Carbonfuture, a Freiburg, Germany-based digital MRV (monitoring, reporting, verification) platform and marketplace for carbon removal credits, raised EUR 5.5m in funding.
The round was led by its existing investors Carbon Removal Partners, Übermorgen Ventures, and WiVenture, which were joined by tech4good venture capital fund 4impact capital and Sustainable Future Ventures.
The company intends to use the funds to further grow its presence with a focus on the US market, enabling it to meet demand of customers by broadenening the range of innovative carbon removal technologies supported by its platform, as well as by expanding its platform services to additional ecosystem partners.
Led by Hannes Junginger-Gestrich, CEO, Carbonfuture provides an end-to-end platform for companies who want to participate in removing carbon from the atmosphere. The climate tech startup offers a digital platform, project financing tools, and long-term partnerships, which ensures a new tier of credit quality, while reducing friction for growth across the world’s most promising carbon removal technologies.
Customers include some of the largest carbon removal buyers in the world, such as Microsoft, SwissRe, Klarna and South Pole.
Carbonfuture operates globally with offices in Freiburg, Germany and San Francisco, USA.
FinSMEs
27/09/2022