UK-based Supercritical secures €11.8M to scale its carbon removal marketplace

London-based Supercritical, a software platform that helps businesses reach carbon net zero and tackle the climate crisis, announced on Thursday that it has raised $13M (approximately €11.81M) in a Series A round of funding. The round was led by Lightspeed Venture Partners. The round also includes funding from RTP Global, Greencode Ventures, MMC Ventures, and others. Paul Murphy, Partner at Lightspeed, says, “Supercritical is doing something unique. By focusing exclusively on carbon removal offsets, they are helping businesses invest in the places that will actually deliver climate impact while they work in parallel to decarbonise.” “By aggregating demand, including through innovative future-proofing models, they are providing the resources that Carbon Dioxide Removal (CDR) projects need to scale in time.”