When was CRI founded?

CRI was founded in 2006 and raised its 1st funding round 8 years after it was founded.

Where is CRI located?

CRI is headquartered in Kopavogur, Iceland.

How many employees does CRI have?

As of Jun 30, 2026, the latest employee count at CRI is 49.

Is CRI a funded company?

CRI is a funded company, having raised a total of $30M across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Dec 01, 2014.

When was the latest funding round of CRI?

CRI's latest funding was a $***** Series B round on Jul 05, 2023, with participation from 3 investors.

Where does CRI rank among its competitors?

CRI ranks 1st amongst 1 active competitors, only 1 of which is funded. CRI, which secured $30M in Jul, 2023.

CRI - 2026 Company Profile, Team & Funding

CRI is a series B company based in Kopavogur (Iceland), founded in 2006 by Oddur Ingolfsson. It operates as a Global leader in carbon recycling technology, specializing in converting CO2 into methanol for industrial applications. CRI has raised $30M in funding from Equinor.

Company Details

Carbon Recycling International specializes in recycling carbon dioxide emissions by converting them into methanol. They have successfully started up one of the world's most efficient CO2-to-methanol plants, recycling a significant volume of carbon dioxide annually. Their technology aims to reduce carbon emissions and promote sustainability in various industries.

Website: carbonrecycling.com
Email ID: *****@cri.is
Phone Number: +354 **********

Key Metrics

Founded Year

2006

Location

Kopavogur, Iceland

Stage

Series B

Total Funding

$30M in 6 rounds

Latest Funding Round

Series B, Jul 05, 2023, $*****

Investors

Equinor & 5 more

Ranked

1^st among 1 active competitor

Employee Count

49 as on Jun 30, 2026

Similar Companies

LanzaTech & 23 more

View CRI's full profile

CRI has raised a total funding of $30M over 6 rounds. Its first funding round was on Dec 01, 2014. Its latest funding round was a Series B round on Jul 05, 2023 for $*****. 3 investors participated in its latest round. CRI has 6 institutional investors.

Here is the list of recent funding rounds of CRI:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 05, 2023	8422635	Series B	4909662	1810150	8852806	2078361
Jan 01, 2019	3596977	Grant (prize money)	5824516	1888629	3611790	Europa
Dec 01, 2017	3008847	Grant (prize money)	5694958	8997238	6958064	Europa