CarbonPool, set to be the world’s first insurance company with a carbon credit balance sheet, has closed a CHF 10.5 million ($12 million) funding round.
Founded by former Allianz executives Coenraad Vrolijk, Nandini Wilcke and Frederic Olbert, CarbonPool aims to accelerate investment in carbon credits, which are crucial to achieving net zero, by providing carbon credit insurance with claims payments made in-kind.