CNaught

CNaught is an online carbon credit platform that provides diversified portfolios of carbon offsets. CNaught relies on a science-backed approach driven by deep project research and due diligence to increase the transparency of the carbon credits. It offers carbon offset solutions to the homebuilding, transportation, and retail sectors.

CNaught provides carbon credits with flat, usage-based pricing that allows scaling per the buyer’s requirement. It also offers volume discounts and flexible purchase frequency. The CNaught platform has an embeddable widget that provides an impact page and an API that can be integrated into existing workflows. CNaught’s portfolios are made up of five categories of projects that are classified based on whether they avoid emissions or remove carbon and how long they store carbon. These are 1) Emissions Reduction, 2) Conservation, 3) Capture & Storage, 4) Short-lived Removal, and 5) Long-lived Removal.

Key customers and partnerships

As of February 2024, CNaught had retired more than 10,000 tonnes of carbon credits since its soft launch in April 2023. The company’s initial customers include Pure Insurance, DuckDuckGo, Homebound, Thrive Home Builders, Canopy, Hitch, and Zeelo. The company’s customers had also indicated commitments to purchase up to 1,000 tonnes of CO2 removal credits.

CNaught also partners with independent third-party rating agencies like BeZero, Calyx Global, Renoster, and Sylvera to analyze the risks of projects that are listed on credit registries like Verra or Gold Standard.

Funding and financials

The company’s latest funding round was in October 2023, when it raised USD 2.25 million in a pre-seed round led by Greycroft. The company intended to use the funds to expand sales activities globally and create partnerships with carbon offsetting companies.