Nori
Facts
- HQ
- Seattle
- Sectors
- Climate, Marketplace, Blockchain
- Founded
- 2018 Seattle business license
- Employees
- 10
- Registered name
- Nori Inc Seattle business license
- Stage
- startup
- Total raised
- $6.6M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $1.2M · Mar 2023 SEC Form D
Seattle Carbon Removal Startup Nori Shuts Down After Raising $17.25M and Seven Years of Operation
Seattle-based carbon removal startup Nori, which raised $17.25 million and operated a blockchain-enabled marketplace for carbon credits, has shut down after seven years due to challenges in the voluntary carbon market and funding difficulties. Despite being on track to remove over 700,000 tons of carbon in 2023 and directing $6.5 million to farmers, Nori ceased operations amid an uncertain and evolving carbon credit sector.
Carbon Removal Startup Nori Raises $6.25M Led by Toyota Ventures, Appoints Matt Trudeau CEO
Carbon removal startup Nori raised $6.25 million led by Toyota Ventures and others, bringing total funding to $17.25 million, and appointed Matt Trudeau as new CEO. Nori sells blockchain-based carbon credits from farmers capturing carbon, has partnered with Bayer, and faces supply shortages amid growing offset demand.
Seattle Carbon Removal Startup Nori Lays Off 10 Employees Amid Market Challenges
Seattle-based carbon removal startup Nori laid off 10 employees, about 37% of its staff, due to challenging market conditions and tightening startup funding. Founded in 2017, Nori focuses on selling carbon credits from sustainable farming practices and recently integrated its marketplace on blockchain.
People
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Paul Gambill Founder, Co-founder, Executive Officer, Director, Promoter
