Green Marketplace Reneum Raises $4.1M Pre-Seed Funding Led by Ajeej Capital

The blockchain-based green energy marketplace Reneum Institute has announced that it has secured a $4.1 million pre-seed funding round led by Ajeej Capital, a major player in the Dubai investment sector. Reneum just graduated from the polygon-backed accelerator program run by Outlier Ventures and is an investor.

Reneum is additionally supported by the MENA and APAC renewable energy investment funds Catalyst Investment Management and Sindicatum Sustainable Resources, in addition to a bench of angel investors from the Web3 and renewable energy sector, with a focus on strategic investors who are building renewable energy on the ground. Due to the global reach of these investors, Reneum may speed up the supply of its solution to emerging markets all over the world as part of its primary objective.

This money will enable individual and corporate investors to truly ignite the energy transition and drive long-term climate action by supporting Reneum’s public launch by the end of Q4, 2022.

Reneum’s marketplace includes renewable projects looking for an investment with a direct focus on the 2030 energy transition target. While the marketplace is still in its beta launch phase, Reneum has already started to secure buy orders from corporations and climate ambassadors for over 100 solar and wind farming projects from across 25 nations.

Reneum distributes tokens (RENEW) to renewable energy projects that represent their environmental benefit as a form of natural capital, which they may monetize as a form of money. Reneum was created to build a platform for Proof-of-Impact. As a result, capital owners and renewable energy producers are encouraged to invest in additional renewable buildouts.

A digital Renewable Energy Certificate (REC), also known as a green energy offset, is given to buyers who purchase the tokens for climate action, ESG commitments, or government mandates in the form of a collectible, verified green NFT. The NFT represents proven, wholly on-chain, fully traceable climate action and is soulbound to the purchaser. The Reneum NFT is the first globally available badge of green contribution that can be recognized through its “verified-green” designation, enabling everyone to participate in direct climate action.

Former Sindicatum Renewable Energy venture member Brianna Welsh and clean energy entrepreneur, investor, commentator, and host of The Angry Clean Energy Guy podcast Assaad Razzouk are the creators of Reneum. Together, they bring a wealth of expertise in the environmental and renewable energy sectors as well as a critical understanding of the current climate situation and its workable and viable solutions.