BNP Paribas
Assembly Line
Klim raises ‘massively oversubscribed’ Series A, adds financial services layer to its insetting platform
Insetting solutions provider Klim has raised a $22 million Series A round led by BNP Paribas, one of Europe’s largest banks. Earthshot Ventures, Rabobank, AgFunder*, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures and Elevator Ventures also participated. Part of the new funding will enable Klim to introduce a new financial services layer to its platform — hence the interest from banks in this round.
Klim helps food companies decarbonize their agricultural supply chains through insetting projects, where companies work to reduce emissions in their own value chain rather than relying on offsets. To enable this, its digital platform provides tools like agronomic support and transition capital that can help farmers shift to regenerative agriculture practices, which are vital to insetting projects and reducing scope 3 emissions. Farmers can use the Klim platform to plan, execute, and finance their transition to regenerative practices.
GeoPura Closes Landmark Debt Funding Round, Pioneering Green Hydrogen Finance in the UK
GeoPura, a global leader in zero emission power, proudly announces the successful completion of its inaugural debt funding round, securing £22 million to fund renewable fuel infrastructure and support the clean energy transition. This ground-breaking achievement marks the first major asset-backed debt funding announcement by a green hydrogen company in the UK.
This announcement builds on momentum from a £56m investment round in February 2024 and a £36m Series A funding round in February 2023, welcoming investment from Siemens Energy, General Motors Ventures, Barclays Sustainable Impact Capital, Swen Capital Partners, and the UK Infrastructure Bank. This brings total capital raised to £114m over the last 2 years.
Debt funding has been secured from a panel of bank and non-bank financial institutions including BNP Paribas Leasing Solutions, Close Brothers Asset Finance, HSBC UK and Siemens Financial Services. The proceeds will be used to recapitalise and fund GeoPura’s growing fleet of Hydrogen Power Units (HPUs) and key supporting infrastructure such as tube trailers.