Ncx Raises $50M To Fund International Expansion And New Natural Capital Markets

NCX, the science-driven forest carbon marketplace delivering large-scale, immediate impact for climate and communities, announced a raise of $50 million dollars in a Series B round of financing led by energy and sustainability investor Energize Ventures. The round cements new partnerships with J.P. Morgan, Intercontinental Exchange (ICE), Dalus Capital, Clearvision Ventures; and also includes significant follow-on funding from existing investors Scribble Ventures, as well as Marc Benioff's TIME Ventures. The financing round is expected to support expansion outside of the United States in addition to the formation of new natural capital markets created to serve the growing $1 billion voluntary carbon market.