Living Carbon — Seed — Dossier

One-Liner & Thesis

A public benefit company fighting climate change by genetically enhancing CO2 capture and storage in trees. Pre-launch public benefit company on a mission to fight climate change by genetically enhancing CO2 capture and storage in trees.

Series B Round 10/25: New Money is $35M and $15M coming from converting note. $60M Pre-Money Valuation. Series B Preferred Price is $0.7219. Investors: Toyota $3.5M / LowerCarbon $1. SH committed $50K, via StoryHouse Fund I, at a $64.9M valuation, in a $8M round, alongside Felicis, Lowercarbon Capital, Temasek, Floodgate, Homebrew, Toyota Ventures.

Deal Box

Round Size: $8M
Valuation / Cap: $64.9M
Co-Investors: Felicis, Lowercarbon Capital, Temasek, Floodgate, Homebrew, Toyota Ventures
SH Check: $50K
Fund: StoryHouse Fund I
Funding Round: Seed
SH Investment Date: 2022-06-01

Company Snapshot

Sector: Biotech, Climate
Location: Bay Area, California
Headcount: 5
Year Founded: 2019-10-01
Total Raised: $36M
Website: livingcarbon.com
Status: Private

Founders

Patrick Mellor

Patrick Mellor at Living Carbon.

Maddie Hall

Climate tech entrepreneur building Living Carbon, a public benefit company genetically enhancing trees to increase carbon capture and long-term CO2 storage, focused on scalable, nature-based climate solutions.

LinkedIn maddie@livingcarbon.com