Abatable
Credit sourcing platform for the carbon market
- 21-100 employees
- B2B
- Sustainability
- Environmental
- Bermondsey, London, UK
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Company mission
To empower every organisation to build a thriving future for climate, nature and people.
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
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
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
Maria Eugenia Filmanovic
(Co-founder)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