# Planetary Technologies

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

- Industry: Environmental Services
- Headquarters: Canada
- Website: www.planetarytech.com
- Total disclosed funding: $12M
- Latest round: Series A (Oct 24, 2024)
- Investors on record: 9

## About

Established in 2019 and based in Canada, Planetary Technologies, Inc. develops solutions to mitigate climate change and handle environmental challenges including in the areas of carbon emissions reduction and ocean acidification.

 operates as a climate technology company that uses ocean-based carbon removal technology to control the ability of the planet to store carbon as a natural component of ocean chemistry. In October 2024, Planetary Technologies, Inc. raised USD 11.35 million in series A funding led by new investor Evok Innovations, with participation from other new investors BDC Capital, Amplify Capital, DNX Ventures, and ICONIQ Capital.

Planetary uses its proprietary technology (accelerated carbon transition (ACT) platform) to purify mine waste into nontoxic antacids, which is released into the ocean via regulated outfalls, such as stormwater and wastewater streams, where the ocean water naturally pulls carbon dioxide from the atmosphere. In addition, the company’s ACT platform helps in removing carbon dioxide from the atmosphere, converting mine tailings into pure alkalinity, minimizing the local impacts of ocean acidification, and generates battery metals and green hydrogen that replace fossil fuels.


The company will use the funding to support the expansion plans and its scale operations.

## Funding rounds

- Series A, Oct 24, 2024, $11M — BDC Capital, DNX Ventures, ICONIQ Capital, Evok Innovations, Amplify Capital
- Seed, Mar 17, 2022 — Invest Nova Scotia, Apollo Projects
- Angel, Aug 24, 2020, $0.6M — Capital Angel Network, McNamara Family Investments

## Investors

- Capital Angel Network — Angel
- McNamara Family Investments (https://capitalatlas.ai/funds/mcnamara-family-investments) — Angel
- Invest Nova Scotia — Seed
- Apollo Projects (https://capitalatlas.ai/funds/apollo-projects) — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series A
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series A
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A
- Amplify Capital (https://capitalatlas.ai/funds/amplify-capital) — Series A