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Abatable

Credit sourcing platform for the carbon market

Abatable logo
21-100 employees
  • B2B
  • Sustainability
  • Environmental
Bermondsey, London, UK

Company mission

To empower every organisation to build a thriving future for climate, nature and people.

Top investors

50% female employees

Our take

Abatable helps companies offset hard-to-abate emissions through diversified portfolios of trusted carbon offsets which they source, evaluate and finance. This is done by recommending companies the right offsetting portfolio bundle based on budget, impact, and location preferences.

Abatable was founded in July 2021 and are backed by Global Founders Capital and Y Combinator. Its founding team has a strong founder-product fit to tackle this urgent problem, with one co-founder previously working as VP at Goldman Sachs, advising large corporates and institutional investors on nature-based carbon removal and impact investment portfolios.

Abatable has seen significant growth, expanding its platform to include a high-quality carbon offset marketplace, as well as making a strategic acquisition in the nature-based carbon credit company Ecosphere+. Its experience and focus on minimising risk whilst maximising impact gives the company an edge over other companies starting to crowd the sector.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • The choice to structure your compensation package, with a generous share options package
  • Hybrid working model with 2 days a week in our London Bridge office
  • Holidays: 25 days holiday (excl. bank holidays) + bonus day for your birthday
  • Health and Dental insurance, including mental health cover to holistically support your wellbeing
  • Family leave policy: 26 weeks at 100% pay for the primary caregiver and 13 weeks at 100% pay for the secondary caregiver, plus unpaid leave and flexible return to work arrangements
  • Pension enrolment for all employees
  • Learning and Development budget of £500 per year
  • Cycle to work scheme

Company values

  • Transparency by default
  • Collaboration and partnership
  • Lead with trust
  • Focus on our mission
  • Act with integrity
  • Science-led and data-driven

Funding (last 2 of 4 rounds)

Apr 2023

$13.5m

EARLY VC

Nov 2021

$3m

SEED

Total funding: $17.4m

This company has top investors

Leadership

Ex Vice President, ESG & Impact Investing at Goldman Sachs, advising large corporates and institutional investors on nature-based carbon removal and impact investment portfolios.

Valerio Magliulo

(Co-founder & CEO)

Product Manager experience at Monzo, Google and recently Facebook, where they led global efforts to fight COVID-19 and vaccine misinformation

People progressing

Ed is a full-stack engineer and Head of Engineering. Previous Staff Engineer at Monzo where he led the development of internal operations tooling and helped to bootstrap and scale the company’s web engineering discipline.

Diversity, Equity & Inclusion at Abatable

Valerio Magliulo headshot

Valerio Magliulo (Co-founder)

  • We want to ensure we're building a balanced and diverse team right from the get-go, which can be challenging for an early-stage startup. We're doing this by removing bias from our interview process where possible and monitoring the gender and diversity balance in our pipeline so that we can keep it equal.
  • We are also constantly looking for better ways to create an inclusive and supportive culture. This includes flexible working (we care about output not hours) but we will be expanding this as we grow.
  • We also realise that we can always improve and so adopt an attitude of trying out any ideas suggested by the team. This means we're constantly trying out new ways to improve our culture. We'd love to hear about any ideas you have!

Endorsements

All

Meaningful work (2)

Challenging work (1)

Opportunities to learn (1)

Career progression (1)

Nice people (1)

Flexible working (1)

Team energy (1)

Inspiring mission (1)