# Banyu Carbon funding: rounds and investors

> Banyu Carbon has raised $6.5M across 1 round since 2022. Investors include Plug and Play. Every round with its source.

Source: https://millionrounds.com/company/banyu-carbon (Millionrounds; every figure on the page links to its filing or article)

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Banyu Carbon*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Climate Tech

Funding summary Updated 26 Oct 2026

**$6.5M** raised across 1 round since 2022, from 1 source

- **Latest round:** Seed, $6.5M Sept 2022
- **Investors:** 1

See who backed them

## The rounds

- **Sept 2022** Seed **$6.5M** [Plug and Play](https://millionrounds.com/fund/plug-and-play) Source recorded SEC filing: $1.9M sold, first sale May 2022

## Founders and team

From Banyu Carbon's own website and the SEC filings it signed: 2 founders, 4 on the team.

**Alex Gagnon** Co-Founder & CEO *Named on its 2022 Form D*

**Julian Sachs** C0-Founder *Named on its 2022 Form D*

- **Richard Berg** Head Of Mrv And
- **Austin Bailey** Senior Analytical Scientist
- **Michelle Cruz** Research Scientist Ii
- **Sadie Warnstadt** Business Associate

## Everyone who backed them

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=banyu-carbon).

## Also claim to have backed them

This firm lists Banyu Carbon as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[United Airlines Ventures](https://millionrounds.com/fund/united-airlines-ventures-2) Corporate VC Per its own site

## Quick answers about Banyu Carbon

### Who invested in Banyu Carbon?

Banyu Carbon's investors include Plug and Play.

### How much has Banyu Carbon raised?

Banyu Carbon has raised $6.5M across 1 round since 2022.

### When did Banyu Carbon last raise?

Banyu Carbon's most recent round was a Seed of $6.5M in Sept 2022.

### What was Banyu Carbon's biggest round?

Its most recent round, $6.5M in Sept 2022, is also its largest on record.

### Who backed Banyu Carbon first?

Banyu Carbon's first round on record, in Sept 2022, was backed by Plug and Play.

### What stage is Banyu Carbon at?

Banyu Carbon's latest named round is a Seed, in Sept 2022.

### Where is Banyu Carbon based?

Banyu Carbon is based in the United States.

## Companies like Banyu Carbon

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Kodama** $7.0M · Oct 2026](https://millionrounds.com/company/kodama)[**Stand** $105M · Oct 2026](https://millionrounds.com/company/stand)

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