FREIBURG, Germany, September 27, 2022 /PRNewswire/ — Carbonfuture, the digital MRV platform and marketplace for high-quality carbon offset credits, has successfully raised €5.5 million in a seed round led by its existing investors Carbon Removal Partners, Ubermorgen companies Y WiVenture. They were joined by the venture capital fund tech4good 4capital impact and the value-added investor Companies with a sustainable future. This financing will allow Carbonfuture to strengthen its presence by focusing on the US market, allowing it to meet growing demand from high-profile clients such as Microsoft, Swiss Re, Klarna and South Pole. This will be achieved by expanding the range of innovative carbon removal technologies supported by its platform, as well as extending its platform services to additional ecosystem partners.
The demand for carbon offset credits continues to grow as companies reduce their greenhouse gas emissions, but realize that their internal efforts alone will not meet their climate commitments. The carbon credit market is growing rapidly and is expected to reach a value of $50 billion by 2030but this growth is at risk of being undermined by shoddy credit that doesn’t measure up to its demands additionality or durability. carbon future stepped in to provide an essential solution that would allow a high-quality credit market to grow rapidly, while delivering the benefits environmental fiance. The comprehensive platform carbon future integrate the traceability third-party credit standards and financing tools for carbon removal technologies, ensuring a new level of credit quality for buyers and sellers, while reducing friction for rapid industry growth. Its clients include some of the world’s largest buyers of carbon credits, such as Microsoft, SwissRe, Klarna Y South Pole.
carbon future established the world’s first MRV (Measure, Report/Report, Verify) system for carbon removal. A transparent and verifiable system hosts premium carbon removal credits (carbon removal you can trust) with the built-in ability to accommodate a wide range of carbon removal technologies. Ultimately, this approach helps reduce the risk of buyer adoption and long-term commitment to carbon removal. “Our transparent digital carbon tracking solution and strict compliance with regulations and independent audits are the key components that ensure our carbon offset credits transparently deliver the climate impact they claim to have. Major buyers have already identified these trust elements as value drivers”, Hannes Junginger-GestrichDirector of carbon future.
“Carbonfuture’s MRV technology enables and dramatically accelerates the adoption of high-quality carbon offset credits. We have been impressed with the excellent team at Carbonfuture and look forward to working with them to create a more transparent, fluid and liquid carbon offset credit market.”, Ali Najaf Bagyfounder and managing partner of 4capital impact.
“At Sustainable Future Ventures, we focus on investing in startups that can help built environment companies achieve their carbon reduction goals. As significant progress is made in reducing emissions through operational improvements, we know that carbon offset credits will also play an important role in achieving these goals. The Carbonfuture platform plays a vital role in ensuring these credits are robust and accurate.”, matthew chaganpartner of Companies with a sustainable future.
carbon future is a comprehensive platform for companies that want to participate in removing carbon from the atmosphere. Climate technology startup offers access to high-quality carbon removal and participation in the world’s most progressive carbon community. Unlike traditional markets, the combination of the digital platform of carbon futureproject financing tools and long-term partnerships ensure a new level of credit quality, while reducing friction for the growth of the world’s most promising carbon removal technologies.
Companies like Microsoft, Swiss Re, Klarna Y South Pole confidence carbon future to help them meet their climate commitments in a transparent, verifiable and scientifically sound way.
carbon future operates globally with offices in Freiburg, Germany, and San Francisco, In the U.S. See the latest news about carbonfuture.earth.
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