Carbon13 raises over $2.2m in seed funding to expand its climate venture builder programmes.
The seed round was backed by True Ventures and four family offices to support the venture builder's climate startup cohorts.
≈ £1.7M at $1 = £0.7768 on 20 Jul 2023
Carbon13 operates as a venture builder focused on supporting startups dedicated to tackling the climate emergency and carbon capture.
Carbon13 has secured over $2.2m in a seed funding round backed by True Ventures and several family offices. The capital will support the venture builder in scaling its operations and programmes as it targets the creation of 200 startups by the end of 2025.
Since its founding in Cambridge in 2019, the organisation has backed more than 350 founders across multiple cohorts. The fresh injection of funds will drive the expansion of its venture building activities and increase its capacity for nurturing climate technologies.
From the founder
"This investment from True Ventures and four family offices is crucial to Carbon13’s plans for scaling our support to entrepreneurs tackling the most urgent global challenges in decarbonisation and carbon capture. I’m also delighted that Carbon13 is joining True’s community of decarbonisation startups."
Chris Coleridge
CEO and Founder at Carbon13
Investor perspective
"Our investment in Carbon13 and its focused support of carbon-neutralising technology is an incredible complement to our portfolio of climate tech investments. What’s more, the Carbon13 team aligns deeply with our values and belief in the creative entrepreneur. They invest in people first and tech second. We’re thrilled for this partnership and to help embolden their important work around mitigating climate change."
Priscilla Tyler
Vice President, True Ventures
Use of funds
- 01Scale operations
- 02Fund the next phase of growth
