Carbonfuture has gained a huge vote of confidence in its ability to deliver on its promise of “carbon removal you can trust,” with investors putting $2.8 million in seed funding into the company. The investment round was led by Übermorgen Ventures, which was joined by early-stage investor seed + speed Ventures, impact investor Wi Venture, plus existing investors and additional business angels.
If humanity is to stand any chance of meeting the targets laid out in the Paris Agreement, then we need to use every available tool at our disposal. Carbon removal and capture has the potential to form a key part of the mix. Historically, the practice has beenand carbon offsetting has often been criticized as a little murky and open to misuse. Carbonfuture set out to upend this perception by baking in the key values of effectiveness and traceability into its platform focused on carbon removals .
Founded in 2020, the German company has established a strong team of multi-disciplinary experts from the worlds of IT and product development, finance and risk management, plus members with key management and entrepreneurial experience, and has recently opened shop in California.is a marketplace and digital platform that collects, manages, and trades carbon sink certificates.
These processes ensure that buyers can have full trust in the marketplace and the carbon future credits. When someone purchases credits through the platform, they can be assured that the CO2 has been safely removed from the atmosphere and will be sequestered for a minimum of 100 years. Company COO Andreas Hölzl explains why Carbonfuture operates in the way it does:False climate promises are dangerous. In the end, it’s not just the individual company that suffers, but the entire market.
Scaling is at the forefront of Carbonfuture’s plans, and this is the direction in which the new capital will be utilized. For its offering to have a significant impact in the fight against climate change, more team members and more carbon removal suppliers will need to be brought on board. CEO Dr. Hannes Junginger knows that expansion is key, and he has a vision for the future.The road to Net-Zero will not be an easy one and can only be managed through cross-sector collaboration,” he explained.
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