Halifax-based Planetary Technologies has secured $11.4 million USD in Series A funding to advance its ocean alkalinity enhancement technology aimed at reducing atmospheric CO₂. Led by Evok Innovations, the round included BDC Capital, Amplify Capital, DNX Ventures, and Iconiq Capital, bringing total funding to $22 million CAD.
Planetary’s technology involves adding alkaline substances to seawater to increase CO₂ absorption, reducing ocean acidification and enhancing carbon storage. The funds will support pilot projects and operations expansion. Founded in 2019, Planetary combines scientific rigor with community engagement in the fight against climate change.
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