Unlike traditional emissions avoidance offsets that, until today, were the focus of sustainability programs, Supercritical's marketplace allows corporations to purchase fully qualified carbon removal credits, as set out in the industry standard Science Based Targets initiative (SBTi), that allow them to reach net zero. It will use the funding to grow its team, expand its product offering, and acquire additional customers.Ĭorporates want to reduce their carbon emissions, but most businesses will never be able to achieve full net zero purely through decarbonisation efforts and require carbon removal to do so. Supercritical aims to accelerate the urgent scaling of carbon removal technologies by aggregating business demand and innovating with new purchase models. The round includes funding from RTP Global, Greencode Ventures, MMC Ventures and others. LONDON, J/PRNewswire/ - Supercritical, the vetted carbon removal marketplace helping businesses reach net zero, today announces it has raised $13m in Series A funding, led by Lightspeed Venture Partners. The funding, the second Supercritical raise to feature a gender-balanced cap table, will be used to fuel new chapter of growth.Carbon removal market today at 0.01% of capacity IPCC says will be needed by 2050 Supercritical is supporting urgent accelerated scaling of CDR technologies.Supercritical, today responsible for 35% of corporate carbon removal purchases and counts two of the world's top 20 CDR buyers among its customers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |