Cur8, a London, UK-based climate tech startup, raised £5.3M in Pre-Seed funding.
The round was led by GV (Google Ventures), with participation from CapitalT.
The company intends to use the funds to grow the team, further product development and scale up the platform’s capacity to serve more customers and suppliers.
Founded in 2022 by Marta Krupinska, Dr Gabrielle Walke and Mark Stevenson, Cur8 provides a platform that buys carbon removal credits from suppliers and builds high-quality carbon removals portfolios, combining different strategies and methods. The company carries out all supplier due diligence in-house, tracking 100+ data points across impact, integrity and scalability created using the scientific expertise of the team, to de-risk purchases and make it easier for companies to understand the quality of their carbon investments. Cur8 also tracks and monitors the progress of carbon sequestration so buyers can invest in contracts over several years, and use it to inform their ESG (environmental, social and governance) and net zero strategies.
Already the platform has provided carbon removals for events, including The Queen’s Platinum Jubilee Pageant and The State Funeral of HM Queen Elizabeth II and large-scale events including British Summer Time and All Points East, with the portfolio comprising removals such as direct air capture (1pointfive), enhanced rock weathering (UNDO) or durable soil carbon (Loam Bio).
In the future, the company will build financial tools to power the carbon removal industry that will enable new technologies to scale and ensure the industry can play a central role in combating the climate crisis.
FinSMEs
30/05/2023