Vaulted Deep raises $32 million to expand carbon sequestration efforts

U.S.-based climate tech startup Vaulted Deep has successfully raised $32 million in venture capital funding with the lead from Prelude Ventures, alongside other investors like Lowercarbon Capital. The one-year-old company is dedicated to mitigating climate change by utilizing a method to lock away carbon by burying organic waste deep underground, leveraging a technology similar to fracking. Vaulted Deep collects biosolids from municipal plants and manure from livestock, injecting them about a mile deep at their Los Angeles and Kansas locations, with plans to develop additional sites including one in Colorado. This innovative approach has attracted significant attention from investors and carbon credit buyers. Notably, Vaulted Deep has a partnership with Frontier, a coalition that includes major corporations like Alphabet, Meta Platforms, and Shopify, that purchases carbon removal credits. These developments occur amid concerns about the political climate in the U.S., particularly with the return of Donald Trump to the presidency, though carbon removal receives bipartisan support thanks to potential investments and job opportunities. The voluntary carbon market remains volatile but presents a key opportunity for Vaulted Deep. Vaulted Deep has delivered over 5,000 tons of carbon dioxide removal's success aligns with bipartisan climate goals to sequester 100 million tons by 2030 and 5 billion by 2050.