Funding Details
- Awarder
- RSS - climateinsider.com
- Date Award
- August 02, 2024
- Vertical
- Carbon Sequestration
- Funding URL
- View Funding Page
Company Info
- Traction
- The company plans to generate revenue by selling high-quality carbon removal credits and licensing its technology globally.
- Revenue Amount
-
$46,800,000
- Founders
- Dr. Raffael Jovine
- Company Description
- Brilliant Planet has developed an innovative approach to carbon sequestration using algae, which captures carbon dioxide 50 times faster than trees. The process involves pumping nutrient-rich seawater into onshore ponds, where algae grow rapidly before being harvested, dried, and buried to sequester the carbon. This method not only captures carbon efficiently but also helps deacidify seawater.
- Market
- Environmental Technology
- Location
-
UK
- Coinvestors
- Union Square Ventures, Toyota Ventures
Links