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Carbon Removal Startup Planetary Technologies Announces $7.8M In Funding, Offer Of 3,000 Carbon Credits

Mar 17, 2022•over 3 years ago

Amount Raised

$7.8 Million

Dartmouth

Description

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.

Company Information

Company

Planetary Technologies

Location

Dartmouth, Nova Scotia, Canada

About

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.

Company News

(10 articles)

Wed, 02 Jul 2025 03:23:56 GMT

Planetary sustainability science and technology: Integrating Astro-soil, Astro-environmental engineering and Astro-habitat engineering for space exploration - ScienceDirect.com

Wed, 30 Jul 2025 07:00:00 GMT

AlphaEarth Foundations helps map our planet in unprecedented detail - Google DeepMind

Thu, 13 Mar 2025 07:00:00 GMT

A planetary boundary for geological resources: Exploring the limits of regional water availability - Phys.org

Fri, 07 Feb 2025 08:00:00 GMT

Double Asteroid Redirection Test (DART) - NASA Science (.gov)

Wed, 26 Feb 2025 08:00:00 GMT

Planetary parade 2025: This is what it really means when seven planets line up in the sky - BBC

Wed, 30 Oct 2024 07:00:00 GMT

The Global Threat from the Irreversible Accumulation of Trifluoroacetic Acid (TFA) - ACS Publications

Mon, 23 Sep 2024 07:00:00 GMT

Rethinking sustainability of marine fisheries for a fast-changing planet | npj Ocean Sustainability - Nature

Fri, 13 Sep 2024 07:00:00 GMT

Microsoft’s Hypocrisy on AI - The Atlantic

Fri, 13 Oct 2023 07:00:00 GMT

Making waves: Planetary Technologies is looking to the sea to change the climate - Toronto Star

Wed, 16 Jul 2025 07:00:00 GMT

Geoengineering: Assessing Risks in the Era of Planetary Security - Carnegie Endowment for International Peace

FundzWatch™ Score

Medium Activity