HK climate tech startup Allinfra secures $6m in Nomura-led round

The investment will enable the enterprise software developer to scale up its product offering and expand its reach across sectors and regions.

Photo from AllInfra's website

Allinfra, a Hong Kong-headquartered climate tech startup, has announced raising $6 million in its Series A funding round led by Japanese financial services group Nomura.

The funding round, which was also participated by new and existing investors, will be used to scale up product development and sales resources for Allinfra Climate, its sustainability data management software. It also seeks to scale its asset tokenisation platform Allinfra Digital.

“We are thrilled to benefit from the synergies and institutional support of Nomura,” said Dave Sandor, co-founder and CEO of Allinfra. “It’s validating to have leaders in the financial markets recognise the value of our technology and its ability to revolutionise climate-aligned products.”

With the UN’s goal to limit global warming to below 1.5 degrees Celsius, compared to pre-industrial levels, there is increasing pressure from almost all stakeholders in businesses and government entities to make a verifiable and lasting positive impact on the environment as soon as possible.

Green finance is a critical tool to achieve sustainability goals on the timeline needed. Yet, historically, the market has faced challenges around the collection of reliable, auditable data and the inability to permanently link data to non-digitised environmental financial products.

Led by a team with decades of experience in environmental and capital markets, Allinfra uses the latest technology to solve issues in the market that currently impede positive climate action.

“Nomura is looking forward to working closely with Allinfra and leveraging their technology to develop and distribute digital asset products in the climate finance market,” said Olivier Dang, COO of Nomura Wholesale Digital Office.

Allinfra Climate is a blockchain-based environmental platform that helps institutions achieve their sustainability goals. Collecting climate-relevant information, this end-to-end solution allows users to store, use or monetise this verifiable, auditable data.

Together with its asset tokenization platform Allinfra Digital, Allinfra is bringing access, choice and liquidity to global infrastructure and environmental assets.-