Planetary Technologies raised $11.35M in Series A funding led by Evok Innovations to enhance the ocean's natural ability to fight climate change through carbon removal and storage.
Planetary Technologies raised $11.35M in Series A funding led by Evok Innovations to enhance the ocean's natural ability to fight climate change through carbon removal and storage.
10/24/24, 9:18 PM
Location
dartmouthMoney raised
$11.4 million
Industry
natural resources
energy
sustainability
lending and investments
Round Type
series a
Investors
Iconiq Capital, Dnx Ventures, Amplify Capital, Bdc Capital, Evok Innovations
Nova Scotia-based Planetary Technologies has completed its Series A funding round, raising US$11.35 million. The funds will support the company's mission to develop responsible, science-led climate technology focused on carbon removal and storage in ocean environments.
Company Info
Location
dartmouth, nova scotia, canada
Additional Info
Planetary Technologies, Inc. is a carbon removal leader and innovator headquartered in Nova Scotia, Canada. Planetary’s Accelerated Carbon Transition platform is a patented process that creates effective carbon removal at a gigaton-scale and reduces emissions through a clean alternative to fossil fuels. The company’s platform results in permanently sequestered carbon through Ocean Air Capture, ocean de-acidification and clean hydrogen. Planetary is a graduate of the StartupYard accelerator by Innovacorp, the Cycle Momentum accelerator, and the Canadian Technology Accelerator, was a member for the first Carbon to Value Initiative cohort and is currently enrolled in Creative Destructions Lab’s 2022 Ocean cohort.