HomeCarbon MarketsCarbon Offset Subscription Service - Ecologi, Continues to Grow

Carbon Offset Subscription Service – Ecologi, Continues to Grow

In 2019, UK start-up Ecologi had an idea: With subscription services all the rage, why not allow environmentally conscious consumers to subscribe to offset carbon emissions by funding environmental projects?

Let’s just say the idea took off.

Ecologi completed a seed investment round of $5.75 million (£4.05 million) in April. Their pre-money valuation was £16.5 million from lead investor General Catalyst, along with Entrée Capital. Now, Ecologi’s pre-money valuation is at £75 million. They also exceeded a £2 million crowdfunding target on Crowdcube.

Ecologi plans to use the money to expand in the US and EU. They also plan to use the funds towards product development.

Carbon offsets have grown in popularity over the past year as nations and businesses across the globe look for ways to reduce their carbon emissions. This is done by purchasing carbon credits. Each individual carbon credit is equivalent to one ton of carbon being removed from the atmosphere.

Though some have raised concerns over the role of carbon offsets in the fight against climate change, world leaders have voiced their support. Carbon offsets were a central discussion point during COP26, as nations agreed to standardize the offset process.

Some experts even believe the industry could reach $22 trillion by 2050.

According to Elliot Coad, Ecologi CEO and Co-founder, “Community ownership is at the heart of what we do and has been the driving force behind our growth over the last two years, so we felt it was only fitting that we offered our loyal subscribers the chance to own a stake in Ecologi. Since GC’s investment in April this year, we have spent the last three months turning down VC money in favour of a community-based crowdfund.”

Ecologi’s B-Corp certification is in process. Their ultimate goal is to plant one million trees every 10 days, reaching 1.7 billion trees by 2030.

As of now, subscribers through Ecologi have supported planting 26 million trees, offsetting 943,120 tons of carbon.

Most Popular
LATEST CARBON NEWS

Amazon’s $1 Billion Move Towards Net Zero: Logistics Electrification Across Europe

Amazon is making waves in its journey toward sustainability with a groundbreaking $1 billion investment to electrify its European transportation network. This initiative is...

Top 5 Lithium Producers Powering the Battery Market in 2025

In this era of sustainability, the battery metals market plays a key role in the energy transition. Lithium, nickel, and cobalt drive demand for...

DOE’s $100M Carbon Capture and $32M Grid Edge Investment Boosts U.S. Energy Transition

On February 15, the U.S. Department of Energy (DOE) announced investing in two separate initiatives to advance clean energy and grid resilience in the...

Top 4 Carbon Projects in 2025: The Game-Changers in Climate Action You Need to Know

In the fight against climate change, companies big and small face mounting pressure to take responsibility for their carbon footprint. Despite rigorous efforts to...
CARBON INVESTOR EDUCATION

Top 5 Carbon ETFs for Sustainable Investing in 2025

Like stocks, investors can buy and sell Exchange-Traded Funds (ETFs) whenever the market is open. Often investing in carbon credits through ETFs offers a...

Green AI Explained: Fueling Innovation with a Smaller Carbon Footprint

As artificial intelligence (AI) continues to transform industries and unlock new opportunities, its environmental impact is also a matter of concern. While AI holds...

What’s Shaping North America’s Natural Gas in 2024? Insights from Wood Mackenzie

The natural gas market has immensely benefitted this year from robust storage levels and stabilized prices after the sharp spikes of 2022. However, challenges...

EU’s Green Bonds to Slash 55 MTS of CO₂ Annually. Can it Hit Europe’s 2050 Net Zero Target?

The European Commission released its NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report 2024 explaining how proceeds from green bonds are being used to...