Carbonable tracks the carbon credit lifecycle, from the selection of the projects through the monitoring, issuance and retirement of carbon credits, using the Ethereum scaling overlay developed by Starkware, which is also a participant in the seed round. Coline Debayle, a co-founder of Time For the Planet and Abdelhamid Bakhta, a significant player in the Ethereum community, both contributed money to the pre-seed round. Sylvain Theveniaud, managing director of Allianz Accelerator, was one of the other investors. The money will be used to grow the team, conduct additional research and development, manage more international biodiversity initiatives and meet with business leaders more frequently. To date, Carbonable has raised €1.65 million.
Key for sustainability
Ramzi Laieb, Co-Founder of Carbonable, mentions, “To reach net zero globally, major corporations need to first reduce their carbon footprint and then support climate contributions. Carbonable ensures the best execution for investors and offsetters to contribute to carbon neutrality in the right way – this is key to creating a sustainable future.”