pHathom Technologies, a Moncton-based climate tech firm, successfully secured CAD $4 million in its latest financing round led by Propeller Ventures, with aims to advance its carbon capture solutions while contributing to New Brunswick's economic growth and climate initiatives.

Information on the Target

pHathom Technologies is a Moncton-based climate technology company that is pioneering a scalable carbon capture solution tailored specifically for biomass power plants. This innovative approach utilizes ocean-based storage to effectively and permanently eliminate carbon dioxide (CO₂) from the atmosphere. Having progressed from an initial concept to an operational pilot plant, pHathom is making significant strides in addressing one of the world's most pressing issues: carbon emissions.

The company recently completed a CAD $4 million financing round in January 2026, further showcasing its capability to garner financial backing and support. With early investment from the New Brunswick Innovation Foundation (NBIF), which totals $850,000 to date, pHathom is poised to achieve commercial viability rapidly. This latest round of investment will enable the construction of its pilot plant, with testing commencing at the esteemed Huntsman Marine Science Centre in St. Andrews, New Brunswick.

Industry Overview in New Brunswick

The climate tech sector in New Brunswick is gaining momentum, driven by a growing recognition of the need for sustainable solutions to combat climate change. As awareness of environmental issues escalates, investments in innovative techno