Oka Raises $10M in Funding
Summary
The company intends to use the funds to support its risk-based capital requirements and operational growth. Its carbon insurance solution provides buyers with financial compensation in the event of unforeseeable and unavoidable post-issuance risks, including reversal and invalidation. Commenting on the news, Chris Slater said: “In a difficult market for venture funding and the VCM alike, we’re delighted by the vote of confidence in Oka. The capital committed by our brilliant investors and capital partners puts us one step closer to realizing our ambitious vision of insuring every carbon credit. Coupled with our early customer traction, their invaluable support reinforces our thesis that insurance is the “missing piece” required to unlock transformational market scale.”