What is Planetary Technologies?
Planetary Technologies operates at the intersection of climate science and industrial engineering, specializing in ocean alkalinity enhancement. By leveraging the ocean's inherent capacity to absorb and sequester atmospheric carbon dioxide, the company provides a scalable, high-integrity solution to the climate crisis. Unlike traditional direct air capture methods, Planetary's approach integrates with existing industrial processes to neutralize acidity while permanently storing carbon in the marine environment. This unique market position has attracted significant interest from climate-focused venture capital firms and strategic partners looking to support high-impact, science-backed decarbonization technologies.
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, BDC Capital Management, Amplify Capital, and DNX Ventures
Key Investors in Planetary Technologies
ICONIQ Capital
ICONIQ Capital is a privately-held investment firm providing financial advisory and family office services, with a focus on technology growth equity and venture capital.
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, energy, and industrial optimization.
Amplify Capital
Amplify Capital invests in transformational technologies capable of achieving large-scale global solutions, focusing on climate, health, and education sectors.
What's next for Planetary Technologies?
With the successful closure of this major enterprise-level funding, Planetary Technologies is poised to transition from pilot-scale demonstrations to broader commercial implementation. The strategic capital will likely be deployed toward expanding infrastructure, refining the chemical processes required for alkalinity enhancement, and navigating the complex regulatory frameworks governing marine carbon removal. As the company scales, it will focus on establishing long-term partnerships with industrial emitters and carbon credit buyers, solidifying its role as a critical player in the global effort to achieve net-zero emissions through innovative, nature-positive engineering.
See full Planetary Technologies company page
