Fenwick represented 3M Ventures, the venture capital arm of 3M Company, in its investment in Svante, a carbon capture and removal solutions provider, as part of their Series E fundraising round, which raised $318 million. The round was led by Chevron New Energies, with participation from Temasek, OGCI Climate Investments, Delek US and Hesta AG, Full Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Engineering, TechEnergy Ventures and United Airlines Ventures.
This investment will be used to accelerate the manufacturing of Svante’s carbon capture technology. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Ian Goldstein and included associates Yashreeka Huq and Meghan Bell.