Amsterdam-based startup SeaO2, known for its pioneering carbon removal technology, has successfully raised over €2 million in a recent funding round. This financial boost is crucial for the company as it transitions from prototype to pilot plant, enhancing its team and developing a Monitoring, Reporting, and Verification system. These advancements are vital steps towards achieving SeaO2’s ambitious goal of removing substantial amounts of CO₂ from the environment. By leveraging this technology, SeaO2 aims to significantly impact global carbon reduction efforts.
SeaO2, established in 2021 by Ruben Brands and his colleagues, previously made headlines with its electrochemical process to remove CO₂ from seawater. In earlier reports, the company demonstrated success in a project with Paebbl in the Wadden Sea, showcasing practical application of their technology. Their recognition in the top 100 of the XPRIZE competition and participation in various accelerator programs further highlight SeaO2’s influence in the carbon removal sector.
What Drives SeaO2’s Mission?
Founded by Ruben Brands, Rose Sharifian, and David Vermaas, SeaO2 employs innovative technology to extract CO₂ directly from seawater through an electrochemical process. This method not only allows for carbon capture but also restores the ocean’s ability to absorb more CO₂ from the atmosphere by returning carbon-free water. The company’s commitment to scaling operations is evident in its partnerships and participation in key coalitions such as the Carbon Business Council and the Negative Emissions Platform.
Who Are the Key Investors?
The recent funding round saw contributions from several investors, including DOEN Participaties, NEW-TTT fund, and Future Tech Ventures. DOEN Participaties focuses on sustainable startups, highlighting SeaO2’s potential in addressing climate challenges. CarbonFix, another key investor, supports breakthrough solutions in climate technology, emphasizing SeaO2’s role in pioneering innovative carbon removal methods. These investments reflect a shared belief in the urgent need for effective and scalable carbon removal solutions.
SeaO2’s collaborations with organizations such as XPRIZE Carbon Removal, TU Delft, and others underscore the importance of strategic alliances in achieving environmental goals. These partnerships provide the technological and intellectual support necessary to advance SeaO2’s mission. Additionally, their pilot plant, scheduled for launch in the summer of 2025, aims to remove 250 tons of CO₂ annually, representing a significant step towards the company’s long-term objectives of removing a gigaton of CO₂ by 2045.
As the startup progresses, it continues to learn from programs like PortXL and Ocean Vision, which offer valuable insights for further scaling. SeaO2’s commitment to its mission is reflected in its participation in these programs and its dedication to finding solutions to combat climate change.
SeaO2’s receipt of substantial funding signifies a critical phase in its development, as it prepares to scale up its operations and impact. The startup’s success in attracting investment is a testament to its innovative approach to carbon capture. By continuing to foster strategic partnerships and enhance its technology, SeaO2 stands poised to make a significant contribution to global carbon reduction efforts, offering a promising avenue for addressing climate challenges.
