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Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance

January 29, 2024

An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they’ve paid for has closed the biggest European climate-focused seed funding round in more than a year.

CarbonPool raised 10.5 million Swiss francs ($12.17 million) in the round led by Heartcore Capital and Vorwerk Ventures, two executives told Reuters, alongside HCS Capital, Revent Ventures and former Allianz board members Axel Theis and Christof Masher.

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