Chicago, IL, United States - Climate Vault, a pioneering company in the environmental services industry, is pleased to announce the successful completion of its Series A funding round, raising an impressive $9.4 million. The funding was led by King Philanthropies, a renowned investor committed to supporting impactful initiatives in the climate action space.

Climate Vault is revolutionizing the market for climate action by offering organizations a comprehensive and verifiable solution for immediate carbon calculations, reductions, and removals. The company's integrated reduction and removal program is designed to swiftly eliminate carbon emissions, enabling organizations to make a tangible environmental impact that aligns with the expectations of today's employees, stakeholders, and customers.

Unlike traditional offset programs available through voluntary carbon markets, Climate Vault provides the most credible and expeditious carbon reduction solution on the market. Through our data-centric solutions, organizations can accurately measure, reduce, remove, and report their operational carbon footprints, as well as the carbon impacts stemming from their products, employees, portfolios, and events.

"We are thrilled to have King Philanthropies as our lead investor in this funding round," said Jonathan Cohen, Founder of Climate Vault. "Their commitment to making a positive impact aligns perfectly with our vision of providing organizations with a viable and immediate solution for carbon reduction. With their support, we are well-equipped to accelerate our efforts and drive meaningful change in the fight against climate change."