Opna, a London-based climate fintech company, has announced today that it has closed its $6.5M seed funding round.
The funding round was led by European venture capital firm Atomico, with participation from existing supporters, including Pale Blue Dot, MCJ Collective, Angelinvest, and Tiny VC. As part of this round. Atomico Partner Terese Hougaard will join the board of Opna.
The round also welcomed several influential individuals, such as Cristina Stenbeck, former Gainsight COO and DBT Labs board director Allison Pickens, former chief commercial officer for Klarna Luke Griffiths, and Collibra co-founder Stijn Christiaens.
Founded in February 2022, Opna, formerly known as Salt, is dedicated to creating a carbon project financing platform that empowers businesses to discover, fund, and oversee reliable and top-tier carbon projects in a way that is transparent, cost-efficient, and timely.
Opna’s platform comprises four components:
▪ Improving discovery: Opna’s platform connects companies with trusted project developers. This saves companies time and money when looking for good projects to support and helps project developers find new funding sources.
▪ Facilitating financing: Opna uses its team’s know-how in commodities and fintech to make financing carbon projects seamless. This means less money wasted on complicated processes and a fairer system for everyone.
▪ Monitoring project portfolio: Opna offers a digital tool to monitor funded projects. Companies can easily track how well their projects are doing over time by checking key performance indicators (KPIs) and getting updates on potential issues.
▪ Assessing risk with its proprietary engine: Opna’s special risk engine looks at both public and private data to make sure projects are of high quality. The engine considers over 280 data points, including the track record of project developers, the project’s financial and technical health, and how much carbon it can capture.
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