PHathom Technologies Closes Successful Seed Financing Round
PHathom Technologies Closes Successful Seed Financing Round
https://oceannews.com/news/milestones/phathom-technologies-closes-successful-seed-financing-round/
Publish Date: 2026-02-06 10:57:00
Source Domain: oceannews.com
The round was led by Propeller Ventures, with participation from the New Brunswick Innovation Foundation (NBIF), Invest Nova Scotia, and strategic investor Carmeuse Ventures. pHathom’s approach captures biogenic carbon dioxide from existing coastal bioenergy facilities and converts it, through controlled land-based industrial processes, into stable dissolved inorganic carbon forms that already occur naturally in seawater. The facility’s treated water is returned at closely matched conditions to the receiving waters, without inducing atmospheric carbon drawdown or requiring any intervention or manipulation in the marine environment.
This enables durable, verifiable carbon storage outcomes without requiring new pipelines, long-distance transport, or geological injection, while operating entirely within existing industrial and regulatory footprints. The technology is designed to meet the highest standards for measurement and verification.
“Reducing emissions from large facilities isn’t enough unless the solution is durable, verifiable, and responsible,” said Dr. Kimberly Gilbert, CEO of pHathom Technologies. “This investment allows us to demonstrate a bioenergy carbon capture pathway that works within existing infrastructure, meets high scientific and measurement standards, and can be governed using established regulatory frameworks.”
The investment will support pilot projects focused on reducing baseline biogenic greenhouse gas emissions from bioenergy facilities, alongside the scientific, monitoring, and regulatory work required to responsibly validate this approach for wider deployment.
“We’re thrilled to support pHathom as they close this investment round and accelerate the development of their carbon removal technology,” said Steven Fox, Partner at Propeller Ventures. “The team is addressing carbon removal with highly-scalable, customer-first technology for durable carbon removal from existing emitters. This financing positions pHathom well…
