GreenTrade, the NFT carbon credit forward financing market, has completed a multi-million euro pre-seed round, led by Web3 VC Cerulean

GreenTrade, the Berlin-based forward financing market for NFT carbon credits, has announced the completion of a "seven-figure" pre-seed round of funding for an undisclosed amount. Web3 venture capital firm Cerulean led the investment, while Draft Ventures, Allegory and Flori Ventures and angel investors such as Tom O'Keefe and Sundeep Ahuja participated. GreenTrade was founded by Katrin Klingenberg, Ulf Hackbarth, Carsten Hermann and Frederick Leuschner, The company accelerates the financing of new carbon projects by signing long-term off-take agreements with project developers and converting these contracts into tradable NFT digital assets that can be used by corporate buyers, while also enabling developers in the carbon credit space to more efficiently access funding.