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