DNX Ventures reposted this
I’m not proud of raising money. They say that congratulating an entrepreneur for raising money is like celebrating a chef for buying ingredients. Don’t get me wrong, this is still a HUGE milestone. But not because we raised money. It’s because of the people who have joined our mission in a material way. First and foremost, we’re welcoming Jane Kearns to the board at Planetary. When we closed the round, Jane immediately came to our side of the table. She said “now, tell me everything that’s not going well. I want to help.”. And true to her word, she’s jumped right into all the mess that is running a startup and began adding tremendous value right away. I know that Jane and the whole Evok Innovations team have our back. That’s not every founder’s board experience and I consider myself incredibly lucky to have them on our team. Every one of our new investors have jumped onboard with the same energy. Q Motiwala, Ashish Motivala and the whole DNX Ventures team are actively working on business development for us. Matt Stanley and the BDC team as well as Kathryn Wortsman, Louis Delorme, CPA, CFA and the Amplify Capital team are actively working to ensure that I stay informed and engaged in building a sustainable and resilient business. Thank you to you all and welcome to the team! Now let’s go cook up a better world together!
🌊 Exciting news from Planetary Technologies! We are thrilled to announce that we’ve secured $11.35 million in Series A funding, led by Evok Innovations, with support from BDC Capital (Canada), Amplify Capital, DNX Ventures, and Iconiq Capital. 🌱 This investment represents a major milestone in our mission to fight #climatechange through ocean-based carbon removal. By enhancing the ocean’s natural ability to absorb and store carbon dioxide, we aim to protect and restore both the #ocean and our climate for future generations. 💬 As our CEO, Mike Kelland, shared: "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." With this funding, we’ll expand our pilot projects, scale operations, and continue demonstrating the safety and effectiveness of our Ocean Alkalinity Enhancement (OAE) technology. Collaborating with local communities, researchers, and regulatory bodies remains central to our work as we push forward solutions that are as sustainable as they are impactful. Thank you to everyone who has been part of this journey. We’re excited about what’s next as we work together to create a healthier planet. 🌍 Read the full press release here: https://lnkd.in/eTFXxjgW #ClimateAction #mCDR #CarbonRemoval #Sustainability #PlanetaryTechnologies