Tailwind Ventures Inc. acted as Financial Advisor on behalf of Carbonova Corp.
Carbonova secures financing to accelerate C$13.6M Commercial Demonstration project in Alberta
Tailwind Ventures is pleased to announce that their client Carbonova Corp. (“Carbonova” or the “Company”), a cleantech company transforming greenhouse gas emissions into high-performance carbon nanofibers (CNF), has successfully completed an oversubscribed C$5.1 million equity financing round from a syndicate of strategic and private investors.
The financing round complements the Company’s recent ERA grant funding, enabling Carbonova to advance construction of its C$13.6 million Commercial Demonstration Unit (CDU) in Calgary, which will convert captured CO₂ and natural gas into 25 tonnes of next-generation carbon nanofibers per year. Front-End Engineering Design (FEED) is already well underway and progressing quickly, with the CDU on track for commissioning in mid-2027.
"Closing this round oversubscribed reflects strong confidence in our technology, our team, and our global potential," said Dr. Mina Zarabian, CEO of Carbonova. "This funding accelerates our progress toward commercial demonstration and positions Carbonova to lead in low-carbon, high-performance materials."
The CNF produced by Carbonova's patented catalytic process outperforms alternatives like carbon black, graphite, or carbon nanotubes on quality, cost, carbon footprint, and ease of integration. The Company has secured commercial traction in key markets, including plastics and composites, conductive material for lithium-ion batteries, and construction materials, with Fortune 500 companies among their customer ranks.
“Carbonova is a case study in how to commercialize advanced technology,” said Darren Engels, CEO of Tailwind Ventures. “They have an exceptional product with a strong and growing market, and importantly, the management team has a high degree of introspection, curiosity, and motivation to build a resilient business. Tailwind is delighted to support Carbonova as they continue to scale.”
The Company's investor syndicate includes a diverse mix of cleantech-focused funds, industry strategics, and private capital partners who recognized the strength of Carbonova's technology and market opportunity. Tailwind extends its gratitude to all participating investors for their confidence in the company and commitment to building a scalable business to create impact and value.
Carbonova's technology represents a unique export opportunity for Alberta. Its production can be scaled quickly, and its lightweight, high-value carbon nanofiber offtake can be transported using existing infrastructure, enabling efficient market access.
Upon completion of the CDU, Carbonova will commission a full-scale plant and deploy modular, licensed units across industrial partner sites globally. These facilities will enable Carbonova to meet surging global demand for advanced materials, including next-generation battery components, lightweight composites, and other sustainable, carbon-negative products manufactured through CO₂ utilization.
About Carbonova
Carbonova transforms CO₂ and methane into sustainable, high-performance carbon nanofibers used in batteries, composites, and construction materials. Based in Calgary, the company is accelerating the transition to a circular, low-carbon economy by offering scalable, cost-effective alternatives to legacy carbon materials.
For more information about Carbonova, visit carbonova.com.
About Tailwind Ventures
Tailwind Ventures acted as financial advisor to Carbonova on this financing round, and continues to work with the Company on its upcoming Series A round.
Tailwind Ventures empowers early-and growth-stage companies to secure capital through investment-grade financial rigor and marketing-grade storytelling. Tailwind’s proven methodology enables stronger businesses and improves the risk-reward relationship for ventures and investors. Tailwind has raised over C$400 million for clients since 2022.
For more information about Tailwind, visit tailwindventures.co.
Contact
Jenny McLean
Chief Marketing Officer
Tailwind Ventures
info@tailwindventures.co
Forward-Looking Statements
Certain statements contained in this press release relate to future events, conditions, or outcomes with respect to Carbonova’s business, its customers, technology, and the broader industry. All statements other than statements of historical fact may be forward-looking statements and are often, but not always, identified using words such as “believes”, “seek”, “plan”, “expect” and similar expressions.
This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities.