USA – Advantek Waste Management Services, a Houston, TX-based industrial waste management company, raised $8M in Seed funding.
The round was led by Lowercarbon Capital.Founded by Omar Abou-Sayed, Advantek Waste Management Services is using injection wells to minimize the impacts from human activities on land, air, water, and climate through improved management of complex and liquid wastes. The company also announced the launch of Vaulted Deep, a stand-alone biomass carbon removal and storage (BiCRs) carbon removal (CDR) company. Led by CEO Julia Reichelstein, former investor at climate tech venture capital fund Piva Capital, Vaulted Deep will provide high-quality, lower-cost carbon removal for entities participating in the voluntary carbon market to offset their unavoidable emissions. Omar Abou-Sayed will transition from CEO to Chairman of Advantek and will lead Vaulted as Executive Chairman, with CEO Reichelstein.The company intends to use the funds to consolidate the launch of Vaulted Deep and advance market commitment for carbon removal.08/09/2023
