Zero Carbon Ventures bags USD 5 in seed funding: UAE-based Zero Carbon Ventures, which is dedicated to bringing carbon-reducing technologies to the region, has raised USD 5 mn in seed funding from Dubai ruling family member Sheikh Ahmed bin Mana, the company said in a statement on Thursday. The Emirati businessman was also appointed as Zero Carbon’s strategic investor and chairman of the board of directors.

Where the money’s going: The funds will help the company deliver decarbonization projects and accelerate its efforts towards global sustainability initiatives on a wider scale, the statement read.

More on Zero Carbon: Founded in 2022, the company signed a preliminary pact with Masdar City in October of last year to collaborate on CO2-reducing tech in the UAE’s capital. It has since been investing and applying innovative tech across four key areas: waste, water, energy, and materials. The company has offices in Masdar City and Abu Dhabi Global Market and is backed by British climate tech-firm Levidian, according to the company website.

Sponsoring carbon capture: One of their current projects involves tackling the issue of methane emitted from landfills by capturing the gas before it escapes into the atmosphere and repurposing it to valuable commodities, according to their website.

REMEMBER– Zero Carbon also signed an MoU in September with Egypt’s Green Planet for a pilot project focused on the treatment and transformation of organic waste into income-generating products.