Oporto Carbon

Company Overview

Snapshot

Founded in June 2022 by Avi Luvchik, Oporto Carbon operates with 1–10 employees. The company has raised $14 million across one funding round from two investors. In December 2022, Oporto Carbon secured seed funding, marking a significant early milestone in its development.

Business overview

Oporto Carbon assists companies globally in achieving their net carbon emission targets by facilitating the purchase of emission reductions. The company collaborates with internationally recognized auditors to certify CO2 offsets, ensuring compliance with applicable international standards and methodologies. As a subsidiary of the Oporto Group, Oporto Carbon's core objective is to substantially reduce CO2 emissions and contribute to the global effort against climate change, operating within the Fintech & Insurtech, Climate Tech, and Energy Tech sectors.

Strategic signal

In December 2022, Oporto Carbon successfully raised NIS 50 million to support its mission of reducing carbon emissions in Israel, as reported by Time News. This early-stage funding indicates strong investor confidence in the company's approach to carbon certification and its potential to impact climate change initiatives, signaling a positive trajectory for its market entry and operational expansion.

Company Intelligence Q&A

When was Oporto Carbon founded?

Oporto Carbon was founded in June 2022.

Who are the founders of Oporto Carbon?

Oporto Carbon was founded by Avi Luvchik.

What is Oporto Carbon's primary focus?

Oporto Carbon focuses on helping companies achieve net carbon emission goals by certifying CO2 offsets according to international standards and methodologies.

What is the total capital raised by Oporto Carbon?

Oporto Carbon has raised a total of $14 million across one funding round.