klimatx

What klimatx does

Klimat X Developments Inc. (rebranding to Carbon Done Right Developments Inc.) is a publicly traded carbon project developer (TSX.V: KLX, FSE: Q1C, with an intended AIM London dual listing) headquartered in Vancouver, Canada. The company develops and directly operates nature-based carbon credit projects across forestry and marine ecosystems in Sierra Leone, Mexico (Yucatan), Guyana, and Suriname, with a planned project portfolio of more than 80,000 hectares and an estimated total carbon credit potential of approximately 46 million tCO2e over project lifespans. To date, only 1,400 hectares of forest and 14 hectares of mangrove have been planted since inception through 2023, with carbon credits issued over 30-year project horizons.

The company's technical differentiator is the proprietary Carbon Quantification System (CQS™), which combines satellite and drone imagery with AI/ML models to monitor individual trees and carbon sequestration in real time, complemented by the TreeCounter™ technology developed in partnership with the University of Copenhagen. In March 2024, the company acquired the London Carbon Exchange (LCE), a blockchain-enabled carbon trading platform, extending its vertical integration into credit issuance, tokenization, and decentralized marketplace trading. Project validation is managed through Verra standards with Ecosecurities and Silvestrum Climate Associates as technical partners, and FPIC governance is institutionalized through partnerships with NGOs such as Namati.

Klimat X generates revenue by selling validated and verified carbon credits wholesale to large enterprise buyers through pre-purchase agreements, streaming arrangements, and offtake contracts. The most significant commercial anchor is a pre-purchase agreement with BP Carbon Trading Ltd for the Sierra Leone Rewilding Project (minimum 5,000 ha, up to 1.9 million tonnes of carbon credits over 30 years). Mangrove restoration projects command premium pricing of up to $30 per tonne. The company is also developing a secondary revenue stream through platform transaction fees on the London Carbon Exchange. As of the latest disclosures, revenue is not publicly reported, and the company is funded primarily through equity (C$9.3M in June 2022, C$2.1M in April 2024) and a USD 300K bridge financing pre-AIM listing.

Name

klimatx

Legal name

Klimat X Developments Inc.

Website

https://klimatx.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Klimat X (rebranding to Carbon Done Right) is a publicly traded carbon project developer that directly owns and operates nature-based carbon credit projects across Sierra Leone, Mexico, Guyana, and Suriname, selling wholesale verified credits to large corporate buyers via pre-purchase and streaming agreements. Its proprietary CQS™ AI monitoring and London Carbon Exchange blockchain platform underpin vertical integration.

Ownership category

akta.pro rank

Product category

Voluntary Carbon Credits (Nature-Based)

NAICS

Support Activities for Forestry (1153), Environmental Consulting Services (54162)

SIC

Forestry (800), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Soil & Biomass Carbon Measurement (Soil Sampling, Forest Inventory, Blue Carbon) (EUABACAH)

akta.pro secondary industries

Carbon Registries & Issuance Platforms (Project/credit lifecycle, serials, issuance, retirement) (EUABAAAA), Tokenization, Digital MRV-Linked Credits & On-Chain Carbon Infrastructure (Digital assets, provenance) (EUABAAAE), Voluntary Carbon Credit Verification & Validation (VCS/Gold Standard/ACR/CAR) (EUABACAA), Project-Originated Carbon Credit Marketing & Offtake (Primary Market) (EUAGAIAC), Regenerative Agriculture & Soil Organic Carbon (SOC) (EUABABAE)

Keywords

• Voluntary carbon credits
• Carbon project development
• Nature-based solutions
• Carbon quantification software
• Carbon credit trading

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Carbon Credit Sales: The company develops validated and verified carbon credits from afforestation, reforestation of degraded land areas, and marine ecosystems (mangroves). Credits are sold wholesale directly to large enterprise buyers through pre-purchase agreements, streaming arrangements, and offtake contracts. The company works as a direct owner and operator of projects, positioning itself upstream to address supply constraints in the voluntary carbon market.
2. Technology Platform Licensing and Trading Fees: Following acquisition of London Carbon Exchange, the company operates a blockchain-enabled carbon trading platform that enables decentralized marketplace trading of carbon credits, tokenization of credits, and smart contract automation. Revenue is generated through platform transaction fees and services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Klimat X develops nature-based carbon credit projects across West Africa, Central America and South America, generating verified voluntary carbon credits for sale to corporate buyers. Its offerings are anchored by a proprietary Carbon Quantification System (CQS™) and TreeCounter™ AI tool that use satellite, drone and machine-learning imagery to measure, monitor and verify forest carbon stocks. Following its acquisition of the London Carbon Exchange, the company also operates a blockchain-based trading infrastructure for digital carbon and ESG commodity assets.

Product overview

Carbon Done Right (formerly Klimat X) is a vertically integrated carbon project developer offering nature-based carbon credits backed by proprietary technology. The core offering consists of validated and verified carbon credits from afforestation, reforestation, and marine ecosystem projects (mangroves). These are supported by the Carbon Quantification System (CQS) for tree-level monitoring and the Treecounter platform for transparency. The company is expanding through acquisition of the London Carbon Exchange (LCE), a blockchain-enabled trading platform that will enable decentralized marketplace functionality and tokenization of carbon credits. Projects span multiple jurisdictions including Sierra Leone (multiple rewilding and mangrove projects), Guyana (agroforestry), Mexico/Yucatan (mangrove restoration), and Suriname (mangrove and agroforestry), with operations owned 40-100% by the company.

Differentiator

Problem solved

Functional benefit

Brands

• Carbon Quantification System (CQS): Proprietary AI-enabled remote sensing and monitoring technology that tracks individual trees via satellite and monitors tree health and carbon sequestration data. Developed in partnership with Carbon Done Right entity.
• London Carbon Exchange (LCE)
• Treecounter

Products and services

• Nature-Based Voluntary Carbon Credits Verified voluntary carbon credits generated through reforestation, afforestation and mangrove restoration projects in Sierra Leone, Mexico (Yucatan), Guyana and Suriname. Sold wholesale to corporate buyers under multi-year pre-purchase and streaming agreements (e.g., BP Carbon Trading Ltd) to help buyers meet net-zero and Scope 3 decarbonization targets.
• Carbon Quantification System (CQS™) Proprietary technology platform that uses satellite imagery, drone surveys and AI/ML analytics to measure, monitor and verify carbon sequestration and biodiversity outcomes at the company's project sites. Underpins the integrity of the company's carbon credits and supports large-scale MRV across tropical geographies.
• TreeCounter™ AI Tree-Counting Tool Proprietary AI/ML tree-counting and species-identification engine that converts aerial and satellite imagery into forest inventory and carbon-stock estimates, used within the CQS™ platform for scalable MRV.
• London Carbon Exchange (LCE) Marketplace Blockchain-based digital marketplace infrastructure acquired as the London Carbon Exchange, enabling on-chain issuance, trading and settlement of carbon credits and other environmental/ESG commodities for corporate buyers, traders and intermediaries.

Quantifiable outcome

• Up to 1.9 million tonnes of validated and verified Verra carbon credits over 30 years from Sierra Leone Rewilding Project
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered supporting and core.

• NamatisupportingOthers · 16 April 2024International NGO with longstanding presence in Sierra Leone that represents landowning families and ensures landowners' rights are protected during the Free, Prior and Informed Consent (FPIC) land lease process. Partnered with the company to ensure community rights governance.
• Leede Jones Gable Inc.supportingChannel Partner/ Reseller/ Distributor · 10 April 2024Engaged as sole agent for brokered private placement of up to 43,111,000 common shares at C$0.05 per share for gross proceeds of approximately C$2.1 million. Agent received cash commission of 6% of gross proceeds plus broker warrants.
• Supernova Digital Assets Plc (London Carbon Exchange)coreTechnology or Integration · 8 March 2024Acquisition of London Carbon Exchange (LCE), a fully developed blockchain and enabled carbon trading platform, from Supernova Digital Assets Plc in an all-share transaction for the equivalent of USD 450,000. LCE provides transparency, traceability and verification of carbon credit transactions through a decentralized marketplace and tokenization capabilities.
• Carbon Done RightcoreTechnology or Integration · 4 March 2024Operating, licensing and purchase option agreement with Carbon Done Right for the Carbon Quantification System (CQS™) technology — a tech-enabled carbon quantification platform dedicated to supporting small farmers. The partnership enables the company to leverage proprietary technology to create high-value, best-in-class carbon credits with positive ecological and social outcomes. The technology was created by the KLX team.
• University of CopenhagencoreTechnology or Integration · 4 March 2024Partnership with the University of Copenhagen for the development of TreeCounter™ technology — AI and machine-driven tree counting system providing unprecedented transparency into forest change and carbon capture at the individual tree level. The technology enables real-time tracking of the growth and performance of restoration and conservation areas.
• Imperative Global ProjectscoreStrategic or Co-development Partner · 4 March 2024Joint venture agreement terms announced February 2024 for Yucatan mangrove project. Imperative Global Projects is the partner for developing the mangrove carbon credit project in the Yucatan Peninsula, Mexico.
• Outside the Box Capital Inc.supportingGTM or Marketing Partner · 27 February 2023Marketing Services Agreement for six months initially (with potential six-month extension) to provide marketing services communicating to the financial community information about the Company and engaging investors alongside the management team. Consideration: C$100,000 plus GST fee plus 1,350,000 stock options exercisable at $0.10 per share.
• EcosecuritiescoreImplementation/ SI/ Consulting Partner · 8 August 2022Feasibility study and Project Design Document preparation by Ecosecurities confirming scope and carbon credit potential of Sierra Leone project up to 25,000 hectares of planting. Ecosecurities is managing the project through the carbon credit validation process and has extensive technical experience in the field.
• Silvestrum Climate AssociatescoreImplementation/ SI/ Consulting Partner · 8 August 2022Technical partner with globally recognized expertise in mangrove restoration and conservation. Completed pre-feasibility report confirming significant potential for restoration projects in the State of Yucatan, Mexico. SCA has conducted multiple site visits to Sierra Leone mangrove sites to establish carbon storage baselines and restoration potential.
• Pomeroon Trading (Holdings) Ltd.coreStrategic or Co-development Partner · 28 June 2022Acquisition of approximately 65% of shares of Pomeroon Trading (Holdings) Ltd., a private vertically integrated agriculture company operating in Guyana. Collaboration with Pomeroon is centered around rehabilitating coconut and mixed agriculture estates and developing agroforestry and carbon opportunities through cooperation with the national government.
• Rewilding Maforki Ltd.coreStrategic or Co-development Partner · 28 June 2022Assignment from Rewilding Maforki Ltd. of 51% of the carbon credits and timber revenues to be generated in connection with its Maforki Project in Sierra Leone. The project involves reforestation and mangrove restoration in the Maforki Kingdom of Sierra Leone.
• Compañía Mexicana de Captación de Carbono (CMCC)coreStrategic or Co-development Partner · 28 June 2022Assignment of all rights and interests to develop and market carbon credits under existing contract with the Government of the State of Yucatan in Mexico. CMCC serves as the local partner for mangrove restoration projects in Yucatan, with up to 40,000 ha of degraded mangrove targeted for restoration. Joint venture agreement terms announced February 2024 for Yucatan mangrove project.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Pachama: Pachama uses satellite data and AI to verify forest carbon projects and sells credits to enterprise buyers. Highly comparable to Klimat X's CQS-enabled approach, although Pachama is more software/marketplace-focused and less of an upstream project owner-operator.
• South Pole Group: One of the largest carbon project developers and advisory firms, originating and selling nature-based and technology-based credits to enterprise buyers. Directly comparable business model to Klimat X across forestry, blue carbon, and pre-purchase/streaming structures.
• Carbon Growth Partners: Acquires and manages forestry carbon credit portfolios for institutional investors and corporate buyers. Comparable in pre-purchase/streaming offtake structures and nature-based asset aggregation.
• Cool Effect: Operates a curated marketplace of high-quality carbon projects, including forestry and mangrove initiatives, selling directly to corporate buyers. Comparable in the project-origination and distribution model.
• Taking Root: Canadian non-profit developing community-based reforestation carbon projects in Latin America with strong smallholder farmer engagement. Directly comparable to Klimat X's smallholder FPIC model and Latin American project footprint.
• Wildlife Works: Direct project developer-operator of REDD+ forestry carbon projects in Africa and Asia, selling Verra-validated credits to enterprise buyers. Closely comparable to Klimat X's upstream project ownership and nature-based focus.

Emerging players

• Sylvera: Provides independent ratings and satellite-based monitoring of carbon credits. Adjacent/emerging player that overlaps with Klimat X's MRV ambitions but operates as a rating/analytics layer rather than a project developer.
• NCX (now Particula): Digital marketplace connecting forest landowners to carbon credit buyers using remote sensing and measurement. Comparable technology platform approach to Klimat X's Treecounter and LCE blockchain exchange.
• Renoster: Satellite-based ecosystem monitoring provider for nature-based carbon projects, overlapping with Klimat X's CQS satellite/AI capabilities. Comparable MRV technology and target customer base of project developers.

Broad incumbents

• Verra: The dominant global carbon credit standards body issuing VCS certifications. Klimat X's credits are validated/verified to Verra standards, making Verra a critical infrastructure provider and broad incumbent in the ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/klimat_x
• YouTubeyoutube.com/@klimatx
• LinkedInlinkedin.com/company/klimat-x
• Instagraminstagram.com/klimat_x

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about klimatx