Stockholm-based Net Zero Company, a company dedicated to advancing carbon removal accessibility, has completed a $5.5M (approximately €5.13M) seed funding round. Investors including Oilinvest, VARO Energy, and SilviCarbon led the investment.
The funds will help the company in its global expansion efforts and introduce new products, including the Carbon Removal Token—a real-world asset-backed token.
Helping society transition to net zero
Net Zero Company claims to be a leader in high-quality carbon removal solutions. Its mission is to lead the shift towards a sustainable, carbon-neutral future.
The company was founded in 2022 by carbon market lawyer and expert Dr. Peter Ebsen, Swedish entrepreneurs Anders Forsberg, Robin Stenman of Tourn International, serial tech founder Robin Bäcklund, and forest equity veteran Carl Johan Krigström.
With a team of industry experts, the company aims to democratise carbon offsetting and accelerate worldwide initiatives to combat climate change.
Currently, Net Zero Company is led by CEO Håkan Nordkvist, formerly Head of Sustainability Innovation at IKEA Group, and an advisor for the University of Cambridge accelerator, The Canopy, and The Core Climate Fund. The company also receives strategic guidance from advisor Lord Ed Vaizey of Didcot.
Net Zero Company has been supported by partnerships with Microsoft and Metaco/Ripple, aiming to transform carbon removal solutions.
CEO Nordkvist, says, “There are no shortcuts to reach net zero; reducing emissions is crucial, but we must also innovate with new solutions. That’s why we’re committed to providing high-quality, nature-based carbon removals that are risk-free and easy to use.”
“Our mission is to democratise access to carbon removals by leveraging blockchain technology to digitise carbon removal credits. With escalating emissions and rising temperatures fueling environmental degradation, the need for effective carbon removal solutions has never been more urgent.”
Introduction of Carbon Removal Token
Net Zero Company has launched the Carbon Removal Token (CRT) to meet the growing demand for 3 billion tonnes of carbon removals by 2030.
Using blockchain technology, CRT ensures enhanced accessibility, transparency, and traceability in the verified carbon credits market.
The CRT integrates key features essential for advancing global climate action. Certified carbon removal projects guarantee the integrity and protection of carbon removals, fortified by a complete replacement strategy.
Developed on the Ethereum blockchain, the CRT ensures transparency by offering verifiable proof of environmental impact, enhancing credibility and accountability in carbon credit markets.
Each CRT represents a tonne of carbon dioxide sequestered from various nature-based projects, providing full traceability through blockchain technology. This promotes accessibility, enabling individuals to participate in purchasing carbon removals and contribute to mitigating climate change.
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