visimoney
TLDR:
InsurTech company CarbonPool has raised $12m in a funding round led by investors including Allianz executives Axel Theis and Christof Mascher, Heartcore Capital, Vorwerk Ventures, HCS Capital and Revent Ventures. CarbonPool aims to enhance investment in carbon credits by offering an innovative insurance model that provides in-kind payments, ensuring that companies receive their carbon credits. The company is currently seeking an insurance license in Switzerland and aims to become a leading insurer with a balance sheet made up of carbon credits.
InsurTech firm CarbonPool has closed a funding raise of CHF10.5m ($12m) in a funding round overseen by a consortium that includes some former Allianz executives. The firm that wants to become the world’s leading insurer with a balance sheet made up of carbon credits.
- CarbonPool has secured $12m in funding to develop its innovative insurance model aimed at invigorating investment in carbon credits
- Investors include insurance executives Axel Theis and Christof Mascher from Allianz, as well as venture capital firms Heartcore Capital, Vorwerk Ventures, HCS Capital and Revent Ventures
- The company offers payments in-kind to assure companies of the delivery of carbon credits, addressing concerns around credit integrity and risk management
- The round was led by investors including notable former Allianz executives Axel Theis and Christof Mascher
- CarbonPool is pursuing an insurance license in Switzerland while addressing concerns around credit integrity and risk management
- The firm aims to become the world’s leading insurer with a balance sheet made up of carbon credits
- Carbon credits play a key role in global efforts to attain net zero emissions, but their market has suffered from volatility and scepticism
- The CarbonPool insurance model provides in-kind payments, giving companies confidence that their carbon credits will be delivered, to stimulate investment in the market
