- 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
