See other companies on Welcome to the Jungle
Evergrow
Carbon financial services
- 1-20 employees
- Fintech
- B2B
- Enterprise
- Investing
- SaaS
- Environmental
- The Castro, San Francisco, CA
Jump to section
Company mission
To ensure our future on Earth by enabling and accelerating every project that reduces humanity’s carbon footprint.
Our take
As carbon credits have become an actively traded international commodity, the global market has grown 20% annually. In 2022, tax equity was estimated to be at $20 billion in value and is projected to double in value by 2024. Despite that impressive growth, projects reducing humanity’s carbon footprint still struggle to access financing.
For example, climate projects often require finalised offtake contracts to qualify for underwriting from banks. Even then, the model for underwriting based on these contracts is constantly evolving. Evergrow is the first company dedicated to streamlining and standardizing this process.
The startup is developing a suite of products and services for decarbonization project developers starting with a financial product that shields developers from carbon credit price volatility.
Evergrow plans on using seed funding awarded in 2023 to expand the platform's risk management, transactional, and diligence capabilities, ultimately expanding its suite of products and services so that it can become the ultimate FinTech support system for developers. To do this, the startup will have to expertly navigate the peculiarities of a nascent carbon offset market while meeting challenging regulatory requirements for traditional financial institutions.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- 🏝 Flexible vacation time
- 🥕 Daily lunch on us
- 🏥 Top-tier health, dental, and vision insurance
- 💰 401(k)
- 🌐 Visa and / or green card sponsorship (our CEO's first startup focused on streamlining immigration!)
- 🧑💻 New laptop / equipment of your choice
- 🐶 Dog-friendly office in the Ferry Building
- 🌳 Regular team retreats
- If you're based elsewhere in the U.S. (or internationally and U.S. visa eligible), we're happy to help you move to San Francisco and to cover relocation costs
Funding (2 rounds)
Apr 2023
$7m
SEED
Nov 2021
$7m
SEED
Total funding: $14m
This company has top investors
Leadership
James Richards
(CEO)Co-founded a venture investing firm, Garuda Partners. Previously co-founded Teleborder which was acquired by TriNet which they then joined as an Executive Director.