Thallo, a climate technology and web3 startup project announced last week that it had closed the seed round investment with a capital of $ 2.5 million. According to the company’s statement, among the investors were the institutional blockchain and crypto company Ripple and Arcan LLC and Friendly Trading Group 2, as well as Allegory, Deculan Ventures and Floki Ventures as the leading investors. With this fund, Thallo will accelerate the development and marketing of the company’s flagship, the Thallo Carbon Exchange.
Ryan Gledhill, Thallo Co-Founder and CEO said: ‘The only realistic way to make real progress on the climate emergency is to increase participation. That means that every person who wants to invest in the future of our species, every investor is seeking to capitalize ten of ESG, and every company that wants to be a force for good effortless benefit from direct access to the voluntary carbon market. That’s precisely what Thallo provides, and our investors and partners are completely aligned in our mutual goal.’
Thalo was co-founded by climate technologists and blockchain startups. By being the nexus between legacy carbon market players and web3 innovation, the company aims to fill a major gap in today’s voluntary carbon market. Thallo is using blockchain technology to create a better voluntary market that allows funding to go to projects, not intermediaries.
The company’s flagship, the Carbon Exchange, enables businesses and individuals to communicate directly with project developers using blockchain technology to make the process efficiently traceable and transparent. The company’s flagship Carbon Exchange will allow businesses and individuals to filter, find and purchase high-quality and verified carbon credits directly from project developers using blockchain technology to make the process efficiently traceable and transparent.
Thallo has already made great progress in this regard. Recently, Thallo announced that it will launch the world’s first two-way carbon bridge in collaboration with the award-winning Colombia-based registry BioCarbon Registry. Through this two-way bridge, companies and individuals can extend loans outside the blockchain. Thus, they allow easy use, purchase and sale of loans on fully transparent and traceable conditions.
Thallo uses first-of-its-kind blockchain technology to revolutionize and democratize carbon markets, making it easy for buyers and sellers of high-quality carbon credits to find each other. Their team of senior blockchain entrepreneurs and climate technology experts is combining technological expertise with deep sustainability knowledge to create the carbon market of the future. Thallo’s initial institutional capital raising was oversubscribed and investors were led by Friendly Trading Group 2, LLC and Arcan LLC.