# Oka

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oka

- Industry: Financial Services
- Headquarters: Park City, US
- Website: www.carboninsurance.co
- Total disclosed funding: $17M
- Latest round: Series A (Mar 28, 2024)
- Investors on record: 3

## About

Based in Utah, US, and founded by Chris Slater (CEO), and Laura Fritsch, Carbon Insurance, Inc, doing business as Oka operates as a climate change company that offers carbon insurance services to organizations. In February 2023, Oka raised USD 7 million in seed funding led by new investor Aquiline Technology Growth, with participation from another investor Firstminute Capital. 

The company provides insurance solutions to businesses and organizations involved in the carbon credit market. Oka focuses on providing insurance to replace credits in the event of loss or invalidation, which gives the voluntary carbon market (VCM) market security and confidence.

The company intends to use the February 2023 funding for business growth and development.

## Funding rounds

- Series A, Mar 28, 2024, $10M — Aquiline Capital Partners, Firstminute Capital, Overview Capital
- Seed, Feb 23, 2023, $7M — Aquiline Capital Partners, Firstminute Capital

## Investors

- Aquiline Capital Partners (https://capitalatlas.ai/funds/aquiline-capital-partners) — Seed, Series A
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed, Series A
- Overview Capital (https://capitalatlas.ai/funds/overview-capital) — Series A