Singapore-headquartered climate tech start-up URECA has closed a pre-seed funding round from undisclosed investors at US$1.5 million ($2.05 million).
The round exceeded the company’s original target of US$1 million, says URECA in a Nov 22 press release.
Originating from Mongolia and based in Singapore, URECA has built a marketplace platform that allows “virtually anyone” to trade high-quality carbon offsets. The latest funding will be used to scale URECA’s operations across Southeast Asia and to accelerate the launch of its marketplace, planned for early-2023.
