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.
Seattle Startup Ever.green Secures $6.1M Seed Funding to Accelerate 20 GW/Yr Clean Energy Marketplace
Ever.green, a Seattle startup, raised $6.1 million in seed funding to expand its marketplace that connects corporations funding clean energy with developers building renewable projects, aiming to accelerate solar and wind power deployment. The platform also leverages investment tax credits from the Inflation Reduction Act to help scale renewable energy infrastructure rapidly.
Seattle startups push into crypto, blockchain and Web3 amid investor caution and regulatory shifts
The article lists Seattle startups building products and services around crypto, blockchain, and Web3, noting the region’s talent but limited local investor interest and regulatory uncertainty. Industry leaders cite Seattle’s potential as a cloud-computing hub while warning entrepreneurs face funding disadvantages compared with other jurisdictions.
Nori raises $7M Series A led by M13 with investment from Toyota Ventures to scale blockchain carbon-removal credits
Seattle carbon-removal startup Nori raised $7 million in a Series A led by M13 with participation from Toyota Ventures; Nori pays farmers for verifiable practices that store CO2 using a blockchain-based carbon-credit marketplace.
Nori raises $4M seed from Placeholder-led round to scale crypto carbon-offset marketplace
Seattle startup Nori raised $4 million in a seed round led by Placeholder to expand its crypto-based carbon-offset marketplace that pays farmers for regenerative practices; the platform has sold nearly 13,000 metric tons of CO2 offsets and aims to sell 20,000 more by year-end.
Nori CEO Paul Gambill Raises $1.3M Pre-Seed, Poised to Scale Carbon-Removal Marketplace
Nori, a Seattle carbon-removal marketplace founded by Paul Gambill, raised $1.3 million in a pre-seed round and is nearing its next funding target as it prepares to scale and hire. Gambill, a former engineer and entrepreneur, aims to grow the team after years of early-stage bootstrapping and Techstars Sustainability Accelerator support.
E8 launches Decarbon8-US philanthropic fund to back climate-tech startups, raised $120,000 so far
Seattle-based E8 launched Decarbon8-US, a tax-deductible philanthropic fund that lets anyone donate to support early-stage climate-tech startups; it has raised $120,000 so far and will award $50,000–$75,000 to three-to-six companies announced in July.
People
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Paul Gambill Founder, Co-founder, Executive Officer, Director, Promoter
