Carbon removal platform CUR8 has captured investment from Google Ventures in its £5.3m pre-seed funding round.
The climate tech startup works with companies removing carbon via methods such as direct air capture, biomass storage, soil rewilding, enhanced rock weathering and accelerating carbon cycles in oceans.
CUR8 then sells carbon credits on its platform in the form of portfolios. The London-headquartered company was founded last year by former Google for Startups UK lead Marta Krupinska, non-profit Rethinking Removals founder Dr Gabrielle Walker and Mark Stevenson ex-UK Ministry of Defense advisor.
“I’ve been working in climate science for 30 years and it can be easy to feel overwhelmed and pessimistic about the 2050 net-zero deadlines,” said Dr Gabrielle Walker, co-founder and chief scientist at CUR8.
“Carbon removal, along with decarbonisation at scale, has the potential to help us reach these goals, but only if we have the right tools to scale this market to 10 billion tonnes a year by 2050.”
Seed-stage VC firm CapitalT also contributed to the Google Ventures-led CUR8 pre-seed round.
According to CUR8, its climate software has been used to offset the carbon for the state funeral of Queen Elizabeth II.
Marta Krupinska, co-founder and CEO, CUR8 said: “We’re witnessing the dawn of a future multi-trillion dollar industry that has the potential to not only stop the climate catastrophe but also to drive scientific progress, and create jobs and opportunity around the world.”