Kita
In order to derisk carbon removal technologies and speed up their ability to scale, Kita's mission is to become the carbon insurer for the climate issue. Solutions for removing carbon from the atmosphere are needed to address the climate catastrophe. The sale of carbon units on the voluntary carbon markets provides funding for several carbon removal technologies. These units do not, however, have specific insurance coverage for their major risks, particularly under-delivery on forward contracts. This discrepancy contributes to an uncertain environment, impeding development, investment, and the ability to scale up these solutions quickly to have the necessary climatic impact. Kita uses insurance products that ensure the quality and delivery of carbon units as well as carbon removal technologies to relieve market participants of this "carbon delivery risk."
In order to derisk carbon removal technologies and speed up their ability to scale, Kita's mission is to become the carbon insurer for the climate issue. Solutions for removing carbon from the atmosphere are needed to address the climate catastrophe. The sale of carbon units on the voluntary carbon markets provides funding for several carbon removal technologies. These units do not, however, have specific insurance coverage for their major risks, particularly under-delivery on forward contracts. This discrepancy contributes to an uncertain environment, impeding development, investment, and the ability to scale up these solutions quickly to have the necessary climatic impact. Kita uses insurance products that ensure the quality and delivery of carbon units as well as carbon removal technologies to relieve market participants of this "carbon delivery risk."
Kita has raised $4.8M across 1 round. Its most recent round was a Seed of $4.8M in Feb 2023. Full funding history, investors, and team are detailed below.
Funding history
1 round on record.
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