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Climate tech start-up URECA closes US$1.5 mil pre-seed round, allows 'virtually anyone' to trade carbon offsets

Jovi Ho
Jovi Ho11/22/2022 10:11 AM GMT+08  • 3 min read
Climate tech start-up URECA closes US$1.5 mil pre-seed round, allows 'virtually anyone' to trade carbon offsets
Originating from Mongolia and based in Singapore, URECA has built a marketplace platform for trading high-quality carbon offsets.
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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.

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