Carbonplace lands $45m seed funding, names new CEO
UK-based carbon credit transaction network Carbonplace has raised $45 million in seed funding and formed its own entity, appointing Scott Eaton as CEO.
Carbonplace lands $45m, names new CEO
The round saw participation from Carbonplace’s founding financial institutions, namely BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC and UBS.
Each bank gets equal ownership through equity in the new firm, which plans to launch its platform later this year.
Carbonplace, once launched, will enable “simple, transparent, and secure” transfer of certified carbon credits, with “immediate” transfer of ownership upon payment, allowing “robust” reporting and traceability throughout the process.
With the new funding, Carbonplace plans to scale its platform, expand its team and its services to more clients, and forge partnerships around the world.
CEO Scott Eaton joins Carbonplace from capital markets fintech Nivaura, where he served as CEO. Eaton brings more than three decades of experience to his new role, having held a number of senior leadership roles in fintech and capital markets.
Prior to Nivaura, he served as CEO of Algomi from 2018 to 2020 and before that, as chief operating officer (COO) of MarketAxess, a fixed income trading platform provider. He has also held roles at ABN Amro, Royal Bank of Scotland, Deutsche Bank and UniCredit.
With Carbonplace, Eaton says he aims to “to drive significant economic and social value by opening the carbon markets up to the world”.
