Oka is a fintech that builds insurance solutions to cover risks tied to carbon credits. Founded in 2023 by Chris Slater, the company has developed a full-stack insurance platform and a flagship product called Carbon Protect™ offering post-credit coverage against invalidation or unexpected CO₂ releases (for example fires or deforestation). Carbon Protect™ is designed to protect investors, developers and buyers from events that could compromise the financial value of purchased credits. Oka has activated Syndicate 1922 at Lloyd’s of London to underwrite policies and scale its offerings. Financially, the company completed a $2.6M seed round most recently and previously raised $10M in March 2024 and $7M in February 2023. Oka’s stated aim is to make every carbon credit insurable, increasing transparency and scalability in climate finance. Oka, The Carbon Insurance Company™, provides insurance that compensates buyers for unforeseeable and unavoidable post-issuance risks to carbon credits, including reversal and invalidation. The company aims to de-risk the voluntary carbon market for buyers and sellers and has described insurance as the "missing piece" to unlock market scale. Led by CEO Chris Slater, Oka says it has early customer traction. Oka raised $10M in funding to support its risk-based capital requirements and operational growth. The financing was led by Aquiline Capital Partners and firstminute capital, with Overview Capital participating. Management described the capital as a vote of confidence that moves the company closer to its vision of insuring every carbon credit. Oka is a Park City, UT-based company that provides insurance solutions for companies and organizations engaging in the carbon credit market. Its primary product is a policy that replaces carbon credits if they are destroyed or later found to be invalid, aiming to provide security and confidence to the voluntary carbon market (VCM). The company plans to use the funds from the seed round to scale its carbon credit insurance offerings and address the risks large U.S. corporations face when buying credits to offset emissions and meet net-zero targets. Oka raised over $7M in Seed funding to support that scaling. The round was led by Aquiline Technology Growth with participation from Firstminute. Led by Founder and CEO Chris Slater, Oka has a dedicated team of experts helping clients navigate the complex carbon credit landscape and achieve their sustainability goals.

Total raised

$20M

Funding rounds

3

Latest round

Seed

Latest activity

Aug 2025