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.
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.
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.
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.
“Kita is fighting climate change, and speed is of the essence. Insurtech Gateway’s reputation as the fastest place to build and launch an insurtech was therefore the perfect fit. Kita’s passion is enabling carbon removal solutions to scale, and we are thrilled to be working with Insurtech Gateway to do it at the rate the climate crisis requires.”
Natalia Dorfman, Co-Founder and CEO at Kita
tl:dr Kita, the world’s first carbon insurer, has raised a £350k pre-seed round led by Insurtech Gateway. The world requires …
Guest post by Femke Bartels, Global MD at THNK School for Creative Leadership. Climate change: How the insurance industry …
“Kita has found a very interesting role for insurance to play in accelerating the growth of carbon removal markets and we believe the Kita team are the best people for the job. We are excited to help them get their product into market.”
Stephen Brittain, Co-Founder at Insurtech Gateway