Carbonfuture

German-based Carbonfuture offers a marketplace for carbon removal credits. The company offers a monitoring, reporting, and verification (MRV) platform for digital carbon tracking, project financing tools, and third-party credit standards.

Key customers and partnerships

Carbonfuture’s high-profile customers include Microsoft, Swiss Re, Klarna, and the South Pole. In January 2023, Carbonfuture entered into a long-term agreement with Klimate.co , a Denmark-based carbon removal management company, to supply the latter with 1,800 carbon removal credits. In August 2023, the company entered into a similar carbon removal agreement with Sitos Group. In the same month, Carbonfuture partnered with Puro.earth to integrate the latter’s certification into Carbonfuture’s Trust Infrastructure, and to facilitate the sale of CO2 removal certificates (CORCs) via the Carbonfuture Marketplace.

In September 2023, Carbonfuture partnered with CEEZER to integrate their portfolio of CDR projects into CEEZER's platform. Furthermore, in October 2023, Carbonfuture provided durable carbon removal credits to Greenly's customers. In December 2023, the company signed an off-take agreement with Microsoft to provide biochar carbon removal (BCR) credits for 32,000 tons of CO2 removal by June 2024. The company also extended its partnership with SwissRe to provide at least 70,000 tons of biochar carbon removal credits over seven years in June 2024. In July 2024, Carbonfuture entered into a multi-year brokerage and MRV agreement with BluSky Carbon, a clean technology carbon removal company, to facilitate the sale of carbon removal credits to companies such as Microsoft and Swiss Re.

Funding and financials

Carbonfuture’s most recent funding round was in September 2022, when it raised EUR 5.5 million (USD 5.3 million) in a seed funding round led by its existing investors Carbon Removal Partners, Übermorgen Ventures, and WiVenture. The proceeds were used to expand the company’s geographic footprint with a core focus on the US market.