Supercritical Secures $13 Million for Carbon Removal
Supercritical, a pioneering carbon removal marketplace based in London, UK, has successfully secured $13 million in Series A funding to bolster its mission of facilitating effective carbon management. This funding round was primarily led by Lightspeed Venture Partners, who were joined by other notable investors including RTP Global, Greencode Ventures, and MMC Ventures. The financial injection aims to strengthen Supercritical's team, broaden its range of product offerings, and attract a larger clientele as the company strives to enhance its impact on the fight against climate change.
At the helm of Supercritical is CEO Michelle You, who has been instrumental in shaping the company's vision as a trusted platform for carbon removal solutions.
Supercritical specializes in measuring and reducing carbon emissions through a variety of carbon dioxide removal (CDR) methods, ultimately enabling businesses to achieve their net-zero goals. The technology developed by Supercritical simplifies the complex landscape of carbon impacts for companies, allowing them to easily comprehend their ecological footprint and procure carbon removal offsets to mitigate it. The marketplace prides itself on focusing on high-quality, thoroughly vetted, and durable CDR projects, ensuring that customers can invest in reliable and effective solutions.
Among the diverse range of solutions offered on the platform are advanced engineered methods such as biochar, direct air capture (DAC), and enhanced weathering, alongside nature-based strategies such as afforestation. Supercritical has already made significant strides in the industry, with two of its clients being recognized as part of the top 20 carbon removal buyers globally. Notably, the company recently played a pivotal role in assisting Tide, a financial technology firm, in becoming the world's first fintech to eliminate 100% of its emissions. This accomplishment underscores Supercritical's commitment to driving transformative change in carbon management, solidifying its position as a leading player in the quest for sustainable solutions.
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| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Lightspeed Venture Partners | 7 investment(s) investment(s) | 36 contacts contacts | |||
2 |  RTP Global | 4 investment(s) investment(s) | 14 contacts contacts | |||
3 |  Greencode Ventures | 1 investment(s) investment(s) | 6 contacts contacts | |||
4 |  MMC Ventures | 17 investment(s) investment(s) | 10 contacts contacts |
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