Turnover Labs

Founded in 2022 and based in New York, US, Turnover Labs focuses on solutions for converting carbon dioxide waste into chemicals. The company was founded by its CEO, Marissa Beatty. In October 2024, Turnover Labs raised USD 1. 4 million in pre-seed funding co-led by Pace Capital Ventures and GC Ventures, including Sandy Spring Climate Partners.

Turnover Labs specializes in chemical production technology that leverages an electrolysis process to convert impure carbon dioxide waste directly into chemicals on-site. This approach replaces the reliance on petroleum-based precursors and provides the chemical industry with sustainable, carbon-neutral alternatives. The company's core offerings focus on durable electrolyzers and resilient electrodes designed to withstand harsh impurities and conditions, reducing maintenance costs and increasing operational efficiency. Turnover Labs targets various manufacturing sectors that generate CO2 emissions, facilitating localized production in proximity to industrial sources of carbon emissions across North America, Europe, and Asia.

The company’s revenue primarily comes from direct sales of electrolyzers and associated technology, which includes installation, maintenance services, and ongoing support agreements. Each sale encompasses provisions for after-sales support, allowing clients to maximize the effectiveness of their carbon conversion processes, with pricing tailored to client needs and implementation scale.   The organization plans to use the October 2024 funding to expand its engineering team, boost business development, and expedite R&D to transition its technology from lab to sub-scale prototype.