Blockchain carbon removal startup Net Zero completes $5.5 million funding, with participation from Oilinvest

ChainCatcher news, Stockholm-based carbon removal startup Net Zero has completed a $5.5 million seed round financing. Investors include Oilinvest, VARO Energy, and SilviCarbon. The funds will be used to support global expansion and launch a new product suite, including carbon removal tokens (a type of real-world asset-backed token).

It is reported that the company focuses on blockchain to enable secure and transparent carbon credit trading, with an emphasis on nature-based carbon removal globally.