Boosted by a successful seed round of $2.2m from True Ventures and a range of family offices, Carbon13’s scale of startup production is set to expand: growing from 24 startups per year in Cambridge, to over 70 per year across the world, through three programmes
Carbon13’s founders stand outside Jesus College (L to R) Jonathan Cumming, Chief Financial Officer & Managing Director ; Dr. Chris Coleridge, Founder & CEO; Dr. Nicky Dee, Co-founder & Chief Sustainability and Innovation Officer, and Michael Langguth, Co-founder & Chief Strategy Officer.
On target for 400m tonnes of decarbonisation
Carbon13 is delighted to share the close of our latest seed round, resulting in over $2.2m.
The new funding is set to boost our operations significantly and propel Carbon13’s current and future ventures towards the key target of 400 million tonnes of decarbonisation.
We have found that remarkable things happen when you bring together some of the world’s most talented people who are all highly motivated by the mission to fight the climate emergency.
The successful funding round was made possible thanks to a range of family offices and venture firms, including True Ventures, a Silicon Valley-based venture capital firm focused on early stage technology startups.
In addition, since 2021, we’ve now supported over 350 startup founders through our three programmes (Venture Builder Europe, Venture Builder UK, and Venture Launchpad). This number is also set to grow significantly thanks to the new funding. By end of 2026, Carbon13’s Venture Builder is on course to support over 1000 entrepreneurs to build at least 300 startups.
A word from Chris Coleridge, our Founder and CEO
“This investment from True Ventures and four family offices is crucial to Carbon13’s plans for scaling our support to entrepreneurs tackling the most urgent global challenges in decarbonisation and carbon capture.
Climate change is not just a scientific challenge, it is not just a business innovation challenge, it is also a people challenge. We have found that remarkable things happen when you bring together some of the world’s most talented people who are all highly motivated by the mission to fight the climate emergency. True’s investment is therefore a valuable recognition of our people-first approach.
I’m also delighted that Carbon13 is joining True’s community of decarbonisation startups. Launching and scaling ventures with credible claims to significant emissions mitigation was a foundational principle when I was developing Carbon13 with my cofounders. Again, it is our people-first approach which drives this, as our programmes inculcate carbon intelligence within the founding team to empower them to make strategic decisions based as much on carbon reduction as on commercial value. Ultimately, in the world of Net Zero 2050, there will be no distinction between the two.”
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today’s fastest growing markets. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. To learn more, visit www.trueventures.com.
Cohort 4, the Carbon13 team and the DLA Piper team after showcase day in London in April 2023.
