Climate Vault, a carbon measurement and reduction startup, has raised $9.4 million in a Series A funding round led by Inclusive Capital Partners Foundation. The round also included participation from King Philanthropies, Valor Siren Ventures, and ThirdStream Partners.
Climate Vault provides companies with a platform to measure, reduce, and offset their carbon emissions. The company’s platform uses data from government-regulated carbon markets to provide companies with a comprehensive view of their carbon footprint. Climate Vault also offers a variety of tools and resources to help companies reduce their emissions, including carbon offset programs, renewable energy procurement, and energy efficiency upgrades.
The company plans to use the funding to expand its team, develop new products and services, and grow its customer base. Climate Vault is targeting businesses of all sizes, from small businesses to large corporations.
We are excited to partner with Inclusive Capital Partners Foundation and other leading investors to help companies reduce their carbon footprint,” said Jason Grant, CEO of Climate Vault. “The funding will allow us to scale our platform and make it even easier for companies to take action on climate change.”
Climate Vault’s funding comes at a time when businesses are under increasing pressure to reduce their carbon emissions. In recent years, there has been a growing movement to divest from fossil fuels and invest in renewable energy. This movement has been driven by a number of factors, including the increasing threat of climate change and the growing availability of renewable energy options.
Climate Vault is well-positioned to capitalize on this trend. The company has a strong team with a proven track record in the carbon market. Climate Vault’s platform is also easy to use and scalable, making it a good fit for businesses of all sizes.
With the funding from this round, Climate Vault is well-positioned to help companies reduce their carbon footprint and meet the growing demand for climate-friendly solutions.
