Seed round includes Ripple, Arcan, Friendly Trading 2, Allegory, Cerulean Ventures, Flori Ventures
SHARM EL-SHEIKH, Egypt–(BUSINESS WIRE)–Climate tech and web3 start-up Талло announced today that it has closed an oversubscribed $2.5 million seed round, which allows the company to accelerate ongoing development and marketing of its flagship Thallo carbon exchange. Thallo’s first-of-its-kind marketplace is using web3 technology to solve major pain points affecting the contemporary voluntary carbon market, which is growing in importance as companies work to achieve their sustainability goals.
Investors include enterprise blockchain and crypto company Ripple and lead investors Arcan LLC жана Friendly Trading Group 2, ошондой эле Аллегория, Cerulean Ventures жана Flori Ventures. Thallo also announced that it has received a grant from Layer 1 blockchain чело, аркылуу Климаттык коллектив, and has also entered into a technical partnership with Ripple.
“The only realistic way to make real progress on the climate emergency is to increase participation,” said Ryan Gledhill, Thallo Co-Founder and CEO. “That means that ар бир person who wants to invest in the future of our species, ар бир investor seeking to capitalize on ESG, and ар бир company that wants to be a force for good benefit from effortless, direct access to the voluntary carbon market. That’s precisely what Thallo provides, and our investors and partners are entirely aligned in our mutual goal.”
Created by climate tech experts and blockchain entrepreneurs, Thallo fills a major gap in today’s voluntary carbon market by sitting at the nexus between legacy carbon market players and web3 innovation. The company is using blockchain technology to build a better voluntary marketplace that is more efficient, democratic and ensures funding goes to projects—not intermediaries.
Thallo’s flagship carbon exchange will allow businesses and individuals to filter, find and purchase high-quality, verified carbon credits directly from project developers, using blockchain technology to make the process efficient, traceable and transparent. Key differentiators include the company’s non-commoditized approach to carbon credits, and Thallo’s focus on working directly with project developers to ensure fair value to them.
The company has already made major progress: Thallo жакында жарыяланат that it will launch the world’s first two-way carbon bridge in collaboration with award-winning Colombia-based registry BioCarbon Registry, the first time a carbon registry has included the tokenization of carbon credits as part of its process. Through the two-way bridge, companies and individuals can move credits on and off the blockchain, allowing for easy buying, selling and retiring of credits with full transparency and traceability.
The founding team represents a balanced mix of web3 and climate tech capabilities, including sustainability expert Joe Hargreaves and veteran blockchain developers and serial entrepreneurs Ryan Gledhill жана Adam Dry. They’re complemented by Hayley Moller, a climate communications expert with an INSEAD MBA and an environmental science background who leads marketing for the business. The company has ten full-time staff.
Thallo has already built a strong network of partners and collaborators, including project developers Biofix, InPlanet, TrendCO2e, UNDO, жана Ventree Innovations; major web3 players Ripple, Celo, Polygon, жана Chainlink; and dozens of other partners.
Thallo is one of the few blockchain expert participants invited to participate in Алтын стандарт’s Digital Assets Working Group and American Carbon Registry’s private consultation process, and has participated in Андан да жаманы’s public consultation process.
Thallo is a member of the Carbon Business Council; Климаттык коллектив; European Carbon Offset Tokenization Association (ECOTA); Natural Climate Solutions Alliance, convened by WBCSD жана Дүйнөлүк экономикалык Forum; and is a signatory of the Крипто-климаттык макулдашуу.
The company also recently released Fast Forward: Challenges to Scaling the Voluntary Carbon Market, a report with first-of-their-kind insights exploring key bottlenecks in project supply in today’s voluntary carbon market, and how to alleviate them.
The voluntary carbon markets are one of the fastest growing markets globally, reaching a value of дээрлик $ 2 миллиард for the first time in 2021 and expected to be valued at as much as $ 150 миллиард жакынкы 8 жылда.
About Thallo
Thallo uses first-of-its-kind blockchain technology to revolutionize and democratize the carbon markets, making it easier for buyers and sellers of high-quality carbon credits to find each other. Its team of veteran blockchain entrepreneurs and climate tech professionals combine technological expertise with deep sustainability knowledge to build the carbon marketplace of the future. Thallo’s initial institutional capital raise was oversubscribed and led by investors Friendly Trading Group 2, LLC and Arcan LLC. Follow Thallo on Twitter жана LinkedIn же биздин кошулабыз Телеграм тобу for updates. For more information, visit www.thallo.io.
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Source: https://thenewscrypto.com/thallo-lands-2-5m-for-next-generation-carbon-credit-exchange-powered-by-blockchain/