Carba Inc.


Carba, Inc is a Minnesota startup and MN Cup winner that is tackling two environmental challenges at once:  (1) improving landfills and (2) pulling carbon dioxide out of the atmosphere.

The company’s technology, developed in collaboration with University of Minnesota researchers, transforms organic waste – like fallen tree branches and yard waste – into a valuable material called biochar. Burying biochar permanently removes carbon dioxide from the atmosphere, helping to rebalance our climate.

Through a collaboration with Waste Management at a Minnesota landfill, Carba has proven its technology works on a small scale and even offers additional benefits: biochar also captures PFAS, harmful microplastics, and odors in landfills, while also reducing how much soil Waste Management needs to truck in for maintaining landfill cover.

Venn’s PRI will provide concessionary capital to help Carba construct and operate a full-scale reactor at its current test site, thereby establishing the value of its technology in comparison to other carbon dioxide removal technologies, the benefits to the community, and the benefits to the commercial partner. It will also educate the public about where and how a reactor could be used alongside various commercial operations to dramatically reduce GHG emissions, all while using less energy and at a lower cost than currently available alternatives.


Biomass Waste Pile —>

Proprietary Pyrolysis Process —>

Premium Carbon Biochar


Recipient Name:  Carba Inc. 
Corporate Form:  Delaware Corporation 
Entrepreneurs: Andrew J. Jones 
Investment Sought:  $150,000-$2,500,000
Amount Raised to Date: $150,000

Overview of Investment Terms:

  • 6-Year Unsecured, Subordinate Loan

  • Accrues Simple Interest at 4% Annually

  • Payment Terms

    • Year 1: Interest accrues, not paid 

    • End of Year 2: Annual interest-only payment for years one and two 

    • End of Year 3: Annual interest-only payment for current year, plus 10% of the principal

    • Years 4-6: Annual interest plus 30% of the aggregate principal advanced 

Andrew Jones, CEO and Co-Founder