2 years ago

Kita Secures £4 Million Seed Funding to Expand Carbon Insurance Offering

  • Kita, a UK-based carbon insurance company, has raised £4 million in seed funding led by Octopus Ventures

  • The company intends to use the funds to build its team, scale its technology-based risk modeling, launch its first insurance product, Carbon Purchase Protection Cover, and begin building a wider portfolio of carbon insurance products

  • Kita was founded in December 2021 by Dr

  • Paul Young, Thomas Merriman, and Natalia Dorfman

  • Its first product, Carbon Purchase Protection Cover, protects buyers of purchased carbon removal credits against under-delivery.

      • ProblemFinancial Services

      "making carbon credit transactions more secure and reliable by reducing risk in carbon credit transactions"

      Solution

      "Kita offers insurance products that safeguard the quality and performance of carbon purchases, protecting buyers against under-delivery"

      Covered on