ClimateTrade

About ClimateTrade

Based in Valencia, Spain, and incorporated in the U.S. in 2022, ClimateTrade operates a climate marketplace leveraging blockchain technology to enhance the transparency and traceability of carbon offsetting transactions. The company was founded in 2016 by Francisco Benedito, who serves as CEO, and Jose Lindo. Benedito's background includes 15 years in the banking industry and the 2017 creation of ClimateCoin, a crypto carbon asset. Lindo has a background in Geosciences and has worked as an advisor for the United Nations and other entities on climate change mitigation.

ClimateTrade provides a platform for companies and individuals to directly purchase carbon, plastic, and biodiversity credits from a wide range of certified project developers across the globe. The business primarily serves corporations seeking to meet their decarbonization and net-zero targets, with clients including major names like Banco Santander, Telefónica, and Cabify. Revenue is generated through a commission fee on each transaction conducted through the marketplace. The use of blockchain ensures that all transactions are recorded immutably, providing clear proof of impact through customizable certificates.

The company offers several solutions to its clients. Its core product is the climate marketplace, which allows users to browse and purchase credits from over 200 projects, such as reforestation and renewable energy initiatives. For seamless integration, ClimateTrade has developed a Software-as-a-Service (SaaS) solution, including an API and a Whitelabel product. This enables businesses to embed carbon footprint calculation and offsetting functionalities directly into their own websites, apps, or point-of-sale systems, allowing their customers to purchase carbon-neutral products and services. The company has secured $9.13 million in funding across three rounds from investors including Borderless Capital, Algorand, and Conexo Ventures.