CUR8, a pioneer in the burgeoning carbon removals industry, has announced a successful pre-seed funding round totalling £5.3m.
The climate-tech platform aims to professionalise and accelerate the carbon removals sector, providing trustworthy and efficient solutions to businesses seeking to offset their carbon footprints.
Led by GV, Google’s venture capital division, the funding round also drew participation from a slew of investors. These included CapitalT, Climate VC, SystemaNova, Force Over Mass and ANIM. The funding reflects an increasing interest in sustainable ventures, particularly those seeking to mitigate the escalating impacts of climate change.
CUR8’s mission centres on facilitating the decarbonisation efforts of global industries. To this end, the platform purchases carbon removal credits from trusted suppliers and assembles high-quality carbon removal portfolios for its clients. Utilising various removal methods such as afforestation, direct air capture, and enhanced weathering, CUR8 helps businesses of all sizes meet their net zero targets.
The newly raised capital will be channelled towards team expansion, enhancing the platform’s capacity and driving further development of its software platform. As part of the roadmap, CUR8 aims to reduce the cost of carbon removals over time, fostering accessibility and encouraging more companies to invest in carbon offset strategies.
Additionally, CUR8 has already established a track record for providing carbon removals for high-profile events, including The Queen’s Platinum Jubilee Pageant and The State Funeral of HM Queen Elizabeth II. Other major projects include large-scale events such as British Summer Time and All Points East.
In terms of leadership insight, CUR8 co-founder and CEO, Marta Krupinska, expressed her delight at the funding outcome and the company’s future trajectory. She 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.”
Dr Gabrielle Walker, co-founder and Chief Scientist at CUR8, added: “I’m excited to be working in partnership with Marta and our excellent executive team to grow CUR8 and be the platform to drive this change.” There was no information available regarding previous investments made into the company.
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