Portfolio
2
companies
Kita
Kita provides carbon insurance products to reduce risk in carbon credit transactions.
Verna
Verna provides software that helps businesses turn biodiversity reports into actionable nature restoration projects.
The London-based NatureTech startup secured $4m to scale its platform and deploy new artificial intelligence tools for nature recovery.
"As threats to the natural world become more urgent, any organisation dependent on land – whether directly or through their supply chain – has a business resilience need to invest in nature recovery."
Octopus Ventures led the oversubscribed seed round alongside participants including Insurtech Gateway and Chaucer Group.
"Carbon removal plays a critical role in the fight against climate change and there is a pressing need to scale these technologies at an unprecedented size and pace. Insurance is essential to enable this rate of growth by de-risking investments into carbon removal solutions and building in incentives that increase the supply of high-quality carbon credits in the market. We are thrilled to have the opportunity to work with Kita in bringing 'first of its kind' carbon insurance solutions to market to help unlock billions of dollars of investment into the space, increase transparency in the Voluntary Carbon Market, and fight the climate crisis."
