Paris-based Riverse, which develops a carbon crediting platform, has secured €5 million in a seed funding round led by Alven and Racine². The startup plans to accelerate certification processes and expand strategic partnerships.
- Launched in 2022, Riverse develops a carbon crediting platform and standard tailored for engineered, technology-based carbon mitigation projects.
- The platform certifies and issues high-integrity carbon credits that align closely with a company’s value chain, industry, and geography.
- By focusing on projects such as biogas production, electronics refurbishing, biobased construction materials, and biomass carbon removal, Riverse ensures its credits are both environmentally impactful and economically relevant.
- The certification process is streamlined and data-driven, typically completed in under three months, and follows robust methodologies aligned with international standards like ISO 14064-2. Credits are then issued and made available through a transparent registry and partner marketplaces.
- Since its launch, Riverse has earned ICROA endorsement, validated over 60 projects, issued more than 250,000 credits, and partnered with leading organizations including Patch, South Pole, and BNP Paribas.
Details of the deal
- Alven and Racine², an impact-focused fund managed by Serena and makesense, led the oversubscribed round, with support from SpeedInvest and Kfund.
- Riverse will use the €5 million to scale its platform, accelerate certification, expand project coverage, and develop new methodologies for high-impact, tech-based carbon credits.
