SeaO₂ funding news – Amsterdam-based SeaO₂ Raises Over €2 Million in New Funding

This latest funding, backed by visionary investors like DOEN Participaties B.V. NEW-TTT fund, Future Tech Ventures, CarbonFix, and several other (angel) investors,

SeaO₂’s technology, called Direct Ocean Capture (DOC), pulls CO₂ from seawater and returns carbon-free water to the ocean, which helps the ocean naturally absorb more CO₂ from the air.

With this new investment, SeaO₂ will move from working with prototypes to building a pilot plant, grow its team, and set up a system for tracking and reporting its progress. The pilot plant, expected to start in 2025, will be able to remove 250 tons of CO₂ annually.

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Expressing his enthusiasm, CEO and co-founder Ruben Brands said: “This investment recognizes our team’s hard work and dedication. With this extra support, which so far included grants, subsidies, our own investments, and early customers, we can scale our operations and accelerate our impact on climate change even more rapidly. It is a crucial step towards our goal of removing a megaton of CO₂ by 2030 and a gigaton by 2045, advancing our mission in the fight against climate change.”

Milestones and Partnerships

SeaO₂ has formed partnerships with organizations like XPRIZE Carbon Removal, TU Delft, Klarna, Wetsus, and Redstack, helping to grow its technology and expand in the climate tech industry. The company has also been involved in projects like a carbon removal initiative with Paebbl in the Wadden Sea, ranked in the top 100 of the XPRIZE competition, and participated in events such as The Next Web, Tech Tour Oceans, and Tech Tour Water.

Regarding the company’s rapid development, Ruben added: “Obviously, we want to scale up as fast as possible. That’s why we have participated in several accelerator programs like CEEZER, Blue Invest, AirMiners, and Remove. Currently, we are learning a lot by participating in the PortXL, Creative Destruction Lab / Xprize CDR program, and Ocean Vision programs.”

Investors' Support

Investors have shown strong support for SeaO₂’s mission. DOEN Participaties shared: “We are investing in SeaO₂ because current carbon removal methods are not yet effective at the required scale. Therefore, innovations like SeaO₂ are urgently needed, and funding is essential to drive the sector forward and unlock its potential for global impact.”

CarbonFix commented: “CarbonFix is proud to have helped build this coalition. Our role in the ecosystem is to catalyze networks, funding, and talent to unlock innovative pathways in the fight against climate change. SeaO₂ is a prime example of this impact.”

About SeaO₂

SeaO₂’s mission is to reduce the amount of CO₂ in both the ocean and the air to help cool the planet, restore the pH balance of the oceans, and protect biodiversity.