Carbonfuture, a pioneer in digital infrastructure for the carbon removal market, has successfully closed its Series A funding round, led by SIX, a prominent operator of financial infrastructure.
This strategic investment underscores the urgent need for a reliable and scalable carbon removal market that can deliver tangible results in the fight against climate change.
The carbon removal market is at a crucial juncture, where its ability to scale depends on the integrity and rigor of its underlying processes.
Founded in 2020, Carbonfuture was created to address these challenges by providing the essential infrastructure for a trustworthy and transparent market.
According to the IPCC, achieving net zero by 2050 will require removing between six and ten gigatonnes of carbon annually.
To reach this ambitious goal, the market must be built on data-driven transparency, independent verification, and accountability throughout the entire carbon removal process.
Carbonfuture’s Mission: Driving Market Integrity and Scale
Hannes Junginger-Gestrich, CEO of Carbonfuture, emphasized the company’s commitment to providing a comprehensive and rigorous solution for carbon removal management.
“With the backing of our lead investor, SIX, in this Series A funding, we’re accelerating the development of our Carbonfuture MRV+ solution to ensure high-quality carbon removal credits that corporations can trust to meet their climate goals,” said Junginger-Gestrich.
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“Our mission is to facilitate the removal of gigatonnes of carbon dioxide from the atmosphere with a focus on integrity, efficiency, and scale, ensuring these efforts have a real impact on the planet.”
The Series A funding will be used to expand the Carbonfuture MRV+ solution, incorporate additional carbon removal technologies, and enhance efficiency and accuracy through digital innovation.
Furthermore, the investment will support Carbonfuture’s global expansion efforts, including leveraging SIX’s extensive network of clients to drive market maturity and accelerate revenue growth.
Carbonfuture MRV+: A Comprehensive Solution
Carbonfuture’s MRV+ system offers an integrated, end-to-end solution for carbon removal monitoring, reporting, and verification. Unlike traditional MRV systems, it supports the entire carbon removal lifecycle, ensuring the highest standards of integrity and transparency at every step.
What sets Carbonfuture MRV+ apart is its unparalleled value chain granularity, data-driven approach, and adaptability to both voluntary and compliance markets.
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The system goes beyond standard MRV requirements by integrating Life Cycle Assessment (LCA) data, enabling detailed tracking and analysis of carbon removal activities.
Each carbon removal credit is independently verified by a third-party verifier, and the system supports multiple independent standards and CDR technologies, making it a future-proof solution.
The investment in Carbonfuture is a clear indication of the growing importance of independent, digital MRV in the carbon removal market and marks a key milestone in Carbonfuture’s ambition to lead the next phase of market evolution.
