Montreal-based Deep Sky raises $75 million series A funding

Company

Deep Sky

Law Firm / Organization
Osler, Hoskin & Harcourt LLP
Lawyer(s)

Shahir Guindi

Company

Brightspark Ventures

Company

Whitecap Venture Partners

Law Firm / Organization
Goodmans LLP

Deep Sky, a Montreal-based carbon removal project developer, has raised $75 million in its Series A funding to support gigaton-scale carbon removal in Canada. The round includes the conversion of its $17.7 million seed note and $57.5 million in new capital co-led by Brightspark Ventures and Whitecap Venture Partners, with major participation from Investissement Québec ($25 million), 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.

Financing/Investment
Tech/Computer/IT
$ 75,000,000
Closed
16 November 2023