Frontier has raised another $915 million from corporate buyers including Stripe, Google, Shopify, Salesforce, H&M Group, and Anthropic to support permanent carbon removal projects. The new funding doubles the coalition’s total commitment to $1.8 billion, giving emerging carbon removal companies more long-term demand as they move toward commercial scale.
Launched in 2022 with $925 million from Stripe, Alphabet, Shopify, Meta, and McKinsey, Frontier was created to accelerate carbon removal by guaranteeing future purchases. Since then, the sector has grown from roughly a dozen companies to hundreds across more than 20 technology categories.
Corporate demand has also expanded. More than 350 buyers have entered the broader carbon removal market, collectively purchasing nearly four million tons of removal across sectors including financial services, aviation, consumer retail, education, entertainment, and automotive.
Within Frontier’s portfolio, seven companies broke ground on 1.4 million tons of new annual removal capacity in 2025. Portfolio companies are expected to deliver more than 50,000 tons of carbon removal in 2026, more than doubling for the second consecutive year.
Hannah Bebbington Valori, Head of Frontier, stated that the new "Growth AMC" will focus on "pushing the best companies to the scale that enables robust, long-term demand." Frontier plans to concentrate on 10 to 15 focused bets through 8- to 10-year offtake agreements, with some contracts extending as far as 2040.
Randy Spock, Head of Carbon Credits and Removals at Google, stated that Frontier’s mission is a "cornerstone" of Google’s efforts to use science and technology to mitigate planetary warming.
