FinTechFunding

Nori: Raises $4M in Funding

  • Nori, a Seattle, WA-based startup developing a marketplace for carbon removals, closed a $4M funding round
  • The round was led by Placeholder, a blockchain-focused venture fund based in New York
  • The funds will used to expand the team, onboard more carbon removal suppliers (i.e. farmers), and launch an industrial-grade carbon marketplace
  • Led by CEO Paul Gambill, Nori is advancing a marketplace for carbon removals
  • Its first supported method of carbon removal is soil carbon sequestration on croplands
  • The company uses blockchain technology to create transparency, auditability, and solve the “double counting” problem in the carbon offset market
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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