Opna, a startup that helps carbon removal projects get funded, just raised $6.5 million.
Opna, which helps corporations invest in carbon removal or reduction projects, has just secured $6.5 million from European venture capital firm Atomico.
The London-based startup, founded in 2022 as Salt, helps corporations find, fund, and monitor carbon removal projects.
Carbon removal projects generate carbon credits, one of which represents one ton of Co2 removed from or prevented from entering the atmosphere.
This led to market hesitation and a subsequent move to fund carbon removal projects directly via forward-purchasing and long-term off-take agreements.
Persons:
Shilpika Gautam, Gautam, Opna, Tiny
Organizations:
Stripe's Frontier Fund
Locations:
London, India, Gaumukh, Atomico