According to ChainCatcher, Net Zero, a carbon removal startup in Stockholm, has completed a $5.5 million seed round of financing. Investors include Oilinvest, VARO Energy and SilviCarbon. The funds will be used to support global expansion and launch new product suites, including carbon removal tokens (a real-world asset-backed token).

It is reported that the company focuses on blockchain to enable secure and transparent carbon credit transactions, and focuses on global nature-based carbon removal. Its approach emphasizes environmental integrity and social responsibility.