Carbonplace raises £37.2m seed funding from nine banks to scale its carbon credit platform.
The funding comes from nine founder banks to support platform scaling and team expansion.
Carbonplace operates a carbon credit transaction network that connects buyers and sellers through banks. The firm provides a secure platform for trading and retiring carbon credits.
Carbonplace has secured £37.2m in seed funding from nine founding financial institutions to establish itself as an independent entity. The investment will enable the company to scale its platform, expand its team, and widen its services to additional market participants.
The newly independent firm is led by CEO Scott Eaton and aims to facilitate transparent and secure carbon credit transactions. The backing comes from a coalition of global banks that share equal equity ownership in the enterprise.
From the founder
"With Carbonplace, we are transforming the way that carbon credits are bought, distributed, held and retired. I am excited to take this company to the next level of its evolution, and to help unlock its massive potential to drive significant economic and social value by opening the carbon markets up to the world."
Scott Eaton
CEO at Carbonplace
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
Investors
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About the company
Carbonplace
Carbonplace provides a carbon credit transaction network connecting buyers and sellers through banks.