Pure Klimaschutz Raises $1.25M Following IPO

Swiss carbon offset player Pure Klimaschutz has received a capital injection CHF 1.3 million ($1.25 million) following a successful IPO on the Berne Stock Exchange.

Swiss venture capital fund Cleantech Invest AG participated in the capital increase along with several investors including a “well-known Swiss investor group.”

Pure Klimaschutz says it will use the capital to continue financing innovative carbon offset projects in South East Asia and South Africa. As a second-generation carbon player, the company concentrates on a small number of specifically targeted greenhouse gas reduction sectors such as waste water treatment, energy efficiency and waste heat recycling.

“The successful capital injection into Pure Klimaschutz shows that innovative carbon businesses continue to attract capital – in a year that has seen very little new investment in carbon funds” said Jürgen F. Habichler, president of the Cleantech Invest board of directors, in a statement.