Carbonable, which uses blockchain technology to reduce carbon emissions and prevent greenwashing, has raised $1.2 million in a seed round led by Ethereal Ventures and La Poste Ventures.
Carbonable Raises $1.2M in Seed Funding
The funds raised will be used to expand the R&D team, oversee international biodiversity projects, and establish new partnerships. The company aims to bring the interests of employers, investors, and our planet to a common ground. This happens by balancing biodiversity, community impact, and carbon emissions. Guillaume Leti, Co-Founder of Carbonable, said:
“Today, when environmental leadership represents both a need and an opportunity, climate contributions must be part of every corporate strategy. Our company brings an actionable solution to empower businesses to execute their climate contributions approach in the most effective way. We are the only player that overcomes the three main challenges of funding, operations and communications.”
Carbonable’s approach is based on moving environmentally friendly projects forward with the help of blockchain technology. Projects selected by the platform achieve carbon capture transparency through carbon credit supply management, auto-accounting, asset liquidity, and real-time impact reporting. The company’s client portfolio includes pharmaceutical, media, and Web3 companies. By becoming more environmentally friendly, these companies increase their efforts to prevent climate change. Ramzi Laieb, Co-Founder, Carbonable:
“To reach net zero globally, major corporations need to first reduce their carbon footprint and then support climate contributions. Carbonable ensures the best execution for investors and offsetters to contribute to carbon neutrality in the right way – this is key to creating a sustainable future.”
About Carbonable
Using Web3 and Blockchain technology, the startup aims to benefit environmentally friendly companies by offering services such as cost savings, portfolio management, and digital project tracking. It also offers tools to monitor companies’ carbon emissions, countering the issues of carbon emissions and greenwashing.
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