Seattle, WA-based Nori, an innovative carbon removal marketplace, has successfully raised $6.25M in funding. This latest round of investment, led by prominent firms M13, Toyota Ventures, Placeholder, and Cargill, brings the total funding for Nori to an impressive $17.25M. The company plans to utilize these funds to expand its operations and further extend its business reach.
Under the leadership of its recently appointed CEO, Matt Trudeau, Nori is revolutionizing the field of carbon removal. Since its establishment in 2017, the company has been dedicated to combating climate change by developing groundbreaking solutions to eliminate 1.5 trillion metric tonnes of legacy carbon dioxide from the Earth’s atmosphere.
Matt Trudeau, a seasoned entrepreneur with a wealth of experience spanning more than two decades in various financial markets, has taken the helm of Nori. Throughout his career, he has played a pivotal role in 12 successful market launches across the Americas, Europe, and Asia. Trudeau’s extensive expertise covers regulated financial markets, trading technology, electronic marketplaces and exchanges, blockchain, asset tokenization, and cryptocurrencies. Notably, he has been involved with renowned firms such as Instinet, Chi-X Global, IEX, Tradewind, and ErisX.
While Trudeau assumes the position of CEO, Nori’s co-founding CEO over the past five years, Paul Gambill, will continue to contribute to the company’s growth as Chief Product Officer. With Gambill’s ongoing presence on the board, Nori remains committed to its mission of advancing carbon removal initiatives and making a positive impact on the environment.