From an early-stage idea to a pilot plant in motion, pHathom Technologies is proving how New Brunswick–born innovation can help tackle one of the world’s most urgent challenges: carbon emissions.
NBIF was the first institutional investor in pHathom Technologies, a Moncton-based climate tech company that recently closed a $4M CAD financing round in January 2026. NBIF’s early conviction now totals $850,000 in investment, including $500,000 in this latest round and $350,000 invested in 2024. The round was led by Propeller Ventures, with participation from Invest Nova Scotia and strategic investor Carmeuse Ventures.
NBIF’s early conviction is now paying off. pHathom is developing a scalable, at the source carbon capture solution for biomass power plants, using ocean-based storage to permanently remove CO₂ from the atmosphere. With this latest financing, the company will move from concept to execution by building its pilot plant, with testing underway at the Huntsman Marine Science Centre in St. Andrews, New Brunswick – a major milestone on the path to commercialization and global impact.