What does Riverse do?
Riverse is a provider of a carbon crediting platform that supports engineered projects in carbon avoidance and removal. The platform utilizes field data, modular models, and third-party audits to validate projects and streamline workflow, covering areas such as IT refurbishment, biobased construction materials, enhanced rock weathering, and biomass carbon removal.
How much did they raise?
The company raised €5M in Seed funding, with the round being led by Alven and Racine² and participation from SpeedInvest and Kfund.
What are their plans for the money?
Riverse intends to use the funds to further develop its product and expand its business reach, which could enhance the adoption of engineered carbon crediting solutions across various industries.
What have they achieved so far?
The company has already validated over 60 projects and issued more than 250,000 carbon credits, establishing partnerships with industry leaders and major corporates such as Patch, EcoAct, BNP Paribas, and others.
