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Carbon13 closes successful seed round of over $2.2m

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.

With this new injection of funding we’ll be able to achieve a significant increase in climate startup production and a scaling of ambition. Currently, Carbon13 ventures possess an annual mitigation potential of over 420 million tonnes of CO2e – this potential is now set to rise further, as is the number of invested ventures built through our programmes since 2021 (currently 46).

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 stand together outside after the showcase day

Cohort 4, the Carbon13 team and the DLA Piper team after showcase day in London in April 2023.

“Our investment in Carbon13 and its focused support of carbon-neutralizing technology is an incredible complement to our portfolio of climate tech investments. What’s more, the Carbon13 team aligns deeply with our values and belief in the creative entrepreneur. They invest in people first and tech second. We’re thrilled for this partnership and to help embolden their important work around mitigating climate change.”
Priscilla Tyler
VP at True Ventures

Find out more about our Ventures

Since 2021, we’ve invested in 46 ventures through our Venture Builder and Venture Launchpad programmes. In sectors as varied as the built environment, food systems and energy, each one of these has the potential to mitigate at least 10 million tonnes CO2e emissions per year at scale.