What is Planetary Technologies?
Planetary Technologies is at the forefront of climate innovation, developing and deploying technologies to enhance the ocean's natural capacity for carbon sequestration. By leveraging ocean alkalinity enhancement, the company offers a scientifically-backed, scalable approach to combatting atmospheric carbon dioxide levels. This method aims to accelerate the ocean's natural carbon cycle, providing a critical tool in the global effort to achieve net-zero emissions. The company's focus on a natural, yet technologically advanced, solution positions it as a key player in the burgeoning climate tech sector.
How much funding has Planetary Technologies raised?
Planetary Technologies has raised a total of $14.7M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$11.3M
Angel/Seed (2022): $3.3M with participation from Apollo Projects
Series A (2024): $11.4M led by ICONIQ Capital, Evok Innovations, DNX Ventures, BDC Capital Management, and Amplify Capital
Key Investors in Planetary Technologies
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, partnering with entrepreneurs to scale transformative technologies in energy and industrial optimization.
Amplify Capital
Amplify Capital invests in transformational technologies capable of achieving large-scale global solutions, focusing on pre-seed to series A companies tackling urgent challenges in areas such as climate, health, and education.
ICONIQ Capital
ICONIQ Capital is a privately-held investment firm that manages direct investments with a focus on technology growth equity and venture capital.
What's next for Planetary Technologies?
With its recent major strategic investment, Planetary Technologies is poised to accelerate the scaling of its operations and further refine its carbon removal technologies. The substantial capital injection, particularly from investors with a focus on hard tech and climate solutions, suggests a strategic push towards broader market adoption and potential expansion into new geographical areas or applications. This funding will likely support enhanced research and development, expanded pilot projects, and the build-out of necessary infrastructure to meet growing demand for effective carbon removal solutions. The company's trajectory indicates a move towards enterprise-level deployment and significant impact in the climate action space.
See full Planetary Technologies company page
