Carbon-crediting platform Puro.earth has secured €11 million ($12.8 million) in Series B funding led by Nasdaq, with additional investment from Fortum Innovation & Venturing. The funds will be used to strengthen the infrastructure behind its certification system for engineered carbon dioxide removal (CDR) projects, including more frequent issuance of verified credits, facilitating offtake agreements, and advancing digital measurement, reporting and verification (dMRV) tools.
“Carbon removal is evolving from innovation to infrastructure,” said Jan-Willem Bode, President of Puro.earth. “With this latest round of funding, we’re strengthening the systems that facilitate scale in CDR deployment and enhancing our customer offerings to better support the growing demand for durable engineered removals.”
Fredrik Ekström, Head of Carbon Markets at Nasdaq and Chairman of Puro.earth, added: “With this investment, we aim to accelerate our shared vision of enabling high-integrity carbon markets. Together with Nasdaq’s efforts to advance the technological infrastructure of carbon markets, Puro.earth is delivering the transparency and operational capacity essential to making carbon dioxide removal a credible and investable solution.”
Founded in 2019 within Fortum’s Innovation & Venturing unit, Puro.earth created the first standard dedicated to engineered CDR. Nasdaq became its majority owner in 2021. To date, the platform has issued more than one million CO₂ Removal Certificates (CORCs), more than any other engineered CDR standard and registry.
