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.

Oct 24, 2024•10 months ago

Amount Raised

$11.4 Million

Round Type

series a

DartmouthNatural ResourcesEnergySustainabilityLending And Investments

Investors

Iconiq CapitalDnx VenturesAmplify CapitalBdc CapitalEvok Innovations

Description

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 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.

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