About Planetary Technologies
Planetary Technologies is a company based in Dartmouth (Canada) founded in 2019 by Greg Rau and Mike Kelland. It operates as a Green Energy-as-a-Service. Planetary Technologies has raised $14.65 million across 4 funding rounds from investors including BDC, XPRIZE and Evok Innovations. Planetary Technologies offers products and services including Seawater Restoration and Ocean Alkalinity Enhancement (OAE). Planetary Technologies operates in a competitive market with competitors including Captura Corp, Planetary, Ebb Carbon, Lillianah Technologies and Project Vesta, among others.
- Headquarter Dartmouth, Canada
- Founders Greg Rau, Mike Kelland
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Planetary Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.65 M (USD)
in 4 rounds
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Latest Funding Round
$11.35 M (USD), Series A
Oct 24, 2024
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Investors
BDC
& 8 more
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Employee Count
Employee Count
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Products & Services of Planetary Technologies
Planetary Technologies offers a comprehensive portfolio of products and services, including Seawater Restoration and Ocean Alkalinity Enhancement (OAE). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Seawater chemistry is restored to remove carbon dioxide.
Ocean alkalinity is enhanced for carbon dioxide conversion.
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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 Total Funding
- Total Rounds 4
- Last Round Series A — $11.3M
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First Round
First Round
(17 Mar 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Planetary Technologies | Valuation | Evok Innovations | |
| Apr, 2022 | Amount | Grant - Planetary Technologies | Valuation |
investors |
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| Mar, 2022 | Amount | Grant - Planetary Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Amplify Capital is focused on impact-driven investments.
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Founded Year | Domain | Location | |
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Investments in B2B sectors are made by DNX Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Planetary Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Planetary Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planetary Technologies Comparisons
Competitors of Planetary Technologies
Planetary Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Captura Corp, Planetary, Ebb Carbon, Lillianah Technologies and Project Vesta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ocean carbon is captured via electrodialysis technology processes.
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| domain | founded_year | HQ Location |
Open-source decentralized social platform for secure, private content sharing.
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| domain | founded_year | HQ Location |
Provides carbon capture and removal using electrochemistry
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| domain | founded_year | HQ Location |
Carbon offset solutions are offered via an online platform.
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| domain | founded_year | HQ Location |
Developer of a mineral-based process for carbon dioxide removal and storage
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| domain | founded_year | HQ Location |
Carbon dioxide is captured and mineralized via limestone-based processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Planetary Technologies
Frequently Asked Questions about Planetary Technologies
When was Planetary Technologies founded?
Planetary Technologies was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Planetary Technologies located?
Planetary Technologies is headquartered in Dartmouth, Canada. It is registered at Dartmouth, Nova Scotia, Canada.
Who is the current CEO of Planetary Technologies?
Mike Kelland is the current CEO of Planetary Technologies. They have also founded this company.
Is Planetary Technologies a funded 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 17, 2022.
What does Planetary Technologies do?
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.
Who are the top competitors of Planetary Technologies?
Planetary Technologies's top competitors include Captura Corp, Ebb Carbon and Vycarb.
What products or services does Planetary Technologies offer?
Planetary Technologies offers Seawater Restoration and Ocean Alkalinity Enhancement (OAE).
Who are Planetary Technologies's investors?
Planetary Technologies has 9 investors. Key investors include BDC, XPRIZE, Evok Innovations, Amplify Capital, and DNX Ventures.