France's The Zero Fund recently obtained €400,000 of pre-seed funding for its software APIs that enable carbon visibility and offsetting of commercial transactions.
The round is led by Hellen's Rock Capital, a family office led by the CEE entrepreneur Sacha Dragic.
The Zero Fund's blockchain-powered carbon offset exchange allows companies, organisations, and communities to access local data on carbon credits and CO2 capture facilities.
The platform lets organisations discover the environmental impact of supply chains before purchasing goods or services, as well as offering offsets at the time of purchase.
Conversely, carbon-negative businesses can use the platform to monetise sustainability through the sale of carbon credits.
Zero Fund will utilise the pre-seed funding to scale up commercially, enlarging the target market for its carbon offsetting knowledge to include more organisations of varying sizes.
Jamil Benaballah, co-founder of The Zero Fund, said: "We have built TZF to reshape the climate tech industry, empowering companies to take climate action on their journey to net zero.
"Our API can be easily integrated into any commercial transaction to give end-customers visibility on the carbon footprint of the product or service they are purchasing and offer them the option to offset emissions at check-out.
"As a result, elevated customer experiences are now available almost plug and play to create a net zero supply chain.”