JustCarbon

UK-based JustCarbon has developed a blockchain-based carbon marketplace that offers B2B and B2C carbon offset solutions. The company enables carbon credit buyers to fund nature-based projects directly by purchasing JustCarbon Removal (JCR) tokens. Each token offsets 1 ton of carbon.

JustCarbon also provides “Carbon Farms.” These are carbon removal projects that have been parceled and can be leased by customers as financial products. The carbon “harvested” by these is owned by the leaseholder and can be sold, traded, or offset. Furthermore, in February 2024, the company pivoted its direction to also offer investment solutions for large-scale nature based carbon removal projects.

In July 2024, the company was acquired by Changeblock, a UK-based carbon market facilitator, for an undisclosed sum. Through this acquisition, Changeblock integrates JustCarbon's large-scale carbon removal projects into its platform, leveraging its extensive data and technology capabilities to facilitate gigaton-level carbon capture and storage initiatives.

Key customers and partnerships

In June 2022, JustCarbon partnered with Nemesis Technologies , a digital venture capital fund, to incorporate JCR carbon credits into funding transactions to make them carbon neutral. In September 2022, the company partnered with Carbon Savvy to integrate its JCR tokens into the latter’s carbon footprint calculator.

In November 2022, JustCarbon established a partnership with Seafields , its sister company, to tokenize ocean-based carbon capture. In the same month, the company also partnered with SeedLegals to accelerate the latter’s first carbon-neutral investment raise by retiring 200 JCRs.

Funding and financials

JustCarbon’s most recent funding was in May 2022, when the company raised USD 355,500 through an initial coin offering.