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Oka, A Carbon Insurance Based Company Redeems $7m In Recent Funding

Things To Know About Oka

Oka us a publically held company with a major grip in carbon insurance. This is a promising company which aims to provide easy, affordable and relevant insurance based policies to opaque market.

The round was led by Aquiline Technology Growth, a prominent investor in early and growth-stage companies that are bringing innovation to financial services, who will help fuel Oka’s vision to ensure all carbon credits are insured. It has a mission to provide insurance which replaces credits if destroyed or if it is claimed as invalid. Thus, the company offers security and confidence to the VCM market.

In the current funding round of the company, the company acquired an estimated amount of worth $7m. The following round had Firstminute, a founder-led fund focused on climate tech based technology. This, Oka’s market reach is getting leveraged while experiencing significant growth and is projected to reach $1trn by 2037, highlighting the scale of the opportunity.

The redeemed capital will be used to scale Oka’s innovative carbon credit insurance offerings, it will focus on the risk factors of the large US sectors.

What Are The Views Of Leading Members Of The Firm On This 

Chris Slater, founder and CEO of Oka, said, “We are honoured to have the support of Aquiline in accelerating the growth of our company and achieving our vision for making insurance an integral part of the voluntary carbon credit market. With their help, we are confident that we will accelerate the growth of our company and achieve our mission of insuring the transition to net-zero.”Max Chee, partner and head of Aquiline Technology Growth, added, “Chris and the team at Oka have a compelling vision for maturing the carbon credit market through its insurance offerings. We are excited about our partnership and look forward to seeing the lasting impact Oka will have on the voluntary carbon market.”

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