Amsterdam's startup SeaO2, which leverages the seawater-based carbon removal power, has raised €2 million in a seed funding round. Investors include DOEN Participaties, the NEW-TTT fund, Future Tech Ventures, and CarbonFix.
- Founded in 2022 by Ruben Brands, Rose Sharifian, and David Vermaas, SeaO2 develops Direct Ocean Capture (DOC) technology that uses an electrochemical process to extract CO₂ from seawater, allowing it to be stored or repurposed.
- By lowering CO₂ levels in the ocean, SeaO2 also indirectly reduces atmospheric CO₂, tackling climate change and the increasing acidification of seawater.
Details of the deal
- The investment round was backed by the Amsterdam-based investment management firm DOEN Participaties, the NEW-TTT fund, Groningen-based Future Tech Ventures, and Amsterdam-based CarbonFix.
"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," DOEN Participaties' team, commented in a press release.
- With the new funding, SeaO2 will transition its DOC technology from prototype to pilot plant, aiming to capture 250 tons of CO₂ annually by 2025 while expanding team capabilities and implementing a robust monitoring system. This investment accelerates their mission to remove one megaton of CO₂ by 2030 and a gigaton by 2045.
“This investment recognizes our team’s hard work and dedication. With this extra support, which so far included grants, subsidies, our investments, and early customers, we can scale our operations and accelerate our impact on climate change even more rapidly," CEO and co-founder of SeaO2, Ruben Brands, said.
