Nori, a Seattle, WA-based carbon removal marketplace, raised $6.25M in funding.
The round, which brought total funding to $17.25M. was led by M13, Toyota Ventures, Placeholder, and Cargill.
The company intends to use the funds to expand operations and business reach.
Led by newly appointed CEO Matt Trudeau, Nori is an end-to-end carbon removal marketplace. Founded in 2017, the company works to reverse climate change by developing solutions to remove 1.5 trillion metric tonnes of legacy carbon dioxide from the atmosphere.
A serial exchange founder, Trudeau has deep expertise spanning over two decades in regulated financial markets, market structure, trading technology, electronic marketplaces and exchanges, blockchain, asset tokenization, and cryptocurrencies. Trudeau has led or assisted in 12 market launches for equities, commodities, derivatives, and cryptocurrencies across the Americas, Europe, and Asia with firms including Instinet, Chi-X Global, IEX, Tradewind, and ErisX.
Paul Gambill, Nori’s co-founding CEO during the past five years, will remain on the board and take a new position within the company as Chief Product Officer.
FinSMEs
06/06/2023