Funding Boost for Carbon Credit Accessibility

Riverse, a startup focused on simplifying access to carbon credits for industrial companies, has announced a €5 million seed funding round. This investment, led by Alven and Racine², an impact fund managed by Serena and Makesense, will fuel Riverse’s mission to bridge the gap between industry and verifiable carbon offsetting initiatives.Speedinvest, a previous investor from the €1.5 million pre-seed round in June 2023, also participated, alongside new investor Kfund.

Addressing the Carbon Credit Gap in Industry

Founded in 2021 by Grégoire Guirauden, Clément Georget, and Ludovic Chatoux, Riverse is developing a specialized carbon credits certification platform tailored for industrial solutions. The platform streamlines the certification process for projects in sectors like biogas, reconditioned CO2 equipment, and sustainable construction materials. These projects are then listed on a registry connected to a network of carbon credit sales partners, facilitating easier access for companies seeking to offset their emissions.

Riverse generates revenue through commissions on carbon credit sales and a subscription model for its life cycle analysis and impact verification services.this dual approach allows them to cater to a wide range of industrial needs.

Riverse’s Impact: Validated Projects and issued Credits

Since launching its platform in 2022, Riverse reports having validated over 60 projects and issued 250,000 carbon credits. This early success has attracted a diverse clientele, including major players like BNP Paribas, Schneider Electric, Mirakl, Orange, Bouygues, EDF, and Engie. These partnerships underscore the growing demand for reliable and accessible carbon offsetting solutions within the industrial sector.

The Growing Demand for Verified Carbon Credits

The demand for high-quality carbon credits is increasing as regulatory frameworks solidify and companies face greater scrutiny regarding their climate commitments. This trend is driving the need for carbon credits that are directly linked to commercial operations, offering tangible and verifiable environmental benefits.

The carbon market is today faced with a fundamental gap. Companies are looking for reliable and honest carbon credits, but are struggling to find options that effectively integrate into their daily operations. They are looking for relevant credits: projects in their region, their sector of activity or their value chain
Ludovic Chatoux, CEO of Riverse

Chatoux’s statement highlights a critical challenge: the disconnect between corporate sustainability goals and the availability of practical, relevant carbon credits. Riverse aims to bridge this gap by connecting companies with projects that align with their specific needs and values.

Future Plans: Integrating New Standards and Supporting Industrial Projects

With the new funding, Riverse plans to integrate emerging industry standards into its platform, further enhancing its ability to support the engineering projects of industrial clients. This proactive approach will ensure that Riverse remains at the forefront of the evolving carbon credits market,providing its clients with the most up-to-date and reliable solutions.