# Kita Earth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kita-earth

- Industry: Insurance
- Headquarters: Worcestershire, UK
- Website: www.kita.earth
- Total disclosed funding: $4.9M
- Latest round: Seed (Dec 13, 2022)
- Investors on record: 6

## About

Founded in 2021 by Natalia Dorfman, Paul Young, and Thomas Merriman, and based in England, UK, Kita Earth Limited, doing business as Kita operates as the provider of an insurance platform that offers insurance and rating services to carbon projects. In December 2022, Kita Earth Limited raised GBP 4 million in seed funding led by new investor Octopus Ventures, with participation from other new investors Chaucer Group Limited and Hartree Partners.

The company provides insurance products against carbon credit transactions to help protect the quality and performance of carbon purchases, allowing for more upfront financing, allowing carbon removal solutions to access greater flows of consistent capital for carbon removal projects. The firm’s product Carbon Purchase Protection Cover, insures the buyer of forward purchased carbon removal credits against carbon delivery risk. 

The company intends to use the December 2022 funding to build its team, scale its underlying technology, and launch its first insurance product.

## Funding rounds

- Seed, Dec 13, 2022, $4.9M — Chaucer Group Limited, Octopus Investments, InsurTech Gateway, Hartree Partners, Climate VC, Carbon13

## Investors

- Chaucer Group Limited — Seed
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed
- InsurTech Gateway (https://capitalatlas.ai/funds/insurtech-gateway) — Seed
- Hartree Partners — Seed
- Climate VC (https://capitalatlas.ai/funds/climate-vc) — Seed
- Carbon13 (https://capitalatlas.ai/funds/carbon13) — Seed