2025-04-14
Paris, April 14, 2025 – GTT Strategic Ventures, the investment fund of the GTT group, announces the completion of a funding round of 4.4 million Swiss francs (approximately 4.6 million euros) in novoMOF, a specialist in advanced materials for CO2 capture. This investment was made alongside Shift4Good, Regenerative ltd and other investors. The new investors join novoMOF’s existing institutional and private shareholders.
A spin-off from Paul Scherrer Institute PSI founded in 2017 and based in Switzerland, novoMOF develops Metal Organic Frameworks (MOFs) for a range of applications, including point-source CO2 capture. Its proprietary CO2-capture materials offer outstanding performance, scalability and are environmentally sustainable by design, with the potential to capture CO2 at costs well below €100 per ton of CO2.
Metal-Organic Frameworks (MOFs) are a new class of highly porous materials with exceptionally high surface area in a compact volume. When precisely engineered, they can act as molecular cages, selectively capturing and separating target substances such as CO2, methane or other high-value gases. Thanks to their versatility, MOFs can be used in a wide range of applications. MOFs were first discovered and developed by Professor Omar M. Yaghi, Professor of Chemistry at UC Berkeley and recipient of the 2024 Balzan Prize. Professor Yaghi is scientific partner of novoMOF.
In partnership with technology providers, novoMOF is currently targeting point-source CO2 capture across various industrial sectors, including energy production and industrial processes, addressing more than half of the global CO2 emissions. The company aims to capture six million tons of CO2 per year with its MOFs by 2030.
MOFs also enable highly space-efficient CO2 capture designs, making them particularly well-suited for maritime and heavy-duty transport. novoMOF’s materials will therefore contribute to reducing emissions in the shipping industry.
Hélène Loncin, Head of Venture Capital at GTT, commented: “GTT Strategic Ventures is proud to support the development of novoMOF, whose high-performance materials will help address the challenge of decarbonising maritime transport. Together with our co-investors, we are pleased to back a talented and committed team whose work has the potential to make a real difference in CO₂ reduction. Following a particularly active 2024, novoMOF marks the eighth investment of GTT Strategic Ventures, which aims to contribute to the emergence of tomorrow’s climate tech champions.”
Yann Marteil, Co-founder & Managing Partner at Shift4Good, said: “At Shift4Good, we invest in bold teams building breakthrough solutions to decarbonize transportation and industry. novoMOF stands out with its highly scalable, low-impact technology and a strong commitment to real climate impact. We are proud to join this journey and support their mission to make carbon capture more accessible, efficient, and sustainable.”
Daniel Steitz, CEO and Founder at novoMOF, commented: “This investment marks a significant milestone in our journey to make MOF-based CO₂ capture both scalable and economically viable. With the support of GTT Strategic Ventures, Shift4Good, Regenerative, and our existing investors, we are accelerating the deployment of our advanced MOF materials where it matters most—at the heart of industrial, energy and transport emissions. Our goal is clear: to deliver meaningful impact on global emissions through cutting-edge materials and strong partnerships.”
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