Avatar Leadership Fund has made its first investment in CO2Brew, a Calgary startup, leading an $800K pre-seed round to support its innovative CO2 capture technology for the brewing industry.

Target Information

CO2Brew is a groundbreaking startup based in Calgary, Alberta, focused on revolutionizing the brewing industry through innovation in CO2 capture technology. This company emerged from the Avatar Studio in 2022 and has made significant strides toward commercializing its proprietary engineered CO2 capture and scrubber system. This system is designed to recover high purity liquid CO2 from the fermentation process, allowing breweries to reuse it during carbonation. By doing so, CO2Brew enables brewers to reduce their reliance on externally sourced industrial food-grade CO2, which is typically produced from hydrocarbons.

As CO2Brew advances in its development, it aims to expand its technology application beyond brewing into sectors such as winemaking, distilling, and food processing. This expansion will unlock additional revenue streams for its clients by facilitating the sale of surplus CO2, effectively positioning CO2Brew as a leader in sustainability and innovation within the beverage industry.

Industry Overview

The brewing industry in Canada is evolving rapidly, with a pronounced shift towards sustainability and reduced carbon footprints. Amid growing environmental concerns, there is a heightened emphasis on finding gre