LanzaTech joined the Unicorn Club on May 19, 2021, after raising a $4.1 million grant (prize money) funding round. Headquartered in Skokie, Illinois, United States, the company has developed a bio-processing platform that transforms waste carbon into valuable products, creating a circular carbon economy.
Keep reading to see how LanzaTech built a billion-dollar enterprise by reimagining industrial emissions as a renewable resource.
What Is LanzaTech and What Does It Do?
Founded in 2005, LanzaTech is a pioneer in carbon recycling technology. Its bio-processing platform captures and reuses carbon from industrial off-gases and syngas generated from biomass. Using proprietary microbes, the company converts carbon waste into ethanol and other valuable chemicals, enabling industries to reduce emissions and monetize their waste streams.
The company’s solutions are used across steelmaking, refining, and other heavy industries, positioning it as a global leader in sustainable carbon utilization.
How Much Funding Has LanzaTech Raised?
- Grants and Funding Rounds
- Cumulative Funding: ~$869 million
- Purpose: Scale carbon recycling operations, develop commercial plants, and advance new bio-based fuel technologies
Latest Funding Round: Grant (prize money), January 1, 2023, $8.6 million
Total Funding Raised: ~$869 million
Annual Revenue: $49.6 million (as of December 31, 2024)
Employee Count: 367 (as of December 31, 2022)
Stage: Public
Key Investors
- Mitsui & Co.
- Details: Japanese conglomerate with investments across energy, chemicals, and sustainability sectors.
- Focus Areas: Circular economy, renewable energy, and resource recovery.
- ArcelorMittal
- Details: Global steel manufacturer and early partner in industrial-scale carbon recycling projects.
- Focus Areas: Low-carbon steelmaking, emission reduction, and clean industrial innovation.
Where Is LanzaTech’s Headquarters?
LanzaTech is headquartered in Skokie, Illinois, United States. The company also operates research centers and commercial partnerships across North America, Europe, and Asia to scale its carbon recycling technology globally.
What’s Next for LanzaTech?
LanzaTech plans to expand its bio-refinery network and commercialize new applications for recycled carbon in fuels, fabrics, and packaging materials. With its proven technology and growing industrial partnerships, the company is positioned to lead the global transition toward a zero-waste, circular carbon economy.
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