These founders lost their lead investor to the climate backlash. Now they've closed €17.5m
27 May 2026
12:02
A CO2 recycling startup saw it's Series A dreams crumble after its lead investor pulled out at the last minute.
After a reshuffle, the Belgian company has now closed €17.5m, led by a Dutch holding company.
"It took us like a year and a half to recover from that blow," co-founder David Ziegler tells Impact Loop.
After a reshuffle, the Belgian company has now closed €17.5m, led by a Dutch holding company.
"It took us like a year and a half to recover from that blow," co-founder David Ziegler tells Impact Loop.
At the end of 2024, David Ziegler thought he and his team had its Series A wrapped up. A lead investor had committed and was about to sign. Then, at the last moment, they pulled out.