SEATTLE- Matt Trudeau, a seasoned veteran of digital markets and exchanges, has joined Nori as CEO and will join the board of directors, the company’s leading carbon removal marketplace announced today. His appointment is effective immediately. The company has now raised a total of $17.25 million in investment, headed by existing investors M13, Toyota Ventures, Placeholder, and Cargill. Nori also disclosed that the company has raised an additional $6.25 million. Paul Gambill, who served as Nori’s co-founding CEO for five years, will continue to serve on the board and move into a new role as Chief Product Officer.
As Nori prepares to scale its marketplace to facilitate the sale of its largest-ever supply of carbon removal credits in partnership with Bayer and as it prepares to extend the carbon removal product offerings accessible on the marketplace, the firm has decided to appoint a new CEO.
Trudeau, a multiple exchange entrepreneur, joins Nori with a wealth of business knowledge and a proven track record of creating innovative internet startups. Over two decades, he has extensive knowledge of blockchain, asset tokenization, regulated financial markets, market structure, trading technology, electronic marketplaces and exchanges, and cryptocurrencies. With companies like Instinet, Chi-X Global, IEX, Tradewind, and ErisX, Trudeau has led or assisted in 12 market launches for stocks, commodities, derivatives, and cryptocurrencies across the Americas, Europe, and Asia.
Trudeau added, “I am honored and thrilled to join Nori as its new CEO. “Under Paul’s direction, Nori has built an outstanding team, brand, technology platform, cutting-edge products, and strategic business ties. The chances to develop the carbon market fit well with my background in developing the financial and commodities markets. We will take advantage of Nori’s strong foundation to further innovate, grow our market, and establish ourselves as the industry’s top provider of solutions for sellers and purchasers of carbon removal.
Trudeau is greeted by Gambill, who declares: “I am happy to have Matt join us as Nori’s new CEO. He is a fantastic fit for our company due to his exceptional knowledge of financial technology and markets and his track record of driving innovation and growth at financial and technology companies. We are eager to produce step-change-level increases in the amount of CO2 removed from the atmosphere under Matt’s direction and to commercially scale our carbon removal credits with the Bayer Carbon Programme collaboration.”
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