind of chemical company built for the climate era. Our breakthrough technology eliminates emissions by turning CO2 into essential products that today are made from fossil fuels. We call it carbon transformation. We're reinventing what it means to be a chemical company, on a mission to create a climate positive world and a fossil free future.
Overview
Location
United States, California, Berkeley
Employees
51-200
Total raised
$832M
Founded date
2018
Founders name
Nicholas Flanders
Founders Related Locations
Canada, Ontario, Toronto; United States, California, San Francisco; United States, New York, New York
Investors 20
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Unreasonable Group | unreasonablegroup.com | |
| Jul 13, 2021 | Dolby Family Ventures | dolbyventures.com |
| Aug 12, 2024 | Toppan Global Venture Partners | tgvp.vc |
| Xplorer Capital | xplorer.vc | |
| Jul 22, 2021 | Techstars | techstars.com |
| Twynam Investments | twynam.com | |
| DCVC | dcvc.com | |
| MOL Switch | molswitch.earth | |
| Jan 14, 2022 | Thomas McInerney | tgm.com |
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Funding Rounds 3
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jun 29, 2022 | Series B round | $130M | |
| Jul 14, 2021 | Series A round | $57M |
Persons 1
| Date | First Name | Last Name | Title | |||
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Mentions in press and media 27
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 10, 2026 | Breakout Ventures: $114 Million Fund III Launched To Back Science-Driven Startups Using AI | Breakout Ventures announced the close of its $114 million Fund III, expanding the venture firm’s efforts to back early-stage companies working at the intersection of science, technology, and artificial intelligence. The San Francisco-based ... |
| Feb 6, 2025 | Share Of Startup Funding For Black Founders Hits Multiyear Low | 3 Shares Email Facebook Twitter LinkedIn The share of U.S. startup funding going to companies with Black founders hit a multiyear low in 2024, even as overall funding ticked slightly higher. Only around $730 million — or 0.4% of all funding... |
| Nov 26, 2024 | Activate: New Board Members And $3.5 Billion Fellows Funding Milestone | Activate, a nonprofit fellowship where science entrepreneurs transform ideas into advanced hard-tech companies, announced a new funding milestone: Activate Fellows, current and alumni, have raised a cumulative $3.5 billion in funding for th... |
| Oct 16, 2024 | Three Months To $5B, And More Unicorn News | 4 Shares Email Facebook Twitter LinkedIn Nine companies joined The Crunchbase Unicorn Board in September, including one that took just three months since its founding to reach a $5 billion valuation. All told, the Unicorn Board now includes... |
| Oct 4, 2024 | DCVC Raises Over $700 Million To Invest In A Healthier Planet | DCVC announced it has closed over $700 million in new funds for a healthier planet and lives. The firm has committed to achieving venture-scale returns from companies whose success would bring humanity greater resilience, abundance, and equ... |
| Sep 30, 2024 | Carbon Capture, Storage And Transformation Is Still A Popular Funding Theme | 5 Shares Email Facebook Twitter LinkedIn If humanity is to prevent more of the inhabited parts of our planet from turning into unlivable hellscapes, we’ll need to stop spewing greenhouse gasses into the atmosphere. Switching to more eco-fri... |
| Sep 23, 2024 | Twelve: Carbon Transformation Company Raises $645 Million | Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, announced $645 million in funding. This funding is based on a strat... |
| Sep 20, 2024 | The Carbon Revolution: Funding Fuels the Future of Sustainable Aviation | The world is changing. The air we breathe is under siege. Carbon emissions loom like a dark cloud over our future. But a new wave of innovation is rising. Companies like Air Company and Twelve are leading the charge. They are turning carbon... |
| Sep 19, 2024 | Twelve Raises $645M in Funding | AirPlant One in Moses Lake, WA – under construction Twelve, a Berkeley, CA-based carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fue... |
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FAQ about Twelve
When was Twelve founded?
Twelve was founded in 2018.
How much funding has Twelve raised?
Twelve has raised $832M in total across 3 funding rounds.
What funding rounds has Twelve raised?
Parsers VC lists 3 funding rounds of Twelve, among them a Series B round of $130M on Jun 29, 2022 and a Series A round of $57M on Jul 14, 2021.
Who has invested in Twelve?
Parsers VC lists 20 investors of Twelve, among them Toppan Global Venture Partners, Thomas McInerney and Techstars.
What has the press written about Twelve?
Parsers VC has collected 27 articles mentioning Twelve, among them “Breakout Ventures: $114 Million Fund III Launched To Back Science-Driven Startups Using AI” (Mar 10, 2026) and “Share Of Startup Funding For Black Founders Hits Multiyear Low” (Feb 6, 2025).
Is Twelve still active?
Yes, Twelve is active; its latest activity on Parsers VC dates from Mar 18, 2026.