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Nori: Raises $4M in Funding

September 26, 2020

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