Twelve, founded in 2015, describes itself as “the carbon transformation company” and is aiming to address carbon emissions through its proprietary technology. Through this technology, they are able to convert CO2 and transform it into products that would normally be made from fossil fuels, including chemicals, materials and fuels.
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DCVC, Carbon Direct Capital Management, Capricorn Technology Impact Fund
Price per Share
$xx.xx
Shares Outstanding
37,627,115
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, Carbon Direct Capital Management, Capricorn Technology Impact Fund
07/08/2021
Series AA
$30MM
$xx.xx
$168.27MM
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
Price per Share
$xx.xx
Shares Outstanding
25,388,400
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
07/08/2021
Series A-2
$5.67MM
$xx.xx
$168.27MM
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
Price per Share
$xx.xx
Shares Outstanding
8,370,260
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
07/08/2021
Series A-1
$3.82MM
$xx.xx
$168.27MM
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
Price per Share
$xx.xx
Shares Outstanding
6,349,470
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
07/08/2021
Series A
$18.45MM
$xx.xx
$168.27MM
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
Price per Share
$xx.xx
Shares Outstanding
24,520,200
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Capricorn Technology Impact Fund, Carbon Direct Capital Management, DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, Evok Innovations
08/16/2019
Series Seed-2
$2.18MM
$xx.xx
$37.03MM
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
Price per Share
$xx.xx
Shares Outstanding
4,399,870
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
08/16/2019
Series Seed-1
$1.6MM
$xx.xx
$37.03MM
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
Price per Share
$xx.xx
Shares Outstanding
4,853,800
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
08/16/2019
Series Seed
$8.23MM
$xx.xx
$37.03MM
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
Price per Share
$xx.xx
Shares Outstanding
11,559,770
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, GVA Capital, Evok Innovations, Elementum Ventures, PRIME Coalition
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Is Twelve a public company?
No, Twelve is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
What is Twelve’s stock price?
Twelve is a private company, meaning it does’t have a publicly traded stock price. However, as of 11/17/2024 the Twelve Forge Price is $2.50 per share. The Forge Price is a derived price calculated for private companies like Twelve to provide insights into their current valuation. Learn more about Forge Price.
What is Twelve’s stock ticker symbol?
Twelve does not have an official ticker symbol because this company is not currently publicly traded.
Can institutional investors buy and sell private market stocks?
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Other companies like Twelve in the Clean Energy sector
Twelve, an eight-year-old start-up, is making strides towards developing a synthetic fuel to replace fossil-based kerosene in the aviation industry. The company has broken ground on a commercial-scale facility in Moses Lake, Washington to produce its "E-Jet" fuel. The fuel is produced using Twelve's carbon transformation technology, which uses electricity, water, and carbon dioxide (CO2) to create chemicals, materials, and fuels traditionally made from fossil fuels. The synthetic fuel reportedly reduces lifecycle greenhouse gas emissions by up to 90% compared to conventional petroleum-based jet fuel.
Startup Twelve has begun construction on a commercial-scale facility in Washington state that will produce sustainable aviation fuel from CO2. The facility, which is expected to be operational by mid-2024, will be the first of its kind in the US. Alaska Airlines, Microsoft, and Shopify have agreed to purchase millions of dollars' worth of the E-Jet fuel produced at the new plant.
Twelve, a carbon transformation company, has announced plans to scale production of its sustainable aviation fuel (SAF), E-Jet, made from CO2 and renewable energy, in Washington State. The fuel, which has up to 90% lower lifecycle emissions than conventional fuels, will be produced at a commercial-scale facility in Moses Lake, WA. The first customers will be Shopify, Alaska Airlines, and Microsoft, with whom Twelve has existing partnerships.
California-based Twelve is pioneering carbon transformation technology that converts CO2 into a feedstock for products traditionally made from fossil fuels. The company's electrochemical reactor, Opus, uses CO2, water, and renewable energy to create carbon-based products, eliminating the need for new fossil fuels. Twelve's technology could potentially eliminate up to 10% of global emissions. The company has developed sustainable aviation and marine fuels and partnered with brands like Mercedes-Benz and NASA to reduce emissions across supply chains.
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