Quild Mini🦄 #147: Twelve

Turning CO2 into essential products

Happy 4th of July to US readers!

This is the Quild Minicorn, highlighting one future of work minicorn every weekday - early-stage startups with statistically significant signals of becoming a unicorn.

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Twelve is a carbon transformation company. The company makes essential products from air, not oil. Its technology eliminates emissions by transforming CO2 into critical chemicals, materials, and fuels that today are made from fossil fuels.

Founders: Etosha (CSO), Kendra (CTO), Nicholas (CEO)

Signals:

1. Venture-backed experience

   • Nicholas was the CFO/COO at Levo League, a community of young professionals

2. Top institution/company alumni

   • Kendra did her postdoc at SLAC National Accelerator Lab

   • Nicholas worked at McKinsey for a few years

3. Top university alumni

   • Etosha graduated from Stanford (MS, PhD)

   • Kendra graduated from Stanford (PhD)

   • Nicholas graduated from Cornell (BA) and Stanford (MBA)

4. Fast team growth

   • Grew 2.4x YoY to 165 employees

   • And hiring a lot more

5. Accelerated financing

   • Series A in 2021, series B in 2022

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Till tomorrow, Kenn