Carbon-neutral blockchain application Nori completes $6.25 million financing, led by M13, Toyota Ventures, and others

2023-06-07 10:14:35

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ChainCatcher news, carbon-neutral blockchain application Nori announced the completion of a new funding round of $6.25 million, with current investors M13, Toyota Ventures, Placeholder, Cargill, and others leading the round. The new funds will be used to expand the business. It was also announced that Trudeau has been appointed as the new CEO, while Paul Gambill, who served as CEO and co-founder of Nori for the past five years, will remain on the board and take on a new role as Chief Product Officer.

According to the crypto data platform Rootdata, Nori has built an end-to-end carbon removal marketplace based on blockchain, dedicated to removing carbon dioxide from the atmosphere to address climate change. Nori completed a $7 million Series A funding round last March, and to date, Nori's total funding amount has reached $17.25 million. (Source link)

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