Kita

ACCELERATED IMPACT

Carbon removal solutions generate revenue from forward sale of carbon units. Inconsistent standards and opaque transactions in the voluntary carbon markets lead to significant risk: will carbon purchased be delivered as promised?

Kita’s insurance guarantees quality and delivery of carbon units, increasing access to capital for high-integrity carbon removal projects.

KITA FOUNDERS

Natalia Dorfman (CEO) – Over 15 years business development and strategy experience, including over 8 years at Clyde & Co LLP, where she initially ran the UK Insurance business development team and later was Global Head of New Business, leading the firm’s Climate Risk strategy. Little known fact: at University Natalia majored in environmental science and led backpacking and rock-climbing trips

Dr. Paul Young (CTO) – Received a PhD in Astrophysics before a 24+ year career in data-science driven hedge-funds, including founding two hedge fund-focused start-ups (the 2nd of which, Sybenetix, was acquired by Nasdaq in 2017).  Little known fact: one of Paul’s earliest jobs was as an insurance loss adjuster.

Tom Merriman (CPO) – Over 15 years experience in FinTech product management, leading product teams at Bloomberg and Nasdaq. Little known fact: Tom has more degrees than you can shake a stick at, including climate change science. He also once founded a beer export company from California to the UK.  

The team was brought together by Carbon13, the venture builder for the climate emergency.

PROBLEM

Carbon removal solutions are essential to fight climate change, but there is a lack of tailored insurance for their key asset – carbon units, thus limiting their ability to scale at speed.

SOLUTION

Kita’s insurance solutions use sophisticated data modelling techniques to remove carbon delivery risk from buyers and sellers in the voluntary carbon market, thus enabling development and accelerating climate impact.