Frontier Raises $915 Million for Carbon Removal as Anthropic Joins Buying Coalition
Updated
Updated · Heatmap · Jun 15
Frontier Raises $915 Million for Carbon Removal as Anthropic Joins Buying Coalition
1 articles · Updated · Heatmap · Jun 15
Summary
$915 million in new commitments lifts Frontier’s total pledged carbon-removal buying power to about $1.8 billion through 2040, with the group calling the new round a “growth AMC.”
The coalition said it will shift from broad early-stage support toward a narrower set of high-potential companies that could reach commercial scale and eventually remove billions of tons of carbon.
Anthropic joined existing buyers including Stripe, Google, Shopify, Salesforce and H&M, marking a notable climate-related move by an AI company that had not previously made major public commitments.
The raise comes as carbon-removal demand has weakened after Microsoft, previously the market’s biggest buyer at roughly 70 million tons, paused purchases, making Frontier’s renewed funding a key support for the sector.
Frontier argues corporate buying is meant to de-risk expensive technologies that still cost hundreds of dollars per ton and prepare them for longer-term, government-backed demand.
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Frontier Secures $1.8 Billion to Accelerate Gigaton-Scale Carbon Removal: New Funding, AI Partnership, and Market Evolution
Overview
Frontier, a major initiative for scaling carbon removal technologies, concluded its 'Frontier Growth AMC' funding round on June 17, 2026, securing an additional $915 million and bringing total commitments to $1.8 billion. This funding boost highlights growing confidence in Frontier's mission to combat climate change. The round also saw AI company Anthropic join as a new participant, expanding Frontier's diverse coalition, which began in 2022 with support from companies like Stripe and Google. The continued growth of Frontier's participant base demonstrates broad industry recognition of the urgent need for scalable carbon removal solutions.