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🦄 Unicorner Startup of the Week: Noya
✍️ Notes from the Editors
Wow. What a wild week.
Nearly a dozen events, hundreds of people, and a Unicorner coffee hour later, we can easily say that this was an LA Tech Week for the books. We’ve added some highlights from our week below.
Want some live snippets from our week? Follow us on Twitter for more.
 With Comcast & M12 Ventures on an NBCUniversal backlot |  At the Google Spruce Goose office for the Techstars Demo Day |
 a16z Gaming and Entertainment Demo Day |  Crescent Fund x USC Investor and Founder panel |
Reach your net zero goals
Noya deploys Direct Air Capture (DAC) technology to remove excess carbon dioxide from the atmosphere to store and use. It partners with renewable energy developers, carbon dioxide storage companies, and carbon dioxide utilization companies to deploy its DAC modules and sell carbon removal credits (carbon that has been removed from the atmosphere) to customers who want to achieve net zero emissions.
🔗 Check it out: noya.co
💰 Business Model
Noya works directly with companies to distribute its carbon removal credits to companies that need carbon (manufacturing, fuel, soft drinks).
📈 Traction and Fundraising
Raised $11 million Series A led by Collaborative Fund and Union Square Ventures
Raised $1.2 million Seed led by Y Combinator, Fifty Years, and Lowercarbon Capital
Took part in Y Combinator W21 batch
Used by large companies, including Shopify
👫 Founders
Josh Santos, CEO: Previously Sr. Program Manager @ Harley-Davidson Motor Company, Project Manager @ Tesla, Chief of Staff @ Labdoor, Chemical-Biological Engineering @ MIT
Daniel Cavero, CTO: Previously AI & Robotics Product Manager and Mechanical & Mechanical & Product Design Engineer @ Nod Labs, Mechanical Engineering MS and BS @ San Diego State University
💼 Opportunities
Interested in finding your next job? Interested in hiring talent from the Unicorner community?
🔮 Our Analysis
In a world grappling with the climate crisis, Noya is approaching the sector with a more efficient method of Direct Air Capture technology, meant to remove carbon dioxide from the atmosphere. Forgoing the expensive and energy-guzzling machinery of traditional DAC, the company has found an innovative way to leverage existing power plants and industrial cooling towers. Its more efficient technology makes it cost-effective to transform carbon dioxide into a resource for industries like synthetic fuels and carbonated beverages. Noya is also pioneering a carbon removal credits market, offering a cheaper opportunity for businesses and individuals to offset their emissions. This market opens the door for a scalable solution to combat excess carbon dioxide. It plans to open up a first commercial pilot for its product later this year. Noya is not just changing the carbon capture industry, but reshaping the approach to combating climate change, allowing us to envision a more sustainable and carbon-neutral future.
📚 Further Reading
Written by Jeremy Baum
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