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Net Zero Company, A Swedish Carbon Removal Startup Raises $5.5M For Launch of Carbon Removal Token


Carbon Removal Token

June 24, 2024


Net Zero Company, based in Stockholm, has raised $5.5 million in Seed funding from leading investors including Oilinvest, VARO Energy, and SilviCarbon. The company uses blockchain technology to provide Carbon Removal Tokens (CRT), ensuring market transparency, traceability, and security for verified carbon credits. With this investment, Net Zero Company aims to broaden its global reach and launch a range of new products, including the CRT, to meet the pressing demand for scalable carbon removal solutions.

Project

Latest Raise

Latest Raise Date

Stage

Category

Net Zero Company

$5.5M

June 24, 2024

Seed

Energy

The executive team comprises co-founders Peter Ebsen, Robin Stenman, Anders Forsberg, Robin Bäcklund, Carl Johan Krigström, and other executives such as CMO Rosanna Thun, CFO Jesper Karlström, CTO David Gabor, along with advisors like Cecilia Kellner and Lord Ed Vaizey.


About Net Zero Company

Net Zero Company utilizes blockchain technology to enable secure and transparent transactions of carbon credits, with a global focus on nature-based carbon removals. Established in 2022 by Håkan Nordkvist and a group of industry specialists, the company's goal is to create a Net Zero Ecosystem by minting digital assets that represent physical, audited carbon dioxide removals (CDRs). This strategy combines environmental integrity and social responsibility, making carbon removals accessible and encouraging worldwide involvement in the shift to net zero.

X Followers today: 11,840

 

About Investor

This round was participated by Oilinvest, VARO Energy, and SilviCarbon.


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