See other companies on Welcome to the Jungle
Flowcarbon
Carbon credits on the blockchain
- 21-100 employees
- B2B
- Marketplace
- Energy
- Sustainability
- Blockchain
- Social Impact
- Environmental
- Greenwich Village, New York, NY
Jump to section
Company mission
Flowcarbon’s mission is to drive billions of dollars directly to projects that reduce or remove carbon from the atmosphere by creating the first open protocol for tokenizing live, certified carbon credits from projects around the globe.
Our take
Carbon credit markets have received unflattering scrutiny over recent years. They’re criticized as being opaque and fractured, allowing well (or ill) intentioned companies to greenwash through the purchase of ineffective or meaningless carbon offset credits. Demand nevertheless continues to rise, and Flowcarbon is one of the startups looking to help straighten out the offset market so it can operate with more credibility.
Flowcarbon’s approach is to offer eco-oriented projects the ability to tokenize their carbon credits and sell them forwards, thereby accessing funding faster, and with just a 2% tokenization fee (as opposed to the more typical 30%). For purchasers, credits stored on the blockchain offer true observability and transparency.
For this, Flowcarbon has attracted significant interest from backers including Marc Andreessen, Ben Horowitz, Samsung Next and General Catalyst - in spite of the chequered history of Flowcarbon founder Adam Neumann. Detractors, however, point out that the blockchain solves for transparency, but leaves the issue of traded (instead of retired) tokens unresolved. Whilst it may not go far enough, however, Flowcarbon’s solution theoretically provides, at minimum, a partial solution - and that’s certainly an improvement on the current murky market.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Collaborative workplace culture
- Equity options at rapidly growing startup
- Weekly team lunches
- Monthly team outings
- Hybrid office/remote schedule
- Beautiful office in Union Square with snacks, drinks and meeting space
Funding (1 round)
May 2022
$35m
EARLY VC
Total funding: $35m
This company has top investors
Leadership
Dana Gibber
(Co-founder & CEO)Previously held various US law clerk positions, before co-founding and serving as COO at Headliner Labs, and then moving on to a chief innovation officer position at ForwardPMX.
Caroline Klatt
(Co-founder & COO)Worked at McKinsey and then Fab.com before co-founding Headliner Labs, and moving into a chief innovation officer position at The Stagwell Group when it acquired the startup.
Ilan Stern
(Co-founder)Was a Merrill Lynch VP before moving on to manage portfolios for Soros Fund Management. Subsequently served as a General Catalyst MD, and is now chief investment officer at 166 2nd.