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Net Zero Company secures $5.5M for blockchain-based carbon removal

Net Zero Company
Picture credits: Net Zero Company

Stockholm carbon removal startup Net Zero Company has raised $5.5 million in seed funding. The investment came from Oilinvest, VARO Energy, and SilviCarbon. 

The funding will be used to support global expansion and the launch of a new product suite, including the Carbon Removal Token, a real-world, asset-backed token.

The team behind the company

Net Zero Company is led by CEO Håkan Nordkvist, who previously spent more than ten years as Head of Sustainability Innovation at IKEA Group, and is an advisor for the University of Cambridge accelerator, The Canopy, and The Core Climate Fund. Advisor to Net Zero Company is Lord Ed Vaizey of Didcot.

The company was founded in 2022 by carbon market lawyer and expert, Dr. Peter Ebsen; Swedish entrepreneur Anders Forsberg, one of the first partners in Wanda Group; Robin Stenman, who previously founded Tourn International, one of Europe’s fastest-growing IT companies; and serial tech founder, Robin Bäcklund, as well as forest equity veteran, Carl Johan Krigström. It has partnered with Microsoft and Metaco/Ripple to fuel its mission to revolutionise carbon removal solutions.

What does Net Zero Company do?

The company provides carbon removal solutions dedicated to driving the transition towards a sustainable, carbon-neutral future. The company is dedicated to blending nature and technology in our quest for sustainability. It specialises in blockchain for secure, transparent carbon credit transactions and focuses on nature-based carbon removals worldwide. Its approach emphasises environmental integrity and social responsibility. 

The Carbon Removal Token is a secure and verifiable instrument backed by high-quality Carbon Removal Projects. Developed on the Ethereum blockchain, the CRT provides verifiable proof of environmental impact, enhancing credibility and accountability. Through the CRT, anyone, anywhere, can purchase carbon removals, and climate action for accessibility. 

Håkan Nordkvist, CEO of Net Zero Company, stated: “There are no shortcuts to reach net zero; reducing emissions is crucial, but we must also innovate with new solutions. That’s why we’re committed to providing high-quality, nature-based carbon removals that are risk-free and easy to use. Our mission is to democratise access to carbon removals by leveraging blockchain technology to digitise carbon removal credits. With escalating emissions and rising temperatures fueling environmental degradation, the need for effective carbon removal solutions has never been more urgent.”

Lord Vaizey of Didcot, Advisor at Net Zero Company, added: “We need to systemically reevaluate how to mitigate the effects of global heating, and carbon credit systems are a practical solution that can be utilised by companies of all sizes. We have a collective responsibility to act, and the work that Net Zero Company does is an important step in the right direction.”

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