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Kora (SEIS & EIS Eligible)
We reward actions to reduce carbon emissions, empowering everyone to become a climate hero.
Raised
£300,000 (12%)
Company overview
-
Website
www.kora.app -
Location
UK -
Founded
2021 (June) -
Industries
Green/Climate Tech, Sustainable Finance, B2B2C SaaS, Blockchain, eCommerce, Behaviour Change, Lifestyle
Investment summary
£2,500,000
Target
Equity
Type
Valuation (Pre-money)
£17,500,000
Minimum investment
£25,000
Idea
C02 emission avoidance has value. Kora - gives that value back to everyone by converting every 100 grams of CO2 avoided = 1 Kora Token (Not Crypto).
Kora measures your footprint with the Kora app. The less CO2 you emit, the more Koras you earn. If you take the subway instead of your car, or turn down the heating, you make Koras.
In the Kora Rewards Hub you can use your Koras to buy environmentally-friendly products and services from selected companies for a lower price. Or gain access to experiences with your favourite celebrity.
And, as Kora is hosted on the Tezos blockchain for authenticated climate impact, every carbon-reducing action you take is digitally documented, ensuring authenticity and credibility of your climate actions.
Kora is the new economy to empower everyone to make an impact. For themselves and the planet.
Are you ready to KORA?
C02 Tracking
KORA measures motion & energy use to calculate individual c02 emission reductions.
Kora Climate Token
100g of CO2 avoided=1 KORA earned. Hosted on Tezos blockchain for authenticated climate impact.
Rewards Hub
Rewards for your climate actions are redeemed in our sustainable marketplace & experiences hub.
Risk Summary
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
- 1. You could lose all the money you invest
- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
- 2. You should not expect to be protected if something goes wrong
- The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.
- Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
- 3. You may not be able to sell your investment when you want to
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
- 4. Cryptoasset investments can be complex
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
- 5. Don’t put all your eggs in one basket
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.
If you are interested in learning more about how to protect yourself, visit the FCA’s website here. For further information about cryptoassets, visit the FCA’s website here.