Supercritical raised £2 million in a pre seed round led by LocalGlobe.

Supercritical, a London, UK-based startup developing a software tool used for carbon tracking, announced that it raised a £2 million ($2.8M) preseed funding round.

The money was raised from investors led by UK-based VC LocalGlobe, and joined by Taavet Hinrikus / Transferwise, Alice Bentinck / Entrepreneur First, Peter Reinhardt / Segment and Charm Industrial, Yancey Strickler / Kickstarter, Amit Gudka / Bulb, and Gustaf Alströmer / YC partner on climate.

Supercritical, founded in 2020 by CEO Michelle You, developed a platform that can help businesses get to net zero by measuring their climate impact and selling high-impact carbon removal offsets. The platform assesses a company’s carbon impact, creates an actionable plan for reducing their emissions and recommends a portfolio of high-quality carbon removal offsets for companies to purchase. It will effectively be building a marketplace of carbon removal projects such as enhanced weathering, bio-oil sequestration and direct air capture.