What is Kita?
Founded in 2021, Kita operates at the intersection of climate-tech and financial services. The company specializes in parametric insurance, a model that provides rapid, pre-agreed payouts based on trigger events rather than traditional loss-adjustment processes. By addressing the specific vulnerabilities of decarbonization initiatives, Kita provides the necessary financial security to accelerate investment in carbon removal and environmental sustainability. Its market position is defined by its ability to bridge the gap between complex climate science and institutional risk management, effectively de-risking the transition to a net-zero economy.
How much funding has Kita raised?
Kita has raised a total of $4.6M across 2 funding rounds:
Other Financing Round
$441K
Angel/Seed
$4.2M
Other Financing Round (2022): $441K with participation from Echelon Capital, Carbon13, Insurtech Gateway, and Climate VC Fund
Angel/Seed (2023): $4.2M led by Climate VC Fund, Carbon13, Octopus Ventures, and Gateway Investments
Key Investors in Kita
Climate VC Fund
A venture capital firm focused on disruptive New Zealand climate-tech companies, aiming to reduce global CO2 emissions through strategic co-investments.
Carbon13
A dedicated venture builder that supports entrepreneurs in creating scalable climate tech solutions to mitigate significant annual CO2 emissions.
Octopus Ventures
A founder-focused venture capital firm that provides long-term capital and guidance to mission-driven companies across the climate and financial technology sectors.
What's next for Kita?
Following this major enterprise-level funding, Kita is expected to prioritize the expansion of its underwriting capacity and the development of new parametric triggers tailored to emerging carbon markets. The strategic backing from specialized climate-focused investors suggests a roadmap centered on scaling its footprint within the UK and international markets. As the demand for high-integrity carbon credits grows, Kita's ability to provide robust insurance coverage will likely become a cornerstone for institutional investors seeking to deploy capital into large-scale environmental projects with greater certainty and reduced volatility.
See full Kita company page
