Carbon credit platform CNaught has raised $4.5 million in seed funding to improve the integrity and accessibility of the voluntary carbon market (VCM), according to a company statement on Tuesday.
Led by Bow Capital and joined by FJ Labs, Silence VC, Karman Ventures, and Marketplace Capital, the funding supports CNaught’s mission to help businesses offset emissions through reliable, science-backed carbon credits.
CNaught’s platform is designed for businesses of all sizes and simplifies the process of buying high-quality carbon credits.
Its customers already include major organizations like Palantir Technologies, Asana, and Harvard Business School.
A key innovation is the CNaught Guarantee, a first-of-its-kind backstop. If a credit is canceled or suspended for more than a year within three years of purchase, CNaught will replace it with another high-integrity credit portfolio at no additional cost.
This reduces the risk and uncertainty that typically discourages carbon credit purchases.
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The company also relies on a science-based approach, integrating remote sensing, Artificial Intelligence (AI), and independent third-party ratings.
Rafi Syed, General Partner at Bow Capital, praised CNaught for its ability to simplify a complex market and build trust, making it easier for businesses to take meaningful climate action.
All CNaught portfolios are diversified across geographies and project types and undergo rigorous due diligence.
Customers benefit from ongoing monitoring and automated compliance tools that ease reporting and stakeholder communications.
Businesses are eager to lower their greenhouse gas emissions and view carbon credits as essential, and CNaught’s guaranteed, user-friendly credit portfolios offer a scalable path to impactful climate action, CEO and Co-founder Mark Chen said in a comment.
