# pHathom Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phathom-technologies

- Industry: Environmental Services
- Headquarters: Halifax, Canada
- Website: www.phathom.tech/
- Total disclosed funding: $4.3M
- Latest round: Seed (Feb 5, 2026)
- Investors on record: 3

## About

pHathom Technologies, Inc., based in Halifax, Canada, focuses on innovative carbon dioxide removal technology, aiming to combat climate change through sustainable practices and efficient CO2 capture and storage solutions.pHathom Technologies specializes in carbon dioxide removal with a patented process that captures CO2 from the atmosphere, dissolves it in seawater, and neutralizes it with limestone, creating calcium bicarbonate for ocean storage. The company was founded in 2024 by its CEO, Kimberly Gilbert, together with co-founder Andrew Ray, it raised CAD 4.00 mn in Seed funding on February 5, 2026. This round was led by Propeller, with participation from Invest Nova Scotia, New Brunswick Innovation Foundation, and Carmeuse Ventures. This funding will support the development of their carbon capture platform and pilot projects at coastal bioenergy facilities.pHathom Technologies specializes in innovative carbon dioxide removal (CDR) technology aimed at addressing climate change through sustainable practices. Their core offering involves a patented process that captures atmospheric CO2, dissolves it in seawater, and neutralizes it with limestone, resulting in durable ocean carbon storage in the form of calcium bicarbonate. This approach not only mimics natural carbon cycling but also supports marine life by replenishing calcium carbonate, which is crucial for shell and coral growth. Their technology is scalable and cost-effective, making it suitable for large emitters and carbon credit buyers seeking to meet carbon reduction goals. pHathom targets markets focused on climate tech and environmental sustainability, serving clients including government entities, non-profits, and private sector companies involved in bioenergy and carbon markets across North America, Europe, and parts of Asia.The revenue model for pHathom Technologies is based on partnerships and B2B collaborations, with contractual agreements for carbon credits and environmental compliance. Revenue is derived from long-term contracts with enterprise clients, including performance-based fees linked to CO2 sequestered. The company has established partnerships with organizations such as Statolith and Aquatic Labs to reinforce its market position and ensure ongoing revenue through collaborative efforts in biomass procurement and measurement, reporting, and verification (MRV) processes.In February 2026, pHathom Technologies raised USD 4.00 mn in Seed funding, which will be utilized to develop and deploy its carbon capture platform, run pilot projects at coastal bioenergy facilities, and complete scientific, monitoring, and regulatory work for technology validation. The company plans to expand its reach into new markets across North America, Europe, and Asia, focusing on partnerships with local organizations and stakeholders to facilitate this growth.

## Funding rounds

- Seed, Feb 5, 2026, $4M — Invest Nova Scotia, New Brunswick Innovation Foundation, Propeller
- Angel, Jun 1, 2024, $0.3M — New Brunswick Innovation Foundation

## Investors

- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Angel, Seed
- Invest Nova Scotia — Seed
- Propeller — Seed