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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.

PRIVATEOct 24, 2024

Amount Raised

$11.4 Million

Round Type

Series A

DartmouthEnergySustainabilityNatural ResourcesLending And Investments

Investors

BDC CapitalAmplify CapitalDNX VenturesICONIQ 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.

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.

  • FTC Solar raised $15M on December 4, 2024.
  • Modern Hydrogen raised $25M on November 27, 2024.
  • Helix Earth Technologies raised $5.6M (Seed) on November 12, 2024.
  • GBM Works raised $6.3M (Seed) on December 6, 2024.
  • New Era Helium raised $37M on December 6, 2024.
  • Otrera raised $2.6M (Seed) on December 5, 2024.

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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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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Planetary Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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