Thallo Lands $2.5M for Blockchain-Powered Next-Gen Carbon Credit Exchange


SHARM EL-SHEIKH, Egypt–()–Climate tech and web3 start-ups Thalo announced today that it has closed an oversubscribed seed round of $2.5 million, which allows the company to accelerate the ongoing development and commercialization of its flagship Thallo carbon exchange. Thallo’s premier marketplace uses Web3 technology to solve key issues affecting the contemporary voluntary carbon market, which is becoming increasingly important as companies strive to achieve their sustainability goals.

Investors include enterprise blockchain and crypto firm Ripple and major investors Arcane LLC and Friendly Shopping Group 2as good as Allegory, Cerulean companies and Flori Ventures. Thallo also announced that it received a grant from the Layer 1 Blockchain Celo, through the Climate Collectiveand has also entered into a technical partnership with Ripple.

“The only realistic way to make real progress on the climate emergency is to increase participation,” said Ryan Gledhill, co-founder and CEO of Thallo. “It means that all person who wants to invest in the future of our species, all investor seeking to capitalize on ESG, and all company that wants to be a force for good benefit from direct and effortless access to the voluntary carbon market. This is precisely what Thallo offers, and our investors and partners are fully aligned with our common goal.

Created by climate tech experts and blockchain entrepreneurs, Thallo fills a major gap in today’s voluntary carbon market by standing at the crossroads between legacy carbon market players and innovation. web3. The company uses blockchain technology to create a better voluntary marketplace that is more efficient, democratic, and ensures funding goes to projects, not intermediaries.

Thallo’s flagship carbon exchange will allow companies and individuals to screen, find and buy high-quality verified carbon credits directly from project developers, using blockchain technology to make the process efficient, traceable and transparent. Key differentiators include the company’s non-market approach to carbon credits and Thallo’s emphasis on working directly with project developers to ensure fair value.

The company has already made great progress: Thallo recently announced that it will launch the world’s first two-way carbon bridge in conjunction with award-winning Colombia-based BioCarbon Registry, the first time a carbon registry has included carbon credit tokenization in its process. With the two-way bridge, businesses and individuals can move credits in and out of the blockchain, making it easy to buy, sell, and withdraw credits with full transparency and traceability.

The founding team represents a balanced mix of web3 capabilities and climate technology, including a sustainability expert Joe Hargreaves and veteran blockchain developers and serial entrepreneurs Ryan Gledhill and Adam dry. They are completed by Hayley Moller, a climate communications expert with an MBA from INSEAD and a background in environmental science who leads the company’s marketing. The company has ten full-time employees.

Thallo has already built a strong network of partners and collaborators, including project developers Biofix, InPlanet, TrendCO2e, UNDO, and Belly Innovations; major web3 players Ripple, Celo, Polygon, and Chain link; and dozens of other partners.

Thallo is one of the few expert blockchain participants invited to participate in gold standardDigital Assets Working Group and US Carbon Registryprivate consultation process and participated in will seepublic consultation process.

Thallo is a member of the Carbon Trading Council; Climate Collective; European Carbon Offset Tokenization Association (ECOTA); Natural Climate Solutions Alliancesummoned by WBCSD and World Economic Forum; and is a signatory of the Crypto-climate agreement.

The company also recently released Fast Forward: The Challenges of Scaling the Voluntary Carbon Market, a report with never-before-seen insights exploring the major bottlenecks in the supply of projects in today’s voluntary carbon market, and how to mitigate them.

Voluntary carbon markets are one of the fastest growing markets in the world, reaching a value of nearly $2 billion for the first time in 2021 and is expected to be valued at as much as $150 billion in the next 8 years.

About Thallo

Thallo uses first-of-its-kind blockchain technology to revolutionize and democratize carbon markets, making it easier for buyers and sellers of high-quality carbon credits to find each other. Its team of veteran blockchain entrepreneurs and climate tech professionals combine technological expertise with in-depth knowledge of sustainability to build the carbon market of the future. Thallo’s initial institutional capital raise was oversubscribed and led by investors Friendly Trading Group 2, LLC and Arcan LLC. Follow Thallo on Twitter and LinkedIn or join our Telegram group for updates. For more information, visit www.thallo.io.

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