Pond Technologies

About:

Pond captures industrial emissions and grows algae off it. Algae are processed into nutraceuticals, animal feed, or petroleum derivatives.

Website: http://pondtech.com/

Twitter/X: pondtechglobal

Top Investors: MaRS Investment Accelerator Fund, Hampton Securities Limited, Pyfera Growth Capital, Industrial Alliance Securities, Ontario Centres of Excellence

Description:

Pond is one of the first companies to commercialize a scalable Carbon Capture & Utilization technology that can be deployed at existing industrial sites. The algae photosynthesize and consumer carbon dioxide emissions. Pond's uses its proprietary growth platform to grow algae at a rapid rate in confined vessels (large tanks) - resulting in high-volume, high-quality algae biomass ready for further processing Pond algae is converted into a range of products, including nutraceuticals (astaxantin, chlorella, spirulina), high-protein animal feed, or petroleum derivatives (e.g. green plastic, cosmetics, industrial lubricants, or biofuel). Pond's growth platform is modular, scalable, bolt-on solution with zero water loss and minimal land footprint on existing industry sites. Pond essentially closes the carbon loop by mining our economy's biggest output - carbon dioxide.

Total Funding Amount:

$21.1M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Markham, Ontario, Canada

Founded Date:

2007-01-01

Contact Email:

info(AT)pondtechnologiesinc.com

Founders:

Max Kolesnik, Steven Martin

Number of Employees:

11-50

Last Funding Date:

2023-06-06

IPO Status:

Public

Industries:

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