When was Twelve founded?

Twelve was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Twelve located?

Twelve is headquartered in Berkeley, United States.

How many employees does Twelve have?

As of Apr 30, 2026, the latest employee count at Twelve is 263.

Is Twelve a funded company?

Twelve is a funded company, having raised a total of $472M across 23 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 24, 2016.

When was the latest funding round of Twelve?

Twelve's latest funding was a $***** Series C round on May 06, 2025, with participation from 1 investor. Its primary sector is Air Pollution Management Tech. In United States, the Air Pollution Management Tech sector has seen $378M in funding in 2026 to date.

Where does Twelve rank among its competitors?

Twelve ranks 1st amongst 13 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Twelve, which secured an undisclosed amount in May, 2025.

Who are the top competitors of Twelve?

Twelve's top competitors include Prometheus, Oxylus Energy and Breathe. Among them, Twelve secured the most recent funding round in May, 2025.

Twelve - 2026 Company Profile, Team, Funding & Competitors

Twelve is a series C company based in Berkeley (United States), founded in 2015 by Kendra Kuhl, Etosha Cave and Nicholas Flanders. It operates as a Developer of carbon transformation technology producing fuels and feedstock products. Twelve has raised $472M in funding from investors like Capricorn, Techstars and DCVC. The company has 13 active competitors, including 3 that are funded. Its top competitors include companies like Prometheus, Oxylus Energy and Breathe.

Company Details

Developer of carbon transformation technology producing fuels and feedstock products. The company's technology transforms carbon dioxide, water, and renewable electricity into hydrocarbons. These hydrocarbons are drop-in replacements for conventional petroleum-based materials and ingredients. The resulting products have zero fossil fuels, zero emissions, and no trade-offs in quality.

Website: www.twelve.co/
Social

Key Metrics

Founded Year

2015

Location

Berkeley, United States

Stage

Series C

Total Funding

$472M in 23 rounds

Latest Funding Round

Series C, May 06, 2025, $*****

Investors

Capricorn & 54 more

Ranked

1^st among 13 active competitors

Employee Count

263 as on Apr 30, 2026

Similar Companies

Prometheus & 10 more

View Twelve's full profile

Twelve is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Twelve A CIN: 40203042564 , Latvia, Active	Jan 06, 2017	$8.19K (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-
OPUS 12, INC. CIN: 474239185 , United States, Active	Dec 31, 1999	-	176 (As on Dec 31, 2024)	-
Twelve Benefit Corporation CIN: 47-4239185 , United States, Active	Jan 01, 1970	-	232 (As on Dec 31, 2022)	-

Twelve has raised a total funding of $472M over 23 rounds. Its first funding round was on Feb 24, 2016. Its latest funding round was a Series C round on May 06, 2025 for $*****. 1 investor participated in its latest round. Twelve has 55 institutional investors.

Here is the list of recent funding rounds of Twelve:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2025	1770780	Series C	8669383	2720758	4270333	2077936
Feb 14, 2025	8323766	Series C	8399937	2055684	8119496	Mitsui OSK Lines & 4 more
Sep 19, 2024	8465315	Series C	4496451	4361118	Capricorn & 2 more	Fifth Wall & 6 more

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View details of Twelve's funding rounds and investors

The founders of Twelve are Kendra Kuhl, Etosha Cave and Nicholas Flanders. Nicholas Flanders is the CEO of Twelve.

Here are the details of Twelve's key team members:

Kendra Kuhl: Co-Founder of Twelve.
Contact Info: 1 email address
Etosha Cave: Co-Founder and CSO of Twelve.
Nicholas Flanders: Co-Founder & CEO of Twelve.
Contact Info: 1 email address

View details of Twelve's Founder profiles and Board Members

Twelve's employee count trend

Twelve has 263 employees as of Apr 26. Here is Twelve's employee count trend over the years:

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Top competitors of Twelve include Prometheus, Oxylus Energy and Breathe. Here is the list of Top 10 competitors of Twelve, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Twelve 2015, Berkeley (United States), Series C	Developer of carbon transformation technology producing fuels and feedstock products	$472M	Mitsui, Rising Tide Fund & 53 others	65/100
2nd	Prometheus 2018, Santa Cruz (United States), Series B	Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy	$24.1M	BMW i Ventures, Maersk Growth & 6 others	61/100
3rd	Oxylus Energy 2023, New Haven (United States), Seed	Technology solution to convert CO2 into fuel	$4.5M	Toyota Ventures, Azolla Ventures & 2 others	36/100
4th	Breathe 2016, Bengaluru (India), Funding Raised	Provider of conversion of CO2 into fuels and chemicals	-	Startup Karnataka	35/100
5th	Gridthink 2017, Seattle (United States), Funding Raised	Operator of an online platform providing a variety of digital games	-	EnergySpin	20/100
6th	VeKrain 2021, Ernakulam (India), Unfunded	Developer of carbon technology that removes CO2 from gaseous fuels	-	-	16/100
7th	Helix Carbon 2024, Cambridge (United States), Unfunded	Developer of carbon capture and conversion system	-	-	16/100
8th	Separatic 2022, Fribourg (Switzerland), Unfunded	Developer of membrane-based gas separation technologies for hydrogen and carbon capture	-	-	16/100
9th	H2Gp 2019, Dundee (United Kingdom), Unfunded	Developer of technology for decarbonisation and renewable fuel production systems	-	-	16/100
10th	CEC Solutions 2022, Richardson (United States), Unfunded	Online platform offering carbon dioxide to hydrogen fuel solution	-	-	16/100