What is Chooose?
CHOOOSE operates as a climate action platform designed to combat the pervasive issue of greenhouse gas emissions originating from large industrial entities. The company's model involves purchasing carbon credits on behalf of its monthly subscribers. Each credit signifies the reduction of one tonne of CO2, which is then permanently removed from circulation. The financial proceeds from these carbon credit purchases are directed towards UN-certified clean energy initiatives situated in developing nations. Headquartered in Oslo, Norway, CHOOOSE is positioning itself as a key player in the burgeoning climate tech sector, offering a tangible mechanism for individuals and businesses to contribute to global emission reduction targets.
How much funding has Chooose raised?
Chooose has raised a total of $19M across 2 funding rounds:
Angel/Seed
$4M
Other Financing Round
$15M
Angel/Seed (2019): $4M, investors not publicly disclosed
Other Financing Round (2023): $15M led by Temasek and Sound Ventures
Key Investors in Chooose
Temasek
Temasek is a global investment company headquartered in Singapore, known for its long-term investment approach across a wide range of sectors. It actively invests in companies that are shaping the future, with a growing focus on sustainability and technology.
Sound Ventures
Sound Ventures is a venture capital firm that invests early in innovative companies, providing hands-on support to visionary founders as they scale their businesses. Based in Beverly Hills, CA, the firm is known for its conviction in the companies it backs. Their focus is on identifying and nurturing the next wave of groundbreaking ideas and technologies. Sound Ventures aims to empower entrepreneurs to achieve their full potential.
What's next for Chooose?
The recent major strategic investment signifies a pivotal moment for Chooose, indicating a strong market validation and providing the necessary capital for accelerated growth and expanded operational capacity. This infusion of financing is expected to bolster the company's efforts in scaling its carbon credit purchasing operations and potentially broadening its portfolio of supported clean energy projects. The strategic nature of this backing suggests a focus on enhancing market penetration and solidifying its position as a leader in the climate action technology space. Future developments will likely involve further innovation in its platform and an increased impact on global emission reduction goals.
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