# Solid World DAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solid-world-dao

- Industry: Financial Services
- Headquarters: Tartu, Estonia
- Website: www.solid.world
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 7, 2022)
- Investors on record: 7

## About

Based in Tartumaa, Estonia, and founded in 2021, Stenver Jerkku and Rez, Solid World DAO, aka Solid World, Solid provides a marketplace that enables institutions to invest in carbon financing projects through diversified and derisked carbon financing pools and utilizes blockchain technology to tokenize carbon credit pre-purchase agreements. In March 2022, Solid World raised USD 2.5 million in seed funding, co-led by Yolo Investments, Possible Ventures, Greycroft Partners, Draft Ventures, Awesome People Ventures, Alumni Ventures Group, and Allegory Venture Partners.

The business offers a platform that develops a blockchain-based tokenized infrastructure for forward carbon credits that reduces project risk and makes forward markets liquid and collateralizable. The company invests in a variety of carbon credit initiatives, including agriculture, blue carbon, reforestation/afforestation, and carbon capture.

The Solid World will utilize its March 2022 funds in spending 50 percent of the funds to build liquidity pools by pre-purchasing carbon credits, and the remaining 50 percent will use to run the team/community rewards program.

## Funding rounds

- Seed, Mar 7, 2022, $2.5M — Greycroft, Alumni Ventures Group, Allegory Venture Partners, Draft Ventures, Yolo Investments, Awesome People Ventures, Possible Ventures

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Allegory Venture Partners (https://capitalatlas.ai/funds/allegory-venture-partners) — Seed
- Draft Ventures (https://capitalatlas.ai/funds/draft-ventures) — Seed
- Yolo Investments (https://capitalatlas.ai/funds/yolo-investments) — Seed
- Awesome People Ventures (https://capitalatlas.ai/funds/awesome-people-ventures) — Seed
- Possible Ventures — Seed