Riverse Secures €5M Funding to Accelerate Engineered Climate Solutions through Innovative Carbon Credit Platform
Riverse, a pioneering carbon crediting platform specializing in engineered climate solutions, has successfully raised €5 million in a seed funding round aimed at enhancing its operations in the voluntary carbon market. This funding round, which was co-led by Alven and Racine², along with contributions from SpeedInvest and new investor Kfund, was notably oversubscribed, reflecting strong investor interest in sustainable business practices.
About Riverse and Its Mission
Founded in 2021, Riverse serves as both a carbon crediting standard and a platform that supports a diverse range of carbon avoidance and removal projects. These innovative projects include:
- IT refurbishment
- Biobased construction materials
- Enhanced rock weathering
- Biomass carbon removal
A standout feature of Riverse’s approach is its verification process, which utilizes granular, auditable industrial data. This data is published on Riverse’s open-access registry, ensuring transparency and trustworthiness in carbon credits.
Solving the Carbon Market Paradox
Riverse is tackling a critical challenge in the carbon market: the difficulty many businesses face in sourcing high-integrity carbon credits that are relevant to their specific geography, industry, or supply chains. By providing credits that are both credible and applicable to business operations, Riverse aims to foster broader adoption and scalability within the carbon market.
Endorsements and Achievements
The platform has received full endorsement from the International Carbon Reduction and Offset Alliance (ICROA), making it the first company to achieve this under ICROA’s updated assessment framework. To date, Riverse has validated over 60 projects and issued more than 250,000 carbon credits. Its clientele includes renowned organizations such as:
- BNP Paribas
- Engie
- Bouygues
- Patch
Riverse is committed to leading the way in the voluntary carbon market, enabling businesses to effectively contribute to climate solutions while enhancing their sustainability initiatives.
Looking Ahead
With the new funding, Riverse plans to expand its operations and continue refining its offerings in the carbon credit space. For more information on carbon credits and sustainability initiatives, visit our sustainability page.
This investment not only strengthens Riverse’s position in the market but also aligns with the growing global movement towards sustainable business practices and climate action.
