Ocean fertilization firm Climos gains financial backing
Climos, a start-up that plans to mitigate climate change by stimulating plankton growth, said on Wednesday that it has raised a series A venture capital round of $3.5 million.
Braemar Energy Ventures led the round, which also included participation from investor Elon Musk, now chairman of Tesla Motors.
As previously reported, the funding will be used to develop and test Climos' ocean iron fertilization technique, in which an iron compound is put into the sea to stimulate the growth of plankton.
As the plankton grow, they take the greenhouse gas carbon dioxide out of the atmosphere. Over time, some … Read more
