Twelve

Private

Berkeley, California-based carbon transformation company that converts captured CO2 into synthetic aviation fuel, cosmetic ingredients, and industrial chemicals via electrolysis. Partners include Alaska Airlines, Microsoft, and Procter & Gamble. Founded 2015.

Founders Nicholas Flanders

CEO Nicholas Flanders

Company

Founded

2015

Headquarters

Berkeley, United States

Financials

Total Funding

$446M

Sectors

Climate Tech Hardware

www.twelve.co

Funding History

4 rounds

Series D Jun 25, 2026

$250M

Breakthrough Energy Ventures (Lead) Rio Tinto Capricorn Investment Group Prelude Ventures Munich Re Ventures DCVC Alaska Airlines Microsoft Climate Innovation Fund Bill Gates

Series C Nov 13, 2023

$130M

Rio Tinto (Lead) Capricorn Investment Group Prelude Ventures Munich Re Ventures DCVC Alaska Airlines

Series B Jul 16, 2021

$57M

Capricorn Investment Group (Lead) Prelude Ventures Munich Re Ventures

Series A Mar 11, 2020

$9M

Prelude Ventures (Lead) Capricorn Investment Group

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.