The Squamish, B.C.-based Carbon Engineering has raised US$68 million in private funding from Thomvest Asset Management and Silicon Valley venture capital funds First Round Capital and Lowercase Capital, among others. The company has been operating a pilot plant in B.C. since 2015 and plans to build its first full facility with the money. (Financial Post)

Talking point: The company said the announcement shows a clear commercial interest in the technology it invented. Carbon Engineering’s technology is expensive, and it would need a huge number of plants to significantly impact man-made carbon emissions. First Round and Lowercase—early funders of Uber and Twitter, respectively—are familiar with risky investments in commercially unproven technology, but their track record adds credibility.