What is Planetary Technologies?
Planetary Technologies is at the forefront of climate technology, developing innovative methods for carbon removal through ocean alkalinity enhancement. This approach leverages the ocean's natural capacity to absorb and store atmospheric carbon dioxide, offering a scalable and sustainable pathway to mitigate climate change. The company's focus on this critical environmental challenge 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 Amplify Capital, ICONIQ Capital, DNX Ventures, BDC Capital Management, and Evok Innovations
Key Investors in Planetary Technologies
Amplify Capital
Amplify Capital is a venture capital firm that invests in transformational technologies addressing urgent global challenges, with a focus on climate, health, and education. They support pre-seed to Series A companies aiming for large-scale solutions and positive environmental and social outcomes.
ICONIQ Capital
ICONIQ Capital is a privately-held investment firm offering financial advisory and family office services, with direct investments in technology growth equity, venture capital, middle market buyout, and real estate.
DNX Ventures
DNX Ventures is an early-stage venture capital firm that invests in B2B startups transforming industries. They provide business development support and facilitate partnerships between startups and global conglomerates.
What's next for Planetary Technologies?
The recent major strategic investment signals a significant growth phase for Planetary Technologies, likely enabling the company to scale its operations, expand its research and development efforts, and further deploy its carbon removal solutions globally. This capital infusion is expected to accelerate the company's mission to combat climate change, potentially leading to broader market adoption and strategic partnerships within the enterprise sector.
See full Planetary Technologies company page
