Kwota is a Tallinn-based cleantech startup aiming to establish a global standard that validates and trades carbon emissions savings from using recycled materials in production. The company plans to use NFT and Web3 technologies to create a digital footprint that guarantees unique transparency of carbon savings reporting and trading. Founder and CEO Rain Vääna says Kwota seeks to drive global disruption in the material manufacturing industry and channel more money to producers who use recycled materials. Change Ventures’ Yrjö Ojasaa commented that Kwota flips the economics of CO₂ credits in favor of carbon reducers and revamps the economics of recycling. Kwota raised €1.5 million in a pre-seed round. The round was led by Change Ventures with participation from Wise Guys Ventures, Lemonade Stand, Greenco Ventures, Vestman Energy, and angel investor Janis Krūms.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022