CNaught Raises $2.25M in Pre-Seed Funding

CNaught co-founders Mark Chen, Steve Siger and Dan Kokotov (Photo: Business Wire)

CNaught, a San Francisco, CA-based science-based seller of carbon credits, raised $2.25M in Pre-Seed funding.

The round was led by Greycroft, with participation from Carthona Capital, Long Run Capital and angel investors.

The company intends to use the funds to expand its sales outreach globally to enterprises of all sizes.

Led by Mark Chen, Steve Siger and Dan Kokotov, CNaught is creating a way to purchase a science-backed portfolio of trustworthy carbon credits with flat, usage-based pricing. Its transparent approach, including deep project research and due diligence, enables companies to have confidence they are driving meaningful climate impact with their carbon credit purchases. By making it easy to access reliable climate impact, it is empowering companies across the homebuilding, transportation, retail and other sectors to achieve their climate goals faster.

Since its soft launch in April 2023, CNaught has retired more than 10,000 tonnes of carbon credits. Initial customers include Pure Insurance, DuckDuckGo, Homebound, Thrive Home Builders, Canopy, Hitch, and Zeelo.