Portfolio
3
companies
Carbonplace
Carbonplace provides a carbon credit transaction network connecting buyers and sellers through banks.
Fnality International
Fnality International develops blockchain payments technology for wholesale financial markets.
Zenobē
Zenobē operates electric vehicle fleets and provides battery storage solutions.
A syndicate of 13 banks and financial institutions backed the £410m debt financing round.
"This milestone is not just a win for Zenobē but marks a significant leap forward in the movement towards a clean, low-carbon transportation sector in the UK."
The Series B round will help fund the deployment of the company's tokenised cash innovation and global liquidity management ecosystem.
"Our Series B funding round represents the financial sector’s desire for a central bank money backed blockchain-based settlement solution that bridges the gap between traditional finance (TradFi) and decentralised finance (DeFi) in wholesale markets. Each Fnality Payment System utilises DLT to provide a 24/7 payment rail with the ability to reduce settlement cycles to real-time, while significantly improving intraday liquidity management and marking significant innovation in the speed, functionality, and resilience of wholesale payments."
The funding comes from nine founder banks to support platform scaling and team expansion.
"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."
