SeaO2, an Amsterdam, The Netherlands-based startup specializing in innovative carbon (CO2) removal technology from seawater, raised over €2m in funding.
Backers included DOEN Participaties, NEW-TTT fund, Future Tech Ventures, CarbonFix, angel investors Eduard Talman and Siddharth Kambe and others.
The company intends to use the funds to accelerate the development of its technology and support the goal of removing one megaton of CO2 by 2030 and a gigaton by 2045. This funding will facilitate the transition from prototype to pilot plant, enhance team capabilities, and implement a comprehensive Monitoring, Reporting, and Verification system. The pilot plant is expected to have an annual capacity of 250 tons of CO2 and is scheduled for launch in the summer of 2025.
Founded in 2021 by Ruben Brands, Rose Sharifian and David Vermaas, SeaO2 leverages Direct Ocean Capture (DOC) technology, which efficiently extracts CO2 from seawater, to mitigate climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO2 from the atmosphere.
Aside from the funding round, the company has established strategic partnerships with
organisations, such as XPRIZE Carbon Removal, TU Delft, Klarna, Wetsus and Redstack.
In addition, SeaO2 has recently participated in a carbon removal project with Paebbl in the Wadden Sea.
FinSMEs
12/11/2024