ClimateTrade, a Valencian climate marketplace powered by blockchain technology, has made significant strides in facilitating certified carbon offsetting and climate-regenerative projects for companies. In 2021 alone, companies utilizing the marketplace successfully offset nearly 2 million metric tons of CO2. This achievement has garnered attention and support, with ClimateTrade raising €7 million in funding thus far. The company's upcoming funding round is expected to secure an additional €13 million, drawing interest from various global investors. This funding round is scheduled to coincide with ClimateTrade's reincorporation later this year.
Currently, ClimateTrade serves notable Spanish clients, including Cabify, Banco Santander, Telefónica, and Correos. However, with the infusion of new capital, the company has ambitious plans to expand its operations into Europe, Asia, and the United States. By broadening its geographical reach, ClimateTrade aims to extend its impact on global carbon reduction efforts.
In line with its growth strategy, ClimateTrade recently introduced an API and Widget, enabling companies to offer carbon-neutral products and services directly to their customers. This technological advancement aligns with the company's vision of leveraging blockchain technology to support climate tech solutions. The utilization of blockchain in the climate tech sector has gained significant momentum, especially with the rising interest in tokens like KlimaDAO.
As ClimateTrade prepares for its next phase of development, the integration of blockchain technology and its commitment to driving sustainable practices make it a promising player in the climate marketplace. The company's expansion plans and ongoing innovation showcase its dedication to combating climate change and accelerating the adoption of environmentally conscious solutions.
