# ClearBlue Market

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearblue-market

- Industry: Environmental Services
- Headquarters: Toronto, Canada
- Website: www.clearbluemarkets.com
- Total disclosed funding: $8M
- Latest round: Series A (Mar 21, 2023)
- Investors on record: 2

## About

Based in Ontario, Canada, and founded in 2016 by its CEO Michael Berends, CIO Michiel Ten Hoopen, and CTO Nicolas Girod, ClearBlue Market operates as a global carbon markets company that helps businesses confidently navigate, manage risk, and realize the value in carbon markets while meeting their climate objectives. In March 2023, ClearBlue Market raised USD 8 million in series A funding led by the Royal Bank of Canada, with participation from CRCM Ventures. As of March 2023, the company has a team of more than 40 employees that serves over 200 clients across Toronto, and Amsterdam.

ClearBlue Market provides a wide range of carbon markets services including carbon advisory services with a focus on policy, market developments, and risk mitigation; market analysis along with regulatory changes in the market, changes in market participants' behavior, changes in the economic outlook, and any other developments that could lead to significant impacts on the carbon markets; carbon market transactional services; project and carbon value identification; commercialization of offsets; assistance with Issuance of carbon offsets. The company's client base includes CRH, Mercuria, JD Irving, Bain Capital Partnership Strategies, Mitsubishi, Energir, and VARO Energy.

The company plans to use the series A funding to support the growth of its technology platform.

## Funding rounds

- Series A, Mar 21, 2023, $8M — Royal Bank of Canada, CRCM

## Investors

- Royal Bank of Canada — Series A
- CRCM (https://capitalatlas.ai/funds/crcm) — Series A