Riverse, a carbon crediting platform focused on engineered climate solutions, has secured €5m in a seed funding round to expand its operations and address the challenges facing the voluntary carbon market.
The round was co-led by Alven and Racine², the impact investment vehicle of Serena and Makesense. SpeedInvest, which led Riverse’s pre-seed round, also participated alongside new investor Kfund. The funding was described as oversubscribed.
Founded in 2021, Riverse operates as both a carbon crediting standard and a platform supporting a wide range of carbon avoidance and removal projects. These include technologies such as IT refurbishment, biobased construction materials, enhanced rock weathering, and biomass carbon removal. A key differentiator is that all credits are verified using granular, auditable industrial data, which is published on Riverse’s open-access registry.
Riverse aims to address a long-standing paradox in the carbon market—many businesses seek high-integrity credits but struggle to find ones that are relevant to their geography, industry, or supply chains. Riverse believes that offering credits that are both trustworthy and directly relevant to a business’s activities is key to unlocking wider adoption and scaling the market.
The company has received full endorsement from the International Carbon Reduction and Offset Alliance (ICROA), becoming the first to achieve this under ICROA’s updated assessment framework. It has already validated over 60 projects and issued more than 250,000 carbon credits. Clients include well-known names such as BNP Paribas, Engie, Bouygues, and Patch.
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