Radicle Announces Investment By TELUS Ventures

Radicle Group Inc. (Radicle), the leading Canadian player in the carbon credit ecosystem, is pleased to announce an investment by TELUS Ventures, Canada’s most active corporate venture capital fund, and other investors as part of its debenture financing round.

With operations in Canada, the US, and Brazil, this funding will enable Radicle to enter new markets to help organizations across the globe monetize their environmental, social, and corporate governance (ESG) efforts. It will also support further development and updates to Radicle’s proprietary software to ensure alignment with emerging reporting requirements being demanded by regulators, clients, and their supply chains.

To date, Radicle has worked with more than 3,000 clients, generating CAD$100M in value through carbon credits; removed six million tonnes of carbon dioxide from our atmosphere; and traded over US$300M in environmental commodities.

Radicle plans to use the funds raised to scale up their operations and expand into new business lines and geographies to capitalize on the extensive growth expected throughout the carbon credit ecosystem.

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