Supercritical, the carbon removal marketplace aimed (at the moment) mainly at tech companies that want to hit “net zero,” has raised a $13 million Series A funding round, led by Lightspeed Venture Partners.
The round includes funding from RTP Global, Greencode Ventures, MMC Ventures and others. We covered Supercritical’s launch back in August 2021, when it pointed out that the carbon footprint of the technology sector had — embarrassingly — been proven to be greater than the entire aviation industry.
The startup aggregates business demand for cutting-edge carbon removal technologies. So in a similar scenario to Tesla starting out with an electric sports car so that it could eventually launch a family saloon, Supercritical gives companies access to these innovative technologies which have the potential to scale far beyond just planting some forests etc., allowing this new wave of carbon removers to scale up.
Supercritical’s marketplace allows companies to purchase so-called “fully-vetted and qualified” carbon removal credits, to the level …
