Web3 climate tech startup Thallo completes $2.5 million seed round funding, led by Ripple and others
ChainCatcher news, according to finsmes, the Web3 climate tech startup Thallo, located in Sharm El Sheikh, Egypt, announced the completion of a $2.5 million seed round financing, led by Ripple, Arcan LLC, Friendly Trading Group 2, as well as Allegory, Cerulean Ventures, and Flori Ventures.
It is reported that Thallo plans to use the new funds to accelerate the launch of its blockchain-based flagship carbon trading platform. The company uses blockchain technology to match buyers and sellers of carbon credits while making the process efficient, traceable, and transparent. Its partners in the Web3 space include Ripple, Celo, Polygon, and Chainlink. (source link)
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