Meet Stenver Jerkku & Al William Tammsaar Founders of Solid World
Invest in startups like Solid World alongside Climate Capital here.
Founders: Stenver Jerkku & Al William Tammsaar
Motto: Solid World is building the infrastructure to help scale the carbon market into a planetary powerhouse. Our mission is to build core infrastructure to make forward carbon markets as liquid as possible - unlocking the value of forward deals for carbon projects and the institutions that buy them.
Most credits that will decarbonize the planet have not been issued yet. By creating a highly liquid infrastructure for the forward carbon markets - we will accelerate the flow of capital toward projects that can deliver large-scale, trustworthy, and real outcomes. This is how we will help stop climate change.
Year Founded: 2022
Stage: Series A
Location: Taillin, Estonia
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Climate Capital: Frame the problem you are solving and the market
Solid World: Climate projects want to stop climate change, but climate finance is untransparent and slow. This makes it incredibly hard for someone like an Indonesian mangrove or Spanish reforestation developer to find financing, which can take years. This was a problem that Stenver recognized while working with his first startup eAgronom, which turns farmers into carbon farmers.
Climate Capital: What are you building?
Solid World: Solid World enables corporations and investors to scale their carbon investments to diversified and derisked carbon financing pools. It offers guaranteed delivery, transparent prices, 24/7 liquidity, and immediate buyers and sellers. Projects are subject to rigorous due diligence (ex-Bezero team) and are certified by reputed registries, including Verra.
Nobody else has created liquid, transparent, and derisked forward carbon investment markets. This could help scale and carbon markets and accelerate the growth of carbon projects.
Climate Capital: What has it taken to get to where you are today?
Solid World: We have needed to stay informed about the day to day changes in both carbon markets and blockchain regulation, and make plans based on assessments of where the industries were going. It's helped that we have many employees who have a deep knowledge of both industries. Now we prepare for our launch, which is coming in early 2023.
Climate Capital: How do you foster growth and career development for your employees?
Solid World: We have a very open work culture filled with self-starters who really care about our mission. We meet on a regular basis to keep up on what is happening, so all areas of the business can stay connected. We encourage open feedback as long as it is honest and constructive.
Climate Capital: What are the key challenges as you scale your company?
Solid World: We faced some of the toughest bear markets that startups have seen for an entire decade, and we managed to come out stronger. We focused on our core mission of scaling voluntary carbon markets and built the best possible protocol. Now we are gearing up for our launch, where we can finally share our innovations with the world! We really did not expect the general sentiment of the market to turn the way it did, but we are happy to come out better for it on the other side.
Climate Capital: What have you learned that you want to share with other founders?
Solid World: You should always focus on your mission and the problem you are trying to solve in the market, and set that as your top priority., but always be ready to adapt to a changing environment.
Climate Capital: How can the broader climate community help you on your mission?
Solid World: Just look into our protocol and the problems we are trying to solve!