Stockholm-based carbon removal solutions provider Net Zero Company has raised $5.5 million in a seed funding round. The investors include the Dutch companies Oilinvest and SilviCarbon, and Swiss VARO Energy.
- Net Zero Company was founded in 2022. It declares a mission to accelerate the shift to a sustainable, carbon-neutral future. It makes climate action more accessible by allowing anyone, anywhere, to purchase carbon removals through its CRT (Carbon Removal Tokens) with the help of blockchains. To speed up this goal, Net Zero Company has partnered up with Microsoft and Metaco/Ripple.
The investors in the current seed round include:
- Oilinvest is an oil and gas business. The company provides fuels, liquefied petroleum gas, jet fuel, gasoline, diesel, and lubricants for automobiles, motorbikes, and industrial usage. It also trades, refines, stores, distributes, markets, and retails these products.
- VARO Energy is an energy provider in Europe that produces, stores, and offers both conventional fuels and sustainable energy solutions.
- SilviCarbon finds, finances, and manages nature-based forestry carbon removal projects with efficiency, accelerating sustainable paths to net-zero results.
With the fresh funding, Net Zero Company intends to promote its international growth and the introduction of a new line of products, which includes the Carbon Removal Token (CRT).