Climate insurtech startup, Artio, has today announced it has raised £550k to pioneer insurance solutions for early-stage carbon removal projects through its proprietary risk modelling platform.
With organisations worldwide racing to achieve net-zero targets and address historical emissions, there's an urgent need to scale high-quality carbon removal projects. However, early-stage projects struggle to secure investment due to delivery risks.
Artio's insurance products enable investors to confidently back early-stage carbon removal projects by providing risk mitigation from day one. This increased security aims to accelerate market growth and boost the supply of high-integrity carbon credits, critical for helping corporations and governments meet their 2030 climate commitments.
The funding will accelerate Artio's product development and key hires. The company plans to launch its first insurance products for carbon removal projects in early 2025. This product is being developed with experienced insurance partners as part of Lloyd’s Lab.
The round was led by Lifetime Ventures, leveraging their deep climate tech expertise, alongside SFC Capital, one of the UK's most active pre-seed investors.
The founders of Artio bring together leading industry expertise and passion to the company's mission. Bilal Hussain, CEO, has extensive experience assessing carbon projects from his time at Sylvera and Maya Climate. Ibrahim Sarwar, COO, has a robust background in early-stage project finance modelling and risk management from his time at Deloitte.
