Nori

Nori

Nori is on a mission to reverse climate change.

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Security Type
Other
Categories
Other
Min Investment
$10
Location
Seattle, WA
Offering Date
September 06, 2018
Expected Close Date
December 31, 2018
Target Raise
$50.00K-$1.07M
Deal Notes
  • Type of security: Token DPA (Late Stage with Escrow) Learn more
  • If the campaign is successful, you’ll receive a Token DPA for your investment. The DPA is not equity or a token itself, but a loan that payable in tokens in the future, with interest.
  • Maturity: 3 years
  • Cash Interest: 10%
  • Token Repayment Premium: 15.75%
  • Elective Partial Refund: 50% of net debt amount before 2 years

Company Description

We are all affected by climate change. And most people feel like we’ve run out of options for dealing with it. Many have tried lobbying their government for action, but the response has been slow and insufficient. Nori is putting the power to reverse climate change back into your hands. Our marketplace incentivizes people to remove carbon dioxide from the atmosphere. By buying our tokens, you can use them to pay others for removing CO2. One NORI token can be used to buy one Carbon Removal Certificate (CRC), representing one tonne of CO2 removed. The person who removed the CO2 gets paid with that NORI token and can trade that for cash or any other cryptocurrency. By creating a marketplace where people can easily pay for carbon dioxide removal, Nori will incentivize more people to remove carbon dioxide and ultimately reverse climate change.

Key Deal Facts

Most carbon markets and efforts to fight climate change are set on reducing CO2 pollution; Nori is different and wants to completely reverse climate change by removing CO2 from the atmosphere
Economists and policymakers agree: we need a price on carbon. The NORI token delivers that for the world
Featured in Fast Company, GreenBiz, GeekWire, New Food Economy, CleanTechnica, Virgin Unite, and Sea Change Radio
Nori's Reversing Climate Change podcast has over 35 episodes and is the leading podcast on carbon removal
Founders and advisors have more combined experience in carbon removal than any other team on earth, having developed cutting edge technologies and founded key initiatives in the space

Use of Proceeds

  • Future wages 50%
  • General working capital 50%

Management Team / Advisory Board Bios

Paul Gambill
Chief Executive Officer
In 2015, Paul Gambill established the first community dedicated to carbon removal called Carbon Removal Seattle. He has 6 years of experience in managing mobile and web application projects for clients including Nike, Showtime, Target, and Starbucks.

Christophe Jospe
Chief Development Officer
Founded his first company, Carbon A List, in 2016 as a consultancy to provide investor research, carbon offsets, and fundraising support. Prior to that, he was chief strategist for the Center for Negative Carbon Emissions at Arizona State University.

Paul Carduner
Chief Technical Officer
After selling his second startup to Facebook, Paul spent five years building Facebook's photo and video teams. Prior to Nori, Paul took an interest in software for social good, working with Code.org to improve access to computer science education.

Aldyen Donnelly
Director of Carbon Economics
Aldyen has been a small business developer and consultant for over forty years. In the mid-1990s, Aldyen started to work on market-driven strategies to reduce atmospheric carbon concentrations.

Alexsandra Guerra
Director of Strategic Planning
Alexsandra is an engineer by study, and worked for three years at Southern California Edison (SCE) as a renewable energy integration engineer. While at SCE, she worked on data-driven projects focused on grid modernization.

Michael Leggett
Director of Product
Michael Leggett has built and led design teams at Google and Facebook for the last 13 years including Gmail, Android, Messenger, Ads, and more. Michael has a degree in Computer Science from Rice University.

Jaycen Horton
Principal Blockchain Architect
Jaycen has worked as a Lead Software Engineer for Dell, ASU Decision Theater, and MapStory and Information Security Engineer at Wells Fargo. He is currently the co-organizer of the largest blockchain meetup in Arizona.

Ross Kenyon
Lead Growth Strategist
Ross is a blockchain professional with a background in academia, filmmaking, and business development. He has worked with Tezos, Sweetbridge, ZenCash, Indiegogo, and Blue Frontiers.

Jacob Farny
Principal Product Designer
Jacob is a designer with consulting experience in a variety of industries such as health care, retail, and big data. He’s worked with big and small brands alike including Starbucks and Eddie Bauer. His education is in human computer interaction.

Richard Farman
Software Engineer
Richard is a recent graduate as the first Computer Science major from Whitman College. With experience in Full Stack development and a background in Liberal Arts, he has a passion for designing and developing simple solutions for complex problems.

Deal Notes

  • Type of security: Token DPA (Late Stage with Escrow) Learn more
  • If the campaign is successful, you’ll receive a Token DPA for your investment. The DPA is not equity or a token itself, but a loan that payable in tokens in the future, with interest.
  • Maturity: 3 years
  • Cash Interest: 10%
  • Token Repayment Premium: 15.75%
  • Elective Partial Refund: 50% of net debt amount before 2 years
Amount Raised : $145,549
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