Carbon removal registry lands one of largest-ever seed rounds for climate software

4 min read


The startup investment climate has been somewhat grim of late. And despite ever-mounting evidence of approaching catastrophe, financing of climate tech has also suffered, with venture funding down 40% in H1 2023. However, there are some rays of hope shimmering on the horizon. 

With less money available, it is perhaps understandable that investors (even the Earth-conscious kind) want to back founders with a proven track record. One such is Eamon Jubbawy. 

Having co-founded successful AI-powered ID verification startup Onfido, Jubbawy has now turned his attention towards fighting climate change by fostering trust in the budding carbon removal industry. 

Jubbawy’s latest endeavour is Isometric, a carbon dioxide removal (CDR) verification platform that just raised $25mn (€22.25mn). Backed by Lowercarbon Capital and Plural, the investment is one of the largest-ever seed rounds for a climate software company. 

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“As soon as I stumbled across the need for something like Isometric in carbon removal, I kind of dropped everything,” Jubbawy told TNW. “I understood that I have to focus fully on this, run it as the founder and CEO, raise a lot of money to do it, and just go 100% as fast as possible — and build something meaningful.” 

Profile photo of Eamon Jubbawy