About Planetary Technologies
Planetary Technologies is an Environment company based in Dartmouth (Canada) founded in 2019 by Greg Rau and Mike Kelland. Ocean alkalinity enhancement is provided for carbon removal. It operates on a Green Energy-as-a-Service model. Planetary Technologies has raised $14.65 million across 4 funding rounds from investors including BDC, XPRIZE and Evok Innovations. Its chief executive, as recorded, is Mike Kelland. Planetary Technologies offers products and services including Seawater Restoration and Ocean Alkalinity Enhancement (OAE). Its focus areas include Environmental Services, Climate Technology and Carbon Removal. Its legal entity is Planetary Technologies, Inc.
Company details
Planetary Technologies is focused on seawater restoration to address climate change. Ocean alkalinity enhancement (OAE) is utilized to increase the oceans capacity to absorb carbon dioxide. Solutions are integrated into existing coastal infrastructure like power plants. The environmental impact is prioritized through scientific collaboration and third-party verification. Operations are conducted in regions such as Nova Scotia and Elizabeth River. Marine ecosystems are strengthened by reducing ocean acidity. Ethical and sustainable practices are maintained through a strict code of conduct.
- Headquarters Dartmouth, Canada
- Founders Greg Rau, Mike Kelland
- SectorsEnvironment
- Email••••••••
- Website planetarytech.com
- Social LinkedIn X
- Legal Name Planetary Technologies, Inc.
- Total Equity Funding$14.65M (USD)
in 4 rounds
- Latest Funding Round$11.35M (USD), Series A
Oct 2024
- InvestorsBDC
& 8 more
Products & Services of Planetary Technologies
Planetary Technologies offers a comprehensive portfolio of products and services, including Seawater Restoration and Ocean Alkalinity Enhancement (OAE).
Seawater chemistry is restored to remove carbon dioxide.
Ocean alkalinity is enhanced for carbon dioxide conversion.
Funding Insights of Planetary Technologies
Planetary Technologies has successfully raised a total of $14.65M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $11.35 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14.65M
- Total Rounds 4
- Last Round Series A — $11.35M
- First Round $2.83M
(Mar 2022)
- Investors Count 9
All 4 funding rounds of Planetary Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $11.35M | Series A | – | Evok Innovations | |
| Apr 2022 | $1M | Grant | – | – | |
| Mar 2022 | $2.83M | Grant | – | – | |
| Mar 2022 | $3.3M | Seed | – | Apollo Projects, Invest Nova Scotia | – |
9 investors in total: 9 institutional.
Investors in Planetary Technologies
Planetary Technologies has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, XPRIZE and Evok Innovations.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| evokinnovations.com | ||||
Amplify Capital is focused on impact-driven investments. | 2016 | amplifycapital.ca | Toronto, Canada | |
Investments in B2B sectors are made by DNX Ventures. | dnx.vc | San Mateo, United States | ||
Provider of investment management and real asset services | iconiqcapital.com | San Francisco, United States | ||
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Incentive competitions are created and managed globally. | 1995 | xprize.org | Culver City, United States | |
Grants are provided by Musk Foundation for research initiatives. | muskfoundation.org | |||
A leading commercial construction company based in New Zealand. | apolloprojects.co.nz | Hamilton, New Zealand | ||
Delivers expert business strategy and technology consulting services to support organizational growth. | 2009 | investnovascotia.ca | Halifax, Canada |
Investor details for Planetary Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Planetary Technologies
12 people are tracked at Planetary Technologies (7 in leadership, 1 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Greg Rau | Co-Founder | Leadership |
Mike Kelland | Co-Founder & CEO | Leadership |
Jason Vallis | VP Of Regulatory Affairs | Leadership |
Kelsey Cuddihy | HR Business Partner | Leadership |
Alex Mezei | Director of Metallurgy | Leadership |
Will Burt | Chief Ocean Scientist | Leadership |
Lauren Harrington | Vice President Commercial Development | Leadership |
Steve Rackley | Scientific Advisor | Board & advisors |
Mariam Melashvili | Senior Process Engineer | Team |
Luis Carrillo Gonzalez | Senior Project Metallurgist | Team |
Robert W. Izett | Ocean Technology Developer | Team |
Aaron Olson | Lead Platform Software Developer | Team |
Complete people profiles for Planetary Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Planetary Technologies
3 dated milestones of Planetary Technologies across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Planetary Technologies is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series A, of $11.3M.
Web traffic of Planetary Technologies
The website of Planetary Technologies (planetarytech.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 13.1% vs previous month
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Frequently Asked Questions about Planetary Technologies
Planetary Technologies was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Planetary Technologies is headquartered in Dartmouth, Canada. It is registered at Dartmouth, Nova Scotia, Canada.
Mike Kelland is the CEO of Planetary Technologies, as recorded in our data. They have also founded this company.
Planetary Technologies is a funded company, having raised a total of $14.65M across 4 funding rounds to date. The company's 1st funding round was a Grant of $2.83M, raised on Mar 2022.
Planetary Technologies is focused on seawater restoration to address climate change. Ocean alkalinity enhancement (OAE) is utilized to increase the oceans capacity to absorb carbon dioxide. Solutions are integrated into existing coastal infrastructure like power plants. The environmental impact is prioritized through scientific collaboration and third-party verification. Operations are conducted in regions such as Nova Scotia and Elizabeth River. Marine ecosystems are strengthened by reducing ocean acidity. Ethical and sustainable practices are maintained through a strict code of conduct.
Planetary Technologies offers Seawater Restoration and Ocean Alkalinity Enhancement (OAE).
Planetary Technologies has 9 investors. Key investors include BDC, XPRIZE, Evok Innovations, Amplify Capital, and DNX Ventures.
Planetary Technologies operates through Planetary Technologies, Inc..