Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Greentrade raises fresh funding for its marketplace for nature-based carbon credits and impact claims

Atish Rajasekharan by Atish Rajasekharan
August 30, 2022
in (Crowd)funding, E-commerce, News
GreenTrade

Frederick Leuschner, CEO, GreenTrade // Image Credit: GreenTrade

19
SHARES
LinkedInTwitterWhatsAppFacebook

Berlin-based GreenTrade is a marketplace for forward financing of projects based on nature-centric carbon credits and impact claims. Today, the company announced the closing of a “near seven-figure” pre-seed funding round. 

The investment was led by the US-American Climate/Web3 venture capital company, Cerulean, with participation from Draft Ventures, Allegory, and Flori Ventures, as well as several business angels and serial entrepreneurs, including Tom O’Keefe and Sundeep Ahuja, partners at investment firm Climate Capital.

- Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more

Rethinking carbon credits

GreenTrade was founded in March 2022 by Katrin Klingenberg, Ulf Hackbarth, Carsten Hermann, and Frederick Leuschner, a team of serial entrepreneurs from Berlin/Eberswalde, Germany. 

By transforming long-term offtake agreements with project developers into digital tradable assets, the climate tech business hastened the financing of new carbon projects. These NFTs are then made available to corporate buyers…

GreenTrade’s objective is to aid in climate change mitigation by providing an extra supply of 1 billion carbon credits by 2030.

Frederick Leuschner, co-founder and CEO at GreenTrade, says, “On the one hand, project developers face high up-front costs to generate carbon credits only in the future. On the other hand, companies committed to reducing their environmental impact are competing for a fast-dropping inventory of already existing credits.”

He further says, “We use forward contracts to close this gap: project developers receive financing right away, and corporate buyers get access to high-quality projects while protecting themselves against future price surges.” 

According to the company, “The creation of carbon credits as well as all their transactions are recorded on the blockchain, guaranteeing the integrity and traceability of digital assets. The token protocol also allows project developers and third-party verifiers to enter measurement and verification information about carbon projects, such as data from satellites, drones, sound mapping, and soil analysis, offering absolute transparency for buyers. “The immutable records of the blockchain rule out any possibility of data manipulation,” says Leuschner.

El Gato project

According to the company, nature-based solutions that prevent new emissions or remove carbon from the atmosphere have the potential to provide up to one-third of the emissions reductions required to meet the Paris Agreement’s targets. The issue is that these initiatives get less than 3 per cent of total global climate finance. According to the United Nations Environment Programme, the world must address a USD 4.1 trillion financial gaps in nature by 2050 if it is to fulfil climate change objectives. 

GreenTrade’s first nature-based carbon credits will be available in Q4/2022 in the areas of forest protection and ocean restoration. One example is the El Gato project, which was developed in collaboration with the German-Canadian NGO Wilderness International. The concept entails purchasing huge tracts of untouched rainforest in Peru and cataloguing them in the official land register, providing permanent legal protection. 

El Gato will not only reduce the production of 260,000 tonnes of greenhouse gases over a 30-year period, but it will also provide positive externalities, such as the conservation of Amazonian species and biodiversity, as well as the development of local employment. The resultant carbon credits will be verified by Verra, the world’s premier carbon accounting organisation.

Jahed Momand, general partner at Cerulean (Santa Barbara) says: “Cerulean is an active investor within the intersection of climate tech and web3, and we look for teams building fundamental infrastructure necessary to scale climate impact. We believe in GreenTrade’s high-calibre team, their vision and experience in executing and scaling businesses. GreenTrade’s technology generates high-quality nature-based carbon credits, which face strong and increasing demand. This investment is a contribution to protecting both the financial and the environmental value nature provides.”

About Cerulean VC

Cerulean Ventures is a venture capital business that thinks natural assets can unleash the next USD 50 trillion in development while rewarding Earth’s regeneration via new coordination technologies. Cerulean Ventures invests in crypto/web3 startups that are building the infrastructure and tools needed to grow climate impact in the next decade.

 - Partner content -
Personio
Half your staff are planning to quit soon!
Here’s how you can make them stay. Check it out!Show More
Here’s how you can make them stay. Check it out! Show Less
Read more
Tags: e-commercefundingnewsNFT
Share1Tweet5SendShare8

Featured | Tech Events

Current Month

february

09feb13:0014:00Key Employee Visa Programme for Dutch StartupsAre you a Dutch startup that is interested in attracting international talent or relocating your team to the Netherlands?

Silicon Canals | Jobs


Free HR whitepaper | by Personio

Want to know how HRs across Europe are rethinking retention and performance management post pandemic? Get this FREE whitepaper by PERSONIO now!

Partner content | Work with us

Recruiters become job seekers: The changing face of recruitment amidst tech layoffs

Putting the Capital in HCM: A look at how HR is defining strategic business decisions in a digital-first world

From retail to hospitality: how Omniboost evolved its product to solve a major data challenge with tech

Breaking news from Amsterdam | Partner

Women in AI: Prominent Amsterdam-based AI thought-leaders reveal their inspirational role models

Amsterdam’s ViaLuxury.com bags funds for AI-based overcapacity booking platform for luxury hotels

Amsterdam’s People Intouch, a whistleblowing platform, bags funds from Fortino Capital

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X