Montréal’s Deep Sky, a carbon-capture startup, has secured $57.5 million in Series A funding, and aims to position Canada as the “carbon removal capital of the world.”
Co-led by Brightspark Ventures and Whitecap Venture Partners, with notable investments from Investissement Québec and others, this round, along with a $17.7 million seed note, totals the young company’s funding at $75 million.
Founded in 2022 by Hopper co-founders, Deep Sky plans to use the funds to construct its first commercial facility and develop software for carbon credit sales, leveraging Eastern Canada’s hydroelectric energy for large-scale carbon removal.
Want to know more? Check out the source code on BetaKit.