BNZ Green Raises $100K in Pre-Seed Funding Round Led by Climate Detox

• ByStartupStory     |    March 18, 2024

BNZ Green, a Mumbai-based startup, has secured $100,000 in its pre-seed funding round. The investment, led by Climate Detox, marks a crucial step forward for BNZ Green’s mission to transform the carbon credit market through blockchain technology.

Founded by Ashish Jain and Dr. Neha Jain, BNZ Green aims to provide a unique trading platform for project developers, traders, businesses, and individuals to trade and retire carbon credits. With a vision of fostering a world where environmental preservation is paramount, the startup presents innovative solutions to address the challenges of climate change.

Commenting on investment in BNZ Green, Mr. Gaurav VK Singhvi from Climate Detox expressed, “Decisive climate action is indispensable to mitigate the extensive impacts of climate change, safeguarding ecosystems and promoting sustainable economic development. The pivotal role of carbon credits in combating deforestation therefore cannot be overstated. Meeting the ambitious targets outlined in the Paris Agreement necessitates a substantial 15-fold expansion of carbon markets by 2030, forming a critical pathway to a sustainable future. BNZ Green stands as a trailblazer, utilizing cutting-edge technology and blockchain to revolutionize the voluntary carbon market. This strategic approach not only enhances liquidity and transparency but also channels capital directly into crucial conservation initiatives, reforestation projects, and ecosystem restoration efforts. Additionally, BNZ Green actively champions innovative removal and reduction projects in developing regions”

Commenting on the funds raised Ashish Jain, Co-Founder and CEO, BNZ Greenstated,“This infusion of funds empowers BNZ Green not only to expand our carbon credits marketplace but also to strengthen our dedication to facilitating the transition to a low-carbon economy. This backing reinforces our collective commitment to combating climate change and nurturing environmental stewardship. We are excited about our collaboration with Climate Detox, leveraging their rich expertise and esteemed global network to create a platform that offers accessible and effective ways to preserve the environment. Using blockchain technology, we aim to inspire and unite individuals and businesses in achieving Net-Zero status.”

The funding will be strategically utilized for platform development and marketing initiatives, with a focus on enhancing user experience and increasing brand visibility. BNZ Green aims to inspire and unite individuals and businesses in achieving Net-Zero status, leveraging its strategic collaborations and experienced advisory board to drive meaningful impact in the fight against climate change.

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