Achieve carbon neutrality in the corporate world using Blockchain with Carbonable
Carbonable, the most complete platform for companies to manage investments in their climate contribution and effectively execute their climate strategy, is pleased to announce a $1.2 million seed round led by Ethereal Ventures, created by Joseph Lubin, co-founder of Ethereum, and with La Poste Ventures, run by XAnge, focused on impact investing. This fundraising has also been funded by renowned investors such as Sylvain Theveniaud, CEO of Allianz Accelerator.
The funds will be used to increase team and R&D efforts, as well as manage several international biodiversity projects and strengthen cooperation with industry leaders. In the pre-seed round, Carbonable was also backed by Coline Debayle, co-founder of Time For the Planet, and Abdelhamid Bakhta, one of the leading tech figures in the Ethereum ecosystem.
Min Teo, Managing Partner and Co-Founder, Ethereal Ventures, which invests in early-stage blockchain startups, explains: “We are excited to partner with such a high-impact company that is paving the way for carbon neutrality using new blockchain technology. Their recent successful launch on StarkNet is a strong indicator of demand for their upcoming pipeline projects.”
Olivier Senot, Director of Innovation at Docaposte, digital subsidiary of La Poste Groupe, adds: “Carbon neutrality is on the investment mission of La Poste Ventures, powered by XAnge. We believe that Carbonable is uniquely positioned to help reach carbon neutrality faster, thanks to be a thorough due diligence process for project selection combined with a strong technology platform.”
A unique carbon credit financing and management platform based on blockchain technology for the next billion market
By 2021, companies spent $1 billion on the carbon offset market. Demand for carbon offsets is booming and is expected to be worth $200 billion by 2050, according to Bloomberg. Carbonable provides this much-needed quality of carbon credit, making financing accessible and transparent; aligning the best for investors and the planet.
Carbonable’s innovative approach converts carbon offset projects into digital assets, providing unparalleled benefits to companies as they execute their climate contribution strategy.
Powered by blockchain technology, the platform provides better cost, security and transparency of investments, as well as risk diversification, by enabling companies to tokenize their existing carbon removal projects and/or choose new ones to finance and manage in the long term.
Carbonable also provides accuracy in carbon credit supply management and automated accounting, not to mention asset liquidity and traceability throughout the life of the project.
Already recognized by the industry, Carbonable has won the Open Geneva Finance Hackathon in 2022 and was nominated by The Big Whale in 2023 for the Web3 Awards under the Purpose-led Project category.
Guillaume Leti, co-founder, Carbonable, commented: “Today, when environmental management represents both a need and an opportunity, climate contribution must be part of every corporate strategy. Carbonable brings an actionable solution to enable companies to execute their approach to climate change in the most effective way. We are the only player that overcomes the three main challenges of financing, operations and communication.”
Ramzi Laieb, co-founder, Carbonable, added: “To reach net zero globally, large companies must first reduce their carbon footprint and then support climate contributions. Carbonable ensures the best execution for investors and counter-traders to contribute to carbon neutrality in the right way – this is the key to creating a sustainable future.”
Over half a million dollars already funded since the beginning of the year
Conservation and restoration of natural ecosystems is the key to achieving climate balance. Their innovative platform benefits not only businesses but also individuals to engage and reduce their carbon footprint in the long term. With all projects sold out in minutes, two in South America in May 2022 and another in Africa in January 2023, Carbonable will continue this global expansion with projects ready to launch this year in Europe, Asia and South -America.
A growing customer base with leading companies engaged in the fight against climate change
Carbonable’s customer base includes a pool of cosmetics and pharmaceutical, media, consulting and Web3 companies, such as Argent Wallet, who are engaged in the long-term fight against climate change and want to track their progress using Carbonable’s AI and satellite imagery technology. A final example is Pierre Fabre working with Carbonable to maximize the impact of their climate contribution through projects in Asia and Brazil, in line with their local activities.
About
Carbonable uses Web3 technology to manage climate contribution strategy; from cost savings, to risk diversification, portfolio management and project monitoring. Targeting both companies and individuals, Carbonable invests in nature-based removal certified projects with a focus on biodiversity, local community impact and carbon absorption. The toolkit allows you to control your carbon capture supply with real-time reports on grid effects, using blockchain for traceability and transparency as a shield against greenwashing. Founded in 2021, Carbonable is currently active in Latin America, Asia and Africa through biodiversity projects and has raised $1.2 million in seed funding via Ethereal Ventures and La Poste Ventures.
