Planetary Technologies, a company focused on ocean-based climate solutions, has successfully closed its Series A funding round, securing $11.35 million USD. The round, led by Evok Innovations, also saw participation from BDC Capital, Amplify Capital, DNX Ventures, and Iconiq Capital. The funds will drive Planetary’s mission to boost the ocean’s natural capacity to remove and store carbon.
Planetary Technologies employs ocean alkalinity enhancement (OAE) to address climate change. The method accelerates the ocean’s ability to absorb CO₂, helping to reduce ocean acidity while enhancing coastal ecosystems. This process mimics natural processes that have regulated atmospheric CO₂ for millions of years.
Mike Kelland, CEO of Planetary Technologies said, “We’re most excited by the strong alignment that these investors have with our mission. This round enables us to continue leading the way on responsible, science-led development of a critical climate technology. Together, we are building a foundation that will allow us to achieve our vision of protecting and restoring both the ocean and climate for generations.”
The new funding will be used to scale Planetary’s pilot projects, enhance operations, and demonstrate the safety and effectiveness of its OAE technology. The company plans to work closely with local communities, academic institutions, and regulatory agencies to ensure its solutions are scientifically validated and sustainable.
Jane Kearns, Partner at Evok Innovations said, “Planetary’s approach, rooted in science and community engagement, is a major step toward enhancing marine remediation and natural carbon removal. We value the team’s commitment to innovation and collaboration with local stakeholders, and we look forward to supporting their continued growth. We anticipate significant advancements in both the company’s core operations and the broader marine carbon removal industry.”
