Tokyo-based Creattura, a climate finance company focused on carbon project development, has raised $2.4m in a Series A funding round.
The round saw participation from investors DBJ Capital and Mitsui Sumitomo Insurance Venture Capital, according to the Coverager.
Founded in 2022, Creattura provides carbon credits, renewable energy certificates, and consulting services to help businesses decarbonise their operations. To date, the company has sold over 800,000 tons of CO2-equivalent carbon credits and renewable energy certificates, equivalent to the annual emissions of around 400,000 people.
The funding will be used to accelerate Creattura’s development of carbon projects and its IT capabilities, both within Japan and internationally.
The company aims to scale its operations and provide innovative climate solutions to combat the increasing economic impacts of climate change, which have been exacerbated by extreme weather patterns and natural disasters.
DBJ Capital’s senior investment manager Yoshitake Ishimoto expressed confidence in the company’s strategy, stating, “We are honoured to participate in Creattura’s Series A funding round. We view carbon credits as a promising solution for achieving carbon neutrality and have high expectations for our business strategy, which involves global expansion while ensuring reliability. As a venture capital firm under a government-affiliated financial institution, DBJ Capital will actively support your business and work on addressing global challenges related to carbon neutrality.”
Similarly, Mitsui Sumitomo Insurance Capital’s investment development associate Shungo Takagi praised Creattura’s potential, citing the rapid growth in the carbon credit market, “Congratulations on the successful first close of your Series A round of funding. As global trading of greenhouse gas emissions through carbon credit systems expands, there is a rapid increase in domestic companies’ commitment in Japan, driven by upcoming regulations on greenhouse gas emissions and the full-scale operation of the carbon credit trading market. We are confident that, with the solutions provided by Creattura, you will create a trading environment where domestic companies contributing to decarbonization are accurately recognised as leading companies offering valuable services to both the supply and demand sides of the carbon credit market.”
Creattura’s CEO and representative director Tomomichi Hattori also highlighted the growing urgency of addressing climate change, noting the increasing economic toll of extreme weather, “We are extremely proud to have received investment from two renowned Japanese VCs, DBJ Capital and Mitsui Sumitomo Insurance Capital. This July has been reported as the hottest summer since meteorological observations began, and we believe that most people are experiencing abnormal changes in weather firsthand. These climate changes are starting to have negative economic impacts on human society, manifesting as localized disasters due to heavy rain, high temperatures, impacts on agriculture from droughts and floods, and outbreaks of disease. Since our society is built upon this natural capital, addressing climate change, which is the foundation of this capital, is recognised by us as the most important challenge for leaving a sustainable society for future generations. With the investment we have received, we will accelerate the realisation of our IT and technology capabilities and the development of carbon projects both domestically and internationally. Creattura will continue to fully commit to creating innovative solutions using technology and carbon finance to ensure that our irreplaceable natural heritage is preserved for the next generation. ”
To date, this is Creattura’s first close of its Series A round.
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