Therm Solutions, Inc., a carbon project developer focused on decarbonizing the food supply chain, today announced it has closed a $3.6 million Series A funding round from the same private investors who funded its seed round in 2021. The investment will accelerate the global expansion of the company’s leading Super Pollutant Carbon Credits™. Therm estimates the global voluntary carbon market for super pollutant credits will surge to $10 billion by 2030.
Super pollutants–powerful, heat-trapping gases like refrigerants and methane—are hundreds to thousands of times more potent than carbon dioxide and are responsible for up to 45% of global warming to date. The global food supply chain is the largest consumer of refrigerants and a primary producer of methane, making it a critical intervention point. Carbon projects targeting these gases are growing at more than 35% annually.
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Therm’s projects have issued more than 2 million Super Pollutant Carbon Credits across the United States, Canada, and Europe. Therm has received three quality ratings from BeZero Carbon, including two A ratings and an AA rating for its most recent project—placing it in the top 2% of carbon projects assessed globally.
“We built Therm to bring climate finance to high-impact solutions that reduce super pollutants,” said Fritz Troller, CEO and co-founder of Therm. “This funding empowers us to cement our leadership in this critical category, scale our organization worldwide, and capture this multi-billion dollar opportunity.”
Therm operates in voluntary, compliance, and Scope 3 insetting markets, bringing climate finance to grocers, convenience stores, cold storage facilities, and farmers across the global food supply chain. Its Super Pollutant Carbon Credits fund the replacement of harmful refrigerants and food waste reduction, delivering immediate, high-integrity emissions reductions with no risk of reversal.
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