# Twelve: Chemicals, San Francisco, United States

> Twelve: Twelve is a chemical technology company based in Berkeley, California, focused on carbon transformation. Based in San Francisco, United States.

Source: https://millionrounds.com/startup/twelve-3 (Millionrounds; every figure on the page links to its filing or article)

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

# Twelve

Twelve is a chemical technology company based in Berkeley, California, focused on carbon transformation.

Email

Funding reported Last round: Series B

Chemicals San Francisco, United States

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Company summary

- **Founded:** 2015 11 years old
- **Team:** 270 201 to 1,000 people
- **Funding reported:** $199M in dollars
- **Last round:** Series B Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Twelve has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Twelve

Twelve is a chemical technology company based in Berkeley, California, focused on carbon transformation.

Founded in 2015, it aims to eliminate global emissions by converting captured CO2 into essential products like fuels, chemicals, and materials through electrochemistry. This innovative approach seeks to replace fossil fuels as the foundation of modern industry. The company operates the Opus System, which mimics industrial photosynthesis to turn CO2, water, and renewable electricity into hydrocarbons. Its core product lines include E-Jet SAF, a sustainable aviation fuel, and CO2Made, which features consumer and industrial products made from recycled CO2. Twelve serves various industries, including energy, chemicals, and aviation, providing decarbonized inputs for a wide range of goods. With significant funding and partnerships, Twelve is scaling its technology to meet the growing demand for sustainable solutions.

## What company datasets say Twelve raised

Funding, as reported

Reported in all **$199M** in dollars

Rounds **8**

Last round **Series B**

Last round size **$45M**

Last round date **Jun 2022**

Investors listed **30**

## On 12 portfolio pages

Investors who name them

- [Dolby Family Ventures](https://millionrounds.com/fund/dolby-family-ventures)
- [Pulse Fund](https://millionrounds.com/fund/pulse-fund)
- [Techstars](https://millionrounds.com/fund/techstars)
- [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures)
- [Greycroft](https://millionrounds.com/fund/greycroft)
- [Unruly Capital](https://millionrounds.com/fund/unruly-capital)
- [Techstars Berlin](https://millionrounds.com/fund/techstars-berlin)
- [TechStars Energy](https://millionrounds.com/fund/techstars-energy)
- [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation)
- [Impact Science Ventures](https://millionrounds.com/fund/impact-science-ventures)
- [Page One Ventures](https://millionrounds.com/fund/page-one-ventures)
- [TGM ventures](https://millionrounds.com/fund/tgm)

Each firm lists Twelve on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

environmentally friendly materials sustainable energy sources emissions reduction clean energy transition clean energy & technology environmental technology low emissions jet fuel electrofuels sustainable transportation fuels air-based products carbon reduction manufacturing sustainable materials co2 conversion for consumer goods fossil-free future climate solutions

Built with from their website

Canva FactoryTalk Atlassian Google Cloud Google Workspace Viewport Meta CSS TrustArc Atlassian Cloud PostgreSQL

+8 more

Varnish webpack Oracle Email Server Oracle SPF Apple Business Manager Google Cloud Hosting Google Meet KnowBe4

- **Sector:** Chemicals
- **Industry code:** NAICS 32519, 324110, 325110, SIC 2869, 2911
- **Region:** California
- **Revenue:** $35M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/twelve)

## How it ended, so far

Exit

Exit Buyer Price When

Acquired [Medtronic](https://millionrounds.com/fund/medtronic) $458M Aug 2015

## Chemicals in United States

Startups like it

- [**Group14 Technologies** Woodinville · founded 2015 *Raised*](https://millionrounds.com/company/group14-technologies)
- [**Mstack** St. Petersburg · founded 2015 *Raised*](https://millionrounds.com/company/mstack)
- [**Mile High Labs** Loveland · founded 2016 *Raised*](https://millionrounds.com/company/mile-high-labs)
- [**NanoTech Materials** Houston · founded 2019 *Raised*](https://millionrounds.com/company/nanotech-materials)
- [**Light Polymers** Santa Clara · founded 2013 *Raised*](https://millionrounds.com/company/light-polymers)
- [**Trillium Renewable Chemicals** Knoxville · founded 2021 *Raised*](https://millionrounds.com/company/trillium-renewable-chemicals)
- [**Numat** Chicago · founded 2013 *Raised*](https://millionrounds.com/company/numat)
- [**Kebotix** Cambridge · founded 2017 *Raised*](https://millionrounds.com/company/kebotix)

## Is this your company?

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