Canada's Gigaton-Scale Carbon Removal Project Developer, Deep Sky, Raises C$75M Series A Funding
MONTRÉAL, Nov. 16, 2023 /PRNewswire/ -- Deep Sky, a Montreal-based carbon removal project developer, today announced it has raised a total of $75M CAD in its Series A funding to support gigaton-scale carbon removal in Canada. The round includes conversion of its $17.7M seed note and $57.5M in new capital co-led by Brightspark Ventures and Whitecap Venture Partners, with major participation from Investissement Québec ($25M), as a mandate of the government of Quebec, OMERS Ventures, and Business Development Bank of Canada (BDC)'s Climate Tech Fund. The fresh capital will be used to begin planning and construction of its first commercial facility; grow the team; build corresponding carbon removal software for selling carbon credits; and fund its Alpha research facility, the world's first carbon removal research center.
- MONTRÉAL, Nov. 16, 2023 /PRNewswire/ -- Deep Sky , a Montreal-based carbon removal project developer, today announced it has raised a total of $75M CAD in its Series A funding to support gigaton-scale carbon removal in Canada.
- Alongside the fresh capital, Deep Sky has added two prominent independent board members, Annesley Wallace and Sam Duboc.
- We're committed to making Canada the carbon removal capital of the world and offering the highest quality carbon emission offsets."
- Deep Sky is the world's first carbon removal project developer deploying the best carbon capture technology from around the world under one roof.