Carbon Removal Startup Planetary Technologies Announces $7.8M In Funding, Offer Of 3,000 Carbon Credits
Amount Raised
$7.8 Million
Round Type
Funding Round
DartmouthEnergySustainabilityNatural ResourcesLending And InvestmentsDescription
Today Planetary Technologies, the first climate technology company to remove carbon using direct ocean capture while creating renewable fuel and restoring ocean damage from climate change, announced it has raised $7.8 million CAD. Planetary closed pre-seed and seed funding rounds at $4.2 million and received $3.6 million CAD through grant funding. Major investors include Innovacorp and Apollo Projects. Planetary will use the funding to build pilot facilities to deploy its proprietary carbon transition technology, which speeds up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the largest natural carbon sink on earth’s surface.
Quick answer
Planetary Technologies raised $7.8 Million in a Funding Round round, dated March 17, 2022. Planetary Technologies is based in Dartmouth, Nova Scotia, Canada.
- How much did Planetary Technologies raise?
- Planetary Technologies raised $7.8 Million in a Funding Round round on March 17, 2022.
- What does Planetary Technologies do?
- Planetary Technologies, Inc. is a carbon removal leader and innovator headquartered in Nova Scotia, Canada.
- Where is Planetary Technologies based and how big is it?
- Planetary Technologies is based in Dartmouth, Nova Scotia, Canada.
- Who are the decision-makers at Planetary Technologies?
- Fundz holds 1 contact at Planetary Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Sustainability around the same time
Companies in the same sectors as Planetary Technologies that raised within 45 days of this round, from Fundz verified event records.
- Yes Energy raised an undisclosed amount on April 28, 2022.
- Sun King raised $260M (Funding Round) on April 27, 2022.
- Yotta Energy raised $2M (Series A) on April 26, 2022.
- South 8 Technologies raised $12M (Funding Round) on April 26, 2022.
- Palmetto raised an undisclosed amount on April 20, 2022.
- Jupiter Power raised an undisclosed amount (Debt Financing) on April 19, 2022.
Who to call at Planetary Technologies, and when
A new round usually means Planetary Technologies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Planetary Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Planetary Technologies, from your own LinkedIn network
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Related People
Planetary Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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