Funding for Startup to Develop CO2 Capture Tech
Dutch startup SeaO₂ has received more than €2 million in new investments that will finance the development of its Direct Ocean Capture (DOC) technology, which efficiently extracts CO2 from seawater. This funding will also support the goal of removing one megaton of CO2 by 2030 and a gigaton by 2045.
SeaO₂ aims to mitigate climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO2 from the atmosphere. The 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 summer 2025.
The recent investment round attracted support from DOEN Participaties, NEW-TTT fund, Future Tech Ventures, CarbonFix, angel investors Eduard Talman and Siddharth Kambe, and others.