German-based Carbonfuture, a carbon removal marketplace, 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. This brings the company’s total funding to USD 8.1 million.
The proceeds of the round will be used to expand the company’s geographic footprint with a core focus on the US market. In addition, Carbonfuture will also broaden its range of carbon removal technologies by scaling up its platform offering to additional partners. The seed round was also supported by 4impact capital and Sustainable Future Ventures.
Founded in 2020, 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. Carbonfuture’s high-profile customers include Microsoft, Swiss Re, Klarna, and the South Pole.
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